OGDCL’s net sales increased to Rs 62.416 billion compared with Rs 53.795 billion in the corresponding quarter of last year.
Net Profit before Taxation increased to Rs 46.052 billion compared with Rs 36.414 billion in the corresponding period last year.
Net Profit after Taxation increased to Rs 33.588 billion as against Rs 25.656 billion in the corresponding period of preceding year translating into Earnings per Share of Rs 7.81
The Board of Directors declared first interim dividend of Rs 2.0 per share (20%)
Operating profit margin and net profit margin were 62% and 54% respectively.
Average net realized price of crude oil sold was US$ 85.76/bbl as against US$ 81.53/bbl during corresponding period last year.
Average net realized price of natural gas sold was Rs 274.87/Mcf as against Rs 251.16/Mcf during corresponding period last year.
487 L. Kms of 2D and 237 Sq. Kms of 3D seismic data acquisition completed.
Two (2) new wells including one (1) exploratory well namely Jakhro West-1 and one (1) development well namely Qadirpur-50 were spud during the period under review.
Average net crude oil production of 40,205 barrels per day, net gas production of 1,181 MMcf per day and net LPG production of 139 M. Tons per day was achieved during the period under review.