Oil & Gas Development Co. Ltd.
300.50
PKR
-2.55
(-0.84%)
ISIN
PK0080201012
Return %
Stock
S&P 500
1Y
12.58
14.20
3Y
209.51
81.12
5Y
255.92
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Ahmed Hayat Lak
- Full Time Employees
- 9,864
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Islamabad Pakistan
- IPO Date
- Oct 3, 2003
- Website
- ogdcl.com
- Similar Companies
- Business
- Oil & Gas Development Company Limited is a Pakistan-based integrated upstream energy enterprise engaged primarily in the exploration, development, extraction, processing, and commercialization of crude oil and natural gas resources. Founded in 1961 as a statutory corporation and corporatized as a public limited company in 1997, the company is headquartered in Islamabad, Pakistan, and maintains equity listings on the Pakistan Stock Exchange as well as Global Depositary Receipts on the London Stock Exchange. The company operates through integrated business segments comprising Exploration, Drilling, Production, Processing, and Oilfield Technical Services. OGDCL's core product portfolio consists of crude oil; pipeline-specification processed natural gas; liquefied petroleum gas (LPG); and elemental sulfur produced as a byproduct from sour gas treatment plants. In addition to primary hydrocarbon commodity production, OGDCL provides comprehensive technical oilfield services, which include 2D and 3D seismic data acquisition, processing, and geological interpretation; onshore exploration, development, and workover drilling operations supported by an owned fleet of drilling rigs; wireline logging, well testing, and well completion services; mud engineering, cementing, and directional drilling; chemical analysis and reservoir simulation; production facility engineering, gas sweetening, dehydration, and LPG extraction plant operations; and pipeline transmission infrastructure management. The company supplies crude oil to domestic petroleum refineries including Pak-Arab Refinery Limited, National Refinery Limited, Pakistan Refinery Limited, and Attock Refinery Limited; delivers natural gas to national transmission and distribution utilities comprising Sui Northern Gas Pipelines Limited and Sui Southern Gas Company, as well as dedicated power generation facilities such as Uch Power; and distributes LPG to licensed domestic marketing entities. Geographically, the company holds the largest exploration acreage and hydrocarbon reserve base in Pakistan, operating exploration licenses and development and production leases distributed across the provinces of Sindh, Punjab, Balochistan, and Khyber Pakhtunkhwa. Key producing assets and processing plants include the Qadirpur, Uch, Nashpa, Kunnar-Pasakhi Deep (KPD-TAY), Sinjhoro, Bobi, Dakhni, Chanda, Rajian, and Bettani (Wali) fields. In recent strategic and operational developments, OGDCL expanded its operational footprint internationally through a four-party consortium alongside Pakistan Petroleum Limited, Mari Petroleum Company Limited, and Government Holdings (Private) Limited, securing exploration concession rights for Offshore Block 5 in Abu Dhabi, United Arab Emirates, awarded by the Abu Dhabi National Oil Company. In domestic mineral and resource expansion, OGDCL participated in the reconstituted multi-billion-dollar Reko Diq copper-gold joint venture project in Balochistan in partnership with Barrick Gold Corporation and Pakistani state-owned entities. Operationally, the company has brought onstream major discoveries including the Bettani/Wali gas and condensate field in Khyber Pakhtunkhwa, initiated aggressive drilling and appraisal programs under the national Tight Gas Policy to commercialize unconventional and tight gas reservoirs, and signed cooperative memorandums of understanding with international energy service providers for the deployment of advanced enhanced oil recovery techniques, hydraulic fracturing, and artificial intelligence-driven seismic imaging. To support decarbonization goals, OGDCL has also initiated projects to install on-site solar power facilities at remote operating fields and begun preliminary technical evaluations for clean energy initiatives including geothermal energy extraction and green hydrogen development.