OGDCL’s net sales increased to Rs 110.626 billion compared to Rs 88.680 billion in the corresponding period last year .
Net Profit before Taxation increased to Rs 74.242 billion compared to Rs 60.026 billion in the corresponding period last year.
Net Profit after Taxation increased to Rs 49.227 billion compared to Rs 41.573 billion in the corresponding period of preceding year translating into an Earnings per Share of Rs 11.45
Payable interim dividend of Rs 2.0 per share
Operating profit margin and net profit margin were 61% and 44% respectively.
Average net realized price of crude oil sold was US$ 82.78/bbl as against US$ 82.03/bbl during corresponding period last year.
Average net realized price for natural gas sold was Rs 263.83/Mcf as against Rs 220.13/Mcf during corresponding period last year.
841 L. Kms of 2D and 631 Sq. Kms of 3D seismic acquisition completed.
11 new wells including two (2) exploratory wells namely Raja-1 and Multan North-1, one (1) appraisal well Chak Naurang South-2 and eight (8) development wells namely Nashpa-4, Qadirpur-46 & 49, Bahu-5, 6, & 7, Rajian-7 and Bobi-10 were spudded.
Company’s exploratory efforts to locate new hydrocarbon reserves yielded three (3) new oil and gas discoveries at Naspha-3 (Naspha E.L) in District Karak, Khyber Pakhtunkhwa, Zin SML-1 (Zin E.L) in District Dera Bugti, Balochistan and at Suleman-1 (Khewari E.L) in District Khairpur, Sindh.
Net crude production of 39,245 barrels per day, net gas production of 1,073 MMcf per day, net LPG production of 264 M. Tons per day and net Sulphur production of 49 M. Tons per day was witnessed during the period under review.