OGDCL’s net sales increased to Rs 257.014 billion compared to Rs 223.365 billion in the last year.
Net profit before taxation increased to Rs 172.350 billion compared to Rs 146.809 billion in the last year.
Net Profit after Taxation increased to Rs 123.915 billion as against Rs 91.273 billion in the preceding year translating into Earnings per Share of Rs 28.81
Operating profit margin and net profit margin were 60% and 48%, respectively.
The Board of Directors declared final cash dividend for the year at Rs 3.0 per share
Average net realized price of crude oil sold was US$ 87.71/bbl as against US$ 83.40/bbl during last year.
Average net realized price for natural gas sold was Rs 282.95/Mcf as against Rs 265.88/Mcf during last year.
1,807 Line Kms of 2D and 867 Sq. Kms of 3D seismic acquisition completed.
Seventeen (17) new wells including eight (8) exploratory/appraisal wells and nine (9) development wells were spudded during the year ended 30 June 2014.
Company’s exploratory efforts yielded two (2) new oil and gas discoveries namely Saand-1 and Maru East-1, both located in Sindh province.
Net crude oil production of 41,330 barrels per day, net gas production of 1,173 MMcf per day, net LPG production 179 M.Tons per day and net Sulphur production of 93 M.Tons per day was witnessed during the period under review.