January 29, 2022

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Pakistan Revenue

Tag: OGDCL

OGDCL discovers huge gas deposits in Balochistan
Oct 21
Energy

OGDCL discovers huge gas deposits in Balochistan

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the discovery of huge deposits of gas reserves in the province of Balochistan. In a communication shared with Pakistan Stock Exchange (PSX) and London Stock Exchange, the company said that OGDCL, being operator of Jandran West Exploration License with 100 per cent interest, had […]

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OGDCL announces gas discovery in KPK
Sep 28
Energy

OGDCL announces gas discovery in KPK

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced discovery of natural gas in the province of Khyber Pakhtunkhwa (KPK). In a communication sent to Pakistan Stock Exchange (PSX) and London Stock Exchange (LSE), the company said that it had successfully tested gas and condensate in Lockhart Limestone at Wali-1 well which is […]

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OGDCL discovers gas reserves in Khyber Pakhtunkhwa
Sep 7
Energy

OGDCL discovers gas reserves in Khyber Pakhtunkhwa

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced the discovery of natural gas in the province of Khyber Pakhtunkhwa, Pakistan. In a communication shared with the Pakistan Stock Exchange (PSX), the OGDCL said that the company being operator of Wali Exploration License with 100 per cent working interest had made a gas […]

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Pakistani consortium awarded exploration in Abu Dhabi
Aug 31
Energy

Pakistani consortium awarded exploration in Abu Dhabi

KARACHI: According to a notice to Pakistan Stock Exchange (PSX) on Tuesday, a consortium of Pakistani companies has been awarded exploration in Abu Dhabi. The consortium of PPL (operator), OGDC, MARI and GHPL has been awarded an Offshore Block-5 in Abu Dhabi. Analysts at Arif Habib Limited said that the consortium participated in Abu Dhabi’s […]

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OGDCL discovers gas reserves in Balochistan
May 17
Energy

OGDCL discovers gas reserves in Balochistan

KARACHI: Oil and Gas Development Authority (OGDCL) on Monday announced gas discovery at Jandran X-04 located in District Barkhan, Balochistan Province. The company said that the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in house expertise. “The well was drilled down to the depth of 1200m into Parh Limestone. Based on […]

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OGDCL announces gas discovery at Sial-1 Well in Sindh
Feb 2
Energy

OGDCL announces gas discovery at Sial-1 Well in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced a discovery of gas condensate at Sial-1 well located in district Hyderabad, Sindh province. In an information sent to Pakistan Stock Exchange (PSX) and London Stock Exchange (LSE), the company said that the structure of Sial-1 was drilled and tested using OGDCL in house […]

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OGDCL-PPL awarded exploration rights of new block in Balochistan
Jan 29
Energy

OGDCL-PPL awarded exploration rights of new block in Balochistan

KARACHI: The government has provisionally awarded exploration rights of a new block situated in the Balochistan Province to a joint venture comprising Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), a statement said on Friday. The statement issued by PPL said that the government had provisionally awarded a new block ‘Suleiman […]

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OGDCL announces gas discovery in Balochistan
Nov 27
Energy

OGDCL announces gas discovery in Balochistan

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced discovery of natural gas from its well located in the province of Balochistan. In a communication sent to Pakistan Stock Exchange (PSX), the company – as 100 percent operator – informed that it had discovered gas from its exploratory well Kakhirud X-1 located in […]

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OGDCL declares over 15 percent decline in annual profit
Sep 28
Corporate, Energy

OGDCL declares over 15 percent decline in annual profit

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announce financial results and declared over 15 percent decline in annual profit mainly because of lower sales during the year. In its financial results submitted to Pakistan Stock Exchange (PSX), the company declared Rs100 billion after tax profit for the year ended June 30, 2020 […]

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