Thursday, 23rd of April 2015

Highlights of the Nine Months ended 31st March 2015 include:

  • OGDCL’s net sales registered Rs 162.693 billion compared to Rs 190.362 billion in the corresponding period last year 
  • Net profit before taxation registered to Rs 103.105 billion compared to Rs 130.188 billion in the corresponding period last year
  • Net Profit after Taxation came to Rs 68.006  billion as against Rs 90.938 billion in the preceding period translating into Earnings per Share of Rs 15.81
  • The Board of Directors declared third interim cash dividend for the year at Rs 1.75 per share.
  • Operating profit margin and net profit margin were 54% and 42%, respectively.
  • Average net realized price of crude oil sold was US$ 66.59/bbl as against US$ 87.45/bbl during corresponding period last year
  • Average net realized price for natural gas sold was Rs 273.09/Mcf as against Rs 283.34/Mcf during corresponding period last year
  • 3,858 Line Kms of 2D and 1,125 Sq. Kms of 3D seismic acquisition completed
  • Fifteen (15) new wells including seven (7) exploratory/appraisal wells and eight (8) development wells were spudded during the nine months ended 31st March 2015 
  • Company’s exploratory efforts yielded four (4) new oil and gas discoveries namely Soghri-1 & Jand-1 in district Attock, Punjab province and Jarwar-1 & Palli Deep-1 in district Tando Allah Yar, Sindh province
  • Net crude oil production of 41,094 barrels per day, net gas production of 1,144 MMcf per day, net LPG production 258 M.Tons per day and net Sulphur production of 75 M.Tons per day was witnessed during the period under review.