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OGDCL Full-Year Results FY2014 Conference Call Transcript      Conference Call Presentation on OGDCLFullYear(FY 2014) Results      OGDCL Full Year Results FY2014 (July 2013-June 2014)      OGDCL Nine-Months FY2014 Results Announcement (Jul 2013 - Mar 2014)         .... More                                          
 
 
 

OGDCL Full Year Results FY2014 (July 2013-June 2014) Highlights

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.

   

   
   
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: Aug 13, 2014

 

   
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