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Tag: Oil and Gas Development Company Limited

gas development

OGDCL Announces Remarkable 68% Surge in Profits for FY23

September 28, 2023September 28, 2023Shahnawaz Akhter

Karachi, September 28, 2023 – In a remarkable financial performance, the Oil and Gas Development Company Limited (OGDCL) has announced a staggering 68 percent growth in net profit for the fiscal year ending June 30, 2023.

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gas development

OGDCL Achieves Remarkable Production Boost in July 2023

July 31, 2023July 31, 2023Faisal Shahnawaz

Karachi, July 31, 2023 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant enhancement in production during the month of July 2023, attributing the success to the adoption of cutting-edge technologies for production optimization.

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gas development

OGDCL Secures Two New Exploration Blocks in Sindh and Punjab

July 3, 2023July 3, 2023Shahnawaz Akhter

Karachi, July 3, 2023: The Oil and Gas Development Company Limited (OGDCL), a state-owned entity in Pakistan, announced on Monday that it has received provisional awards for two new exploration blocks in Sindh and Punjab.

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gas development

OGDCL Commences Oil and Gas Production from Wali (Bettani) Field in Khyber Pakhtunkhwa

June 15, 2023June 15, 2023Shahnawaz Akhter

Karachi, June 15, 2023 – The Oil and Gas Development Company Limited (OGDCL) has announced the successful commencement of oil and gas production from the Wali (Bettani) Field in District Lakki Marwat, Khyber Pakhtunkhwa Province.

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gas development

OGDCL discovers gas deposits at Kohat District

September 19, 2022September 19, 2022Hamza Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announced discovery of gas deposits at district Kohat in the province of Khyber Pakhtunkhwa. The company sent a communication to the Pakistan Stock Exchange (PSX) stated that the TAL Joint Venture comprising MOL Pakistan Oil & Gas Co. B. V. (Operator), OGDCL (30 per cent […]

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gas development

OGDCL discovers gas deposits in Khyber Pakhtunkhwa

August 31, 2022August 31, 2022Faisal Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of gas deposits at Kohat district in the province of Khyber Pakhtunkhwa. In a communication sent to the Pakistan Stock Exchange (PSX), the company said the TAL Joint Venture comprising MOL Pakistan Oil and Gas Co. B. V. (Operator), OGDCL (30 per cent […]

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gas development

OGDCL declares over 63% net profit for 1HFY22

February 23, 2022February 23, 2022Faisal Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced financial results for the half year ended December 31, 2021. The company announced over 63 per cent growth in net profit to Rs69 billion for the first half (July – December) 2021/2022 as compared with Rs42.22 billion in the corresponding period of the last […]

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gas development

OGDCL declares Rs33.63 billion net profit in first quarter

October 29, 2021October 29, 2021Hamza Shahnawaz

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced its financial result, posting a profit after tax (PAT) of Rs33.629 billion during the first quarter ended September 30, 2021. The profit of the company has surged by 44 per cent when compared with the net profit of Rs23.344 billion in the first quarter […]

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gas development

OGDCL discovers huge gas deposits in Balochistan

October 21, 2021October 21, 2021Faisal Shahnawaz

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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gas development

OGDCL announces gas discovery in KPK

September 28, 2021March 31, 2024Hamza Shahnawaz

In a significant development for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) has announced a major gas discovery in the province of Khyber Pakhtunkhwa (KPK).

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