Highlights Of The Full Year (FY2016)
Date:
Wednesday, 24th of August 2016
- OGDCL’s net sales registered Rs 162.867 billion compared to Rs 210.625 billion in last year
- Net profit before taxation registered Rs 80.507 billion compared Rs 127.025 billion in last year
- Net Profit after Taxation registered Rs 59.971 billion as against Rs 87.249 billion in the preceding year translating into Earnings per Share of Rs 13.94
- The Board of Directors declared final cash dividend for the year at Rs 2.00 per share.
- Operating profit margin and net profit margin were 39% and 37%, respectively.
- Average net realized price of crude oil sold was US$ 39.07/bbl as against US$ 63.29/bbl during last year
- Average net realized price for natural gas sold was Rs 253.77/Mcf as against Rs 272.61/Mcf during last year
- A record 5,336 Line Kms of 2D and 3,459 Sq. Kms of 3D seismic acquisition completed
- Twenty Six (26) wells were spudded, comprising of twelve (12) exploratory/appraisal and fourteen (14) development wells during the year ended 30 June 2016
- Company’s exploratory efforts yielded six (6) new oil and gas discoveries namely; Thal East-1, Thal West-1, Bitrism West-1A, Aradin-1, Nashpa X-5, Chak Naurang South-1
- As at June 30, 2016, Net crude oil production of 40,609 barrels per day, net gas production of 1,056 MMcf per day, net LPG production 342 Metric tons per day and net Sulphur production of 39 Metric tons per day was witnessed during the period under review
