ISLAMABAD
\nOil & Gas Development Company Limited (OGDCL), the country\u2019s largest exploration and production firm, announced five new discoveries, spudded fifteen wells, and secured seven new exploration blocks in the 2025 bid round, further strengthening its portfolio. According to the company\u2019s Board of Directors, average net saleable production stood at 30,919 barrels of oil per day (BPD), 652 million standard cubic feet per day (MMSCFD) of gas, and 642 metric tons per day (MTD) of LPG, primarily from wholly owned and operated fields. This maintained OGDCL\u2019s leading share in national output.
\nProduction could have reached 32,709 BPD of oil, 743 MMSCFD of gas, and 714 MTD of sulphur had SNGPL not curtailed offtake from the Nashpa, Qadirpur, and Bettani fields, along with reduced demand from Uch Power that limited offtake from the Uch Field.
\nKey development projects\u2014including the commissioning of the Jhal Magsi Field and ongoing work on compression facilities at Dakhni, KPD-TAY, and Uch\u2014are expected to support future volumes. Diversification initiatives such as participation in Reko Diq, Abu Dhabi Offshore Block-5, and geothermal ventures are also reinforcing long-term growth.
\nOGDCL continued implementing its Production Optimisation Plan for mature fields, particularly Rajian, Fimkessar, Missakaswal, and Toot. The company also advanced its Tight Gas program and finalized the design for Phase-2 horizontal frac jobs under its Shale Gas Pilot Project.
\nThe company further strengthened its corporate governance framework, embedding sustainability, ESG, and DEI principles across operations. Initiatives in environmental stewardship, workforce inclusion, and responsible business practices underscored its commitment to transparency and accountability.
\nOGDCL\u2019s leadership in corporate disclosure was reaffirmed in the Transparency in Corporate Reporting (TRAC) 2024 assessment by Transparency International Pakistan, where it ranked third overall with a score of 93.09% and first among public sector entities.
\nThe Board of Directors praised management\u2019s focus on operational delivery, financial discipline, and diversification, which enabled the company to declare the highest dividend in its history while sustaining its role as Pakistan\u2019s leading energy contributor.
\nThe Board expressed confidence that OGDCL will continue to expand its resource base and create long-term value for shareholders and stakeholders. \u2014 DNA<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Oil & Gas Development Company Limited (OGDCL), the country\u2019s largest exploration and production firm, announced five new discoveries, spudded fifteen wells, and secured seven new exploration blocks in the 2025 bid round, further strengthening its portfolio. According to the company\u2019s Board of Directors, average net saleable production stood at 30,919 barrels of oil per […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-504880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n