OGDCL Nine-Months FY2014 Results Announcement (Jul 2013 - Mar 2014)      DISCOVERY OF GAS AT MARU EAST WELL # 01      OGDCL Half-Year FY2014 Results - Conference Call Presentation         .... More                                          

OGDCL's Nine Months FY2014 Results Highlights

Net sales increased to Rs 190.362 billion compared to Rs 169.091 billion in the corresponding period last year.

Net Profit before Taxation increased to Rs 130.188 billion compared with Rs 112.771 billion in the corresponding period last year.

Net Profit after Taxation increased to Rs 90.938 billion as against Rs 75.752 billion in the corresponding period of preceding year translating into Earnings per Share of Rs 21.14

Operating profit margin and net profit margin were 61% and 48% respectively.

The Board of Directors declared third interim dividend of Rs 2.25 per share (22.50 %)

Average net realized price of crude oil sold was US$ 87.45/bbl as against US$ 83.87/bbl during corresponding period last year.

Average net realized price for natural gas sold was Rs 283.34/Mcf as against Rs 264.40/Mcf during corresponding period last year.

1,242 L. Kms of 2D and 673 Sq. Kms of 3D seismic data acquisition completed.

Fourteen (14) new wells including six (6) exploratory/appraisal wells and eight (8) development wells were spud in the first nine months of FY2014.

Company’s exploratory efforts to locate new hydrocarbon reserves yielded two (2) new oil and gas discoveries namely Saand-1 and Maru East-1, both located in the Sindh province.

Average net crude oil production of 40,838 barrels per day, net gas production of 1,153 MMcf per day, net LPG production of 159 M. Tons per day and net Sulphur production of 92 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.  

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: Jul 28, 2014


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