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DISCOVERY OF GAS AT MARU EAST WELL # 01      OGDCL Half-Year FY2014 Results - Conference Call Presentation      OGDCL's Half-Year FY2014 Results Announcement (Jul-Dec 2013)      .... More                                          
 
 
 

OGDCL's Half-Year FY2014 Results Highlights

OGDCL’s net sales increased to Rs 126.17 billion compared with Rs 110.63 billion in the corresponding quarter of last year.

Net Profit before Taxation increased to Rs 90.50 billion compared with Rs 74.33 billion in the corresponding period last year.

Net Profit after Taxation increased to Rs 67.23 billion as against Rs 49.31 billion in the corresponding period of preceding year translating into Earnings per Share of Rs 15.63

Payable second interim cash dividend of Rs 2.00 per share

Operating profit margin and net profit margin were 62% and 53% respectively.

Average net realized price of crude oil sold was US$ 87.45/bbl as against US$ 82.78/bbl during corresponding period last year.

Average net realized price of natural gas sold was Rs 278.62/Mcf as against Rs 263.83/Mcf during corresponding period last year.

962 L. Kms of 2D and 433 Sq. Kms of 3D seismic data acquisition completed.

Seven (7) new wells, including two (2) exploratory/appraisal wells namely Jakhro West-1 & Zin SML-3 and five (5) development wells namely Qadirpur-50, 52, Kunnar Deep-9, Rajian-8 & Chak 5 Dim-2, were spudded during the period under review.

Average net crude oil production of 40,215 barrels per day, net gas production of 1,136 MMcf per day and net LPG production of 148 M. Tons per day and net Sulphur production of 90 M. Tons per day was achieved during the period under review.

   

   
   
OGDCL – The leading E&P Player in Pakistan



 

OGDCL is the national oil & gas company of Pakistan and the flagship of the country’s E&P sector. The Company is the local market leader in terms of reserves, production and acreage, and is listed on all three stock exchanges in Pakistan and also on the London Stock Exchange since December 2006. The Company is all set to ride the wave of E&P activity, equipped with its Vision & Mission, Business and Strategic Plan, a debt-free and robust balance sheet and healthy cash reserves. The Company is ready to take on the challenges of a volatile E&P industry.  

 

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MOU signed between OGDCL and Transparency International Pakistan
 
OGDCL Institute of Science & Technology (OIST), Islamabad Offers A Certificate Course on Corrosion Prevention, re-scheduled to be held on April 21-30, 2014 Details
 

Last updated: Apr 4, 2014

 

   
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