OGDCL’s net sales registered to Rs 118.644 billion compared to Rs 126.170 billion in the corresponding period last year.
Net profit before taxation registered to Rs 74.710 billion compared to Rs 90.501 billion in the corresponding period last year.
Net Profit after Taxation came to Rs 47.828 billion as against Rs 67.227 billion in the preceding period translating into Earnings per Share of Rs 11.12
The Board of Directors declared second interim cash dividend for the year at Rs 2.00 per share
Operating profit margin and net profit margin were 54% and 40%, respectively.
Average net realized price of crude oil sold was US$ 76.57/bbl as against US$ 87.45/bbl during corresponding period last year.
Average net realized price for natural gas sold was Rs 276.69/Mcf as against Rs 278.64/Mcf during corresponding period last year.
2,354 Line Kms of 2D and 508 Sq. Kms of 3D seismic acquisition completed.
Ten (10) new wells including four (4) exploratory/appraisal wells and Six (6) development wells were spudded during the half year ended December 31, 2014.
Company’s exploratory efforts yielded three (3) new oil and gas discoveries namely Soghri-1 & Jand-1 in district Attock, Punjab province and Jarwar-1 in district Tando Allah Yar, Sindh province.
Net crude oil production of 41,271 barrels per day, net gas production of 1,173 MMcf per day, net LPG production 245 M.Tons per day and net Sulphur production of 76 M.Tons per day was witnessed during the period under review.