ogdc News

OGDCL secures multiple exploration blocks

Oil and Gas Development Company Limited (PSX: OGDC) has been provisionally awarded several new exploration blocks following its...

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OGDC posts around Rs130bn profit for 9MFY25, down 24%

Oil & Gas Development Company Limited (PSX: OGDC) reported a profit of Rs129.6 billion for the nine months ended March 31, 2025, down 24% from Rs171.1bn in...

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OGDC makes 4th gas, condensate discovery at Spinwam-1

Oil & Gas Development Company Limited (PSX: OGDC) has reported the fourth gas and condensate discovery in the Lockhart Formation at the Spinwam-1 Well...

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OGDC revives production from Chak #2-2 well in Sinjhoro Block

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived production from the Chak #2-2 well, a joint venture located in the Sinjhoro Block...

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OGDCL Board greenlights increased Reko Diq investment

The Board of Directors of Oil and Gas Development Company Limited (PSX: OGDC) has approved an increase in the company...

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OGDCL discovers more gas, condensate in Kawagarh

Oil & Gas Development Company Limited (PSX: OGDC) has revealed a second gas and condensate discovery in the Kawagarh Formation...

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OGDCL discovers gas, condensate at Soghri North-1

Oil and Gas Development Company Limited (PSX: OGDC), which operates the Soghri Exploration License with a 100% working interest...

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OGDCL revives Rajian-11 oil well with ESP technology

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived production at Rajian-11...

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OGDC’s earnings run out of steam, down 36%

Oil & Gas Development Company Limited (PSX: OGDC) reported a 36.01% decline in its profit after tax..

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OGDC discovers gas, condensate at Spinwam-1 well in North Waziristan

Oil & Gas Development Company Limited (PSX: OGDC) has discovered gas/condensate at the Spinwam-1 exploratory well, drilled in the Waziristan block, located...

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GCIL, MARI, OGDC sign Gas Sales & Purchase Agreement

Ghani Chemical Industries Limited (PSX: GCIL), Mari Energies Limited (MARI) (formerly Mari Petroleum Company Limited), and Oil and Gas Development Company...

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OGDC begins production from Bettani-2 appraisal well in KP

Oil & Gas Development Company Limited (OGDCL) has successfully commenced production from the Bettani-2 appraisal well in District Lakki Marwat, Khyber...

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OGDCL executes deal with KUFPEC to strengthen position

Oil and Gas Development Company Limited (PSX: OGDC) has successfully executed...

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OGDCL enhances oil output from Kunnar-12 Well

Oil & Gas Development Company Limited (PSX: OGDC) has enhanced oil production from the Kunnar-12 well...

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OGDC brings Kharo-1 well into production

Oil & Gas Development Company Limited (PSX: OGDC) has successfully disclosed that the Kharo-1 well...

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OGDC appoints Ahmed Hayat Lak as new CEO

Oil and Gas Development Company Limited (PSX: OGDC) has appointed Ahmed Hayat Lak as the Managing Director/Chief Executive Officer (CEO) of the company...

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OGDC's profit collapse sinks Oil & Gas sector in Q4FY24

Oil & Gas Development Company Limited (PSX: OGDC), the leading Force in Pakistan's Oil and Gas Exploration sector, posted a substantial drop in its quarterly...

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OGDC shares discussed for transfer to Sovereign Wealth fund by Cabinet

The Cabinet Committee on Wednesday discussed the transfer of Oil & Gas Development Company Ltd (OGDC) shares to the Sovereign Wealth Fund...

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OGDC signs MoU with Chinese firm for gas development

OGDC and CCDC, China’s major player in Drilling and upstream Oil field Services, signed an MoU on Sunday for the development of Shale and tight gas potential...

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PIA's outstanding debt rises to Rs190bn in FY24

The outstanding domestic debt of Pakistan International Airlines Corporation (PIA) as a Public Sector Enterprise (PSE) increased by Rs5 billion or 2.7%...

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OGDC commences production at Nur West Well in Sujawal

The Oil & Gas Development Company Limited (PSX: OGDC) has reported commencement of early commercial production of Tight Gas from Nur West Well-1...

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OGDCL discovers gas condensate in Khyber Pakhtunkhwa

OGDC has discovered gas condensate from the Lumshiwal-1 zone at the Razgir-1 exploratory well, located in Khyber Pakhtunkhwa Province...

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OGDC revitalizes Nashpa-4 Well, increases production

The Oil and Gas Development Company Limited (PSX: OGDC) has successfully revitalized Nashpa-4 well...

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OGDC to lift output in existing fields

Pakistan’s Oil and Gas Development Co. (PSX: OGDC), the nation’s largest energy explorer, intends to raise production in coming years...

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OGDC further boosts Nashpa Well-10 output through optimization initiatives

Oil & Gas Development Company Limited (PSX: OGDC) has achieved a further increase in production at Nashpa Well-10 through optimization initiatives including...

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Oil & gas sector's profit boom stalls in Q1 2024 amid lower income

Pakistan’s oil and gas exploration sector has failed to sustain its tale of financial success as industry players witnessed a major drop in earnings...

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OGDC discovers hydrocarbons in Kohat block

Oil & Gas Development Company Limited (PSX: OGDC) has discovered hydrocarbons in the exploratory segment of the Togh-02 (Slant) well in the...

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OGDC posts 30% growth in profits, distributes Rs2.5 DPS among shareholders

Oil and Gas Development Company Limited (PSX: OGDC) revealed its earnings for the first half of the fiscal year 2024, wherein the profit after tax clocked...

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OGDC initiates production at Chak 63-2 well in Sanghar field

Oil & Gas Development Company Limited (PSX: OGDC) has announced the commencement of production from well Chak 63-2 in Chak 63 D&PL, Sanghar, as...

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Four companies to invest $33.3m in oil and gas exploration

The government has executed Petroleum Concession Agreements and Exploration Licences for 8 blocks with 4 companies, stipulating a minimum investment of over...

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OGDC awarded four new exploration blocks

Oil & Gas Development Company Limited (PSX: OGDC) has been provisionally awarded four new exploration blocks by the government, the...

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VIS reaffirms entity ratings of OGDC

The VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Oil & Gas Development Company Limited (PSX: OGDC)...

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OGDC bids for exploration blocks

Oil and Gas Development Company Limited (PSX: OGDC) participated in the competitive bidding for exploration blocks held by the government on November 30, 2023..

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OGDCL completes Khewari project, targets 10 MMSCFD gas production

Oil & Gas Development Company Limited (OGDCL) has successfully completed the Khewari (Suleman 1 & 2) Development Project...

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Ministry of Energy denies reports of Saudi Aramco backing out of refinery project

The Ministry of Energy has refuted media reports suggesting that Pakistan’s $10 billion refinery project with Saudi Aramco is facing uncertainty...

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OGDC’s profit dips by 8% YoY in 1QFY24

Oil and Gas Development Company Limited (PSX: OGDC) reported its earnings for the first quarter of FY24, wherein the profit after tax clocked in at Rs49.04...

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OGDC's profit surges by nearly 68%, announces dividend of Rs2.75

Oil and Gas Development Company Limited (PSX: OGDC) struck it rich in FY23, experiencing a remarkable 67.9% YoY surge in profitability, with their...

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OGDC terms media buzz on circular debt settlement 'Speculative'

Oil and Gas Development Company Limited (PSX: OGDC) clarified that as of this date, the company has not received....

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Tech Beat: PSO, HCAR, OGDC to be monitored

The following is an outlook for the KSE-100 index and some strong scrips based on technical analysis (historical quantitative data)...

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IMF greenlights dividend plug-in back scheme to slash gas sector's revolving debt

In a significant move aimed to reduce the burden of the gas sector's revolving debt, the International Monetary Fund (IMF) has given approved....

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Oil production rises 3.3% WoW, Gas production falls 2.7%

Hydrocarbon oil production for the week ended July 31, 2023, stood at 70,683 barrels of oil per day (BPD), which increased by 3.3% WoW as compared to 68,424....

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OGDC boosts production with new technologies

Oil and Gas Development Company Limited (PSX OGDC) has achieved significant enhancement in production in July 2023 by using cutting-edge technologies for...

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Oil production increases 2.3% WoW, Gas production inches down 0.1%

Hydrocarbon oil production for the week ended July 16, 2023 stood at 67,344 barrels of oil per day (BPD), which increased by 2.3% WoW as compared to 65,854 i...

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OGDC awarded two new exploration blocks

Oil & Gas Development Company Limited (PSX: OGDC) has been provisionally awarded two new exploration blocks by the Government, the company’s latest filing...

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OGDC updates filing for Soghri license

The company has updated the filing from 19 May 2023 to correct the additional area in Soghri Exploration License from 15.55 sq km to 15.88 sq km.

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OGDC requests government for additional exploration area in Soghri Block

Oil and Gas Development Company Limited (PSX: OGDC) has requested the government to grant an additional area measuring 15.55 sq km....

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PPL, OGDC, GHPL signs definitive agreement for Reko Diq Project

Pakistan Petroleum Limited (PPL), Oil and Gas Development Company Limited (OGDC), and Government Holdings (Private) Limited (GHPL)...

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PPL to invest 33.33% paid-up capital in Pakistan Minerals

PPL) board of directors has approved an investment of up to 33.33% or 1/3rd of the total paid-up and issued capital in an associated company

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MPCL awarded new four exploration blocks

The Directorate General of Petroleum Concessions (DGPC), has awarded four new exploration blocks to Mari Petroleum Company Limited

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OGDC discovers gas from Lockhart formation in Tolanj West-2 well in Kohat

OGDC discovers gas from Lockhart formation in Tolanj West-2 development well in Kohat

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OGDCL injects 305,804 BBL oil, 3,677 MMCF gas in its production gathering system

OGDCL injects 305,804 BBL oil, 3,677 MMCF gas in its production gathering system

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OGDC makes a discovery of gas reservoirs at Kaleri Shum-01 well in Rajanpur

OGDC makes a discovery of gas reservoirs at Kaleri Shum-01 well in Rajanpur

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OGDC discovers gas from Umair South East-1 well in Guddu block

OGDC discovers gas from Umair South East-1 well in Guddu block

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OGDCL injects 8 new wells in production gathering system

OGDCL injects 8 new wells in production gathering system

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MSCI: OGDC added, HBL removed from FM index

MSCI: OGDC added, HBL removed from FM index

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DGPC provisionally awards new exploration block to OGDCL, JV partner

DGPC provisionally awards new exploration block to OGDCL, JV partner

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OGDC: Blooming

OGDC: Blooming

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OGDCL: Higher oil prices drive earnings

OGDCL: Higher oil prices drive earnings

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OGDCL injects 12 more wells in production gathering system in nine months

OGDCL injects 12 more wells in production gathering system in nine months

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Weekly Market Roundup

Weekly Market Roundup

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MSCI Review: Lucky Cement makes it to Global Standard Index

MSCI Review Lucky Cement makes it to Global Standard Index

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OGDC and PPL stocks to gain on CCoP dismissal?

OGDC and PPL stocks to gain on CCoP dismissal

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OGDCL injects two new gas and crude oil wells

OGDCL injects two new gas and crude oil wells

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OGDC’s income plunged by 14% YoY owing to higher operating expenses

OGDCs income plunged by 14 YoY owing to higher operating expenses

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OGDC postpones Election of Directors due to delay in GOP nominations

OGDC postpones Election of Directors due to delay in GOP nominations

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Analyst Briefing: OGDC evaluates ENI's assets in Pakistan to deduce possibility of acquisition

Analyst Briefing OGDC evaluates ENIs assets in Pakistan to deduce possibility of acquisition

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OGDCL injects 14 new wells in production gathering system in FY 2019-20

OGDCL injects 14 new wells in production gathering system in FY 2019-20

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OGDC's net income down by 15% YoY in FY20

OGDCs net income for FY20 down by 15 YoY

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OGDCL discovers oil and gas reservoirs in Kohat

OGDCL discovers oil gas reservoirs in Kohat

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OGDCL carries out 2,461 L-KMs 2D, 620 Sq. KMs 3D surveys

OGDCL carries out 2,461 L-KMs 2D, 620 Sq. KMs 3D surveys

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Privatization Commission considers increasing divestment of up to 10% shares in OGDCL

Privatization Commission considers increasing divestment of up to 10 percent shares in OGDCL

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OGDC successfully completes, injects development well Mela #07 into production stream

OGDC successfully completes injects development well Mela 07 into production stream

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OGDC starts commercial production of Gas and Condensate from its exploratory well Togh # 01 in district Kohat

OGDC starts commercial production of Gas and Condensate from its exploratory well Togh 01 in district Kohat

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ENI’s exit from Pakistan – Another blow to the Oil & Gas sector?

ENIs exit from Pakistan Another blow to the Oil Gas sector

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MSCI Preview: Pakistan’s chances of being downgraded pretty low despite poor performance

MSCI Preview Pakistans chances of being downgraded pretty low despite poor performance

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OGDCL acquires 1,503 LKMs 2D seismic data in six months

OGDCL acquires1,503 LKMs 2D seismic data in six months

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OGDC reports a meagre decline in net profits for 1HFY20

OGDC reports a meagre decline in net profits for 1HFY20

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SECP Concludes Probe into Allegations of Manipulation in OGDCL shares

SECP Concludes Probe into Allegations of Manipulation in OGDCL shares

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Govt approves financial advisers for OGDCL, PPL divestment

Govt approves financial advisers for OGDCL PPL divestment

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OGDC appoints a new CEO / Managing Director

OGDC appoints a new CEO Managing Director

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OGDC announces discovery of gas and condensate at Well Metlo 01

OGDC announces discovery of gas and condensate in Metlo well

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Privatization Commission dispels rumors of OGDC shares being offered at discount or historical avg

Privatization Commission dispels rumors of OGDC shares being offered at discount or historical avg

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OGDC appoints a new CEO / MD

OGDC appoints a new CEO

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VIS reaffirms ratings of OGDCL

VIS reaffirms ratings of OGDCL

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OGDC discloses the financial impact of UCH-ll wellhead gas price on its revenue

OGDC discloses the financial impact of UCH ll wellhead gas price on its revenue

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Closing Bell: Bears regain the upper hand

Closing Bell Bears regain the upper hand

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Closing Bell: Stock market gets shot of adrenaline

Closing Bell Stock market gets shot of adrenaline

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Closing Bell: Bulls manage to hold bourse at 41K

Closing Bell Bulls manage to hold bourse at 41K

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OGDC rubbishes off rumors pertaining to discovery of Shale hydrocarbons

OGDC rubbishes off rumors pertaining to discovery of Shale hydrocarbons

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OGDC’s shareholding in Mari Petroleum increases after allotment of 10% bonus shares

OGDC shareholding in Mari Petroleum increases after allotment of 10 bonus shares

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OGDCL spuds two new wells, completes testing of seven drills in first quarter

OGDCL spuds two new wells completes testing of seven drills in first quarter

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OGDC registers 2% rise in net earnings on the back of PKR depreciation

OGDC registers 2 rise in net earnings on the back of PKR depreciation

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Closing Bell: Drop in T-bills yield drives the index up

Closing Bell Reduction in T-bills yield drives the index up

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OGDCL to discover first shale gas, drill oil well in December

OGDCL to discover first shale gas drill oil well in December

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OGDCL makes four discoveries in three months

OGDCL makes four discoveries in three months

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OGDCL strikes another oil, gas discovery in Kohat

OGDCL strikes another oil gas discovery in Kohat

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OGDC adheres to market consensus as earnings grow by 50%

OGDC adheres to market consensus as its earnings grow by 50

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OGDC likely to enjoy substantial growth in earnings despite failed exploration projects

OGDC likely to enjoy substantial growth in earnings despite failed exploration projects

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OGDCL discovers crude oil and gas in Khyber Pakhtunkhwa

OGDCL discovers crude oil and gas in Khyber Pakhtunkhwa

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Closing Bell: Another few steps in green

Closing bell Another few steps in green

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Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,480.00 106,565.00
105,440.00
730.00
0.69%
BRENT CRUDE 67.13 67.29
67.05
0.02
0.03%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.46 65.65
65.34
0.01
0.02%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%


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