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OGDC reports five major oil and gas discoveries in FY25

September 29, 2025September 29, 2025Mrs. Anjum Shahnawaz

Islamabad, September 29, 2025 – The Oil and Gas Development Company (OGDC) has announced a milestone achievement with five successful oil and gas discoveries during the fiscal year 2024–25.

PIOL secures strategic offshore block in Abu Dhabi

June 12, 2025June 12, 2025Faisal Shahnawaz

Karachi, June 12, 2025 – In a major milestone for Pakistan’s energy sector, Pakistan International Oil Limited (PIOL) has officially signed a production concession agreement (PCA) for the development of a strategic offshore block in Abu Dhabi, marking a new chapter in the country’s regional energy collaboration.

OGDC’s profit jumps 42% YoY in 9MFY23

April 27, 2023April 27, 2023Hamza Shahnawaz

Oil and Gas Development Company Limited (OGDC) on April 27, 2023 announced its financial results for 9MFY23, reporting a profit after tax of PKR 159.64 billion (EPS: PKR 37.12) compared to PKR 112.04 billion (EPS: PKR 26.05) in 9MFY22, reflecting an increase of 42% YoY.

Gas price hike to further push up inflation

July 13, 2022July 13, 2022Hamza Shahnawaz

KARACHI: The recent approval by Economic Coordination Committee (ECC) to increase the prices of gas will further push up the inflation, analysts said. The country is already facing the alarming rise in inflation following sure in prices of petroleum products and electricity tariff. The analysts at AKD Securities said that ECC approved hike in gas […]

OGDCL discovers huge gas reserves in Khyber PakhtoonKhwa

August 27, 2019March 24, 2021Mrs. Anjum Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced huge amount of gas discovery and condensate from exploratory well at Kohat, Khyber PakhtoonKhwa. In a notification to Pakistan Stock Exchange (PSX) and London Stock Exchange Plc., the company said that the joint venture of Kohat E.L. comprising OGDCL as operator (50 percent), Mari […]

OGDCL announces discovery of oil and gas in Sindh

July 25, 2019June 19, 2026Mrs. Anjum Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of oil and gas in District Sanghar of Sindh province.

OGDCL discovers huge deposits of gas in Sindh

May 13, 2019April 1, 2021Faisal Shahnawaz

KARACHI: Oil and Gad Development Company Limited (OGDCL) has discovered huge amount of gas at exploratory well Mangrio 01, District Tando Muhammad Khan, Sindh Province. In a statement on Monday, the company said that the structure of Mangrio Well 01 was drilled and tested using OGDCL’s in house expertise. The well was drilled down to […]

Preliminary report on Karachi deep sea drilling submitted

January 14, 2019October 27, 2023Hamza Shahnawaz1 Comment

KARACHI – A multinational joint venture comprising ENI, Exploration and Production Pakistan BV (EEPP), and Pakistan Petroleum Limited (PPL) has initiated the preliminary phase of offshore drilling for oil and gas in Karachi’s ultra-deep waters.

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