ogdcl News

OGDC confirms successful test at TAL Block well

Oil & Gas Development Company Limited (PSX: OGDC) has confirmed successful hydrocarbon production testing from the Makori Deep-3 Development Well

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OGDCL discovers gas, condensate at Faakir-1 well

Oil & Gas Development Company Limited (PSX: OGDC) has revealed a gas and condensate discovery from its exploratory well

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OGDCL boosts oil output from Pasakhi-7 Well in Sindh

Oil & Gas Development Company Limited (PSX: OGDC) has declared an increase in oil production...

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OGDCL enhances oil production from Pasakhi-5 Well

Oil & Gas Development Company Limited (PSX: OGDC) has successfully revived and enhanced oil production...

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OGDCL revives Dars West-2 Well to boost production

Oil & Gas Development Company Limited (PSX: OGDCL) has announced revived the Dars West-2 Well...

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OGDCL increases daily heavy oil production to 2,500 BPD

Oil and Gas Development Company Limited (PSX: OGDCL) has successfully revived a heavy oil well within its Northern Region field...

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VIS reaffirms entity ratings of OGDCL

VIS Credit Rating Company Limited (‘VIS’) has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at ‘AAA/A1+’...

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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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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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PPL begins production at Adhi South-8

Pakistan Petroleum Limited (PSX: PPL) has commenced production from Adhi South-8, a new development well drilled in the Adhi Mining Lease...

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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 agrees to waive Rs72bn in circular debt settlement

As part of the circular debt settlement plan, the Oil and Gas Development Company Limited (OGDC) has agreed to waive off Rs72bn on account of liquidated...

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ECC directs OGDC to clear govt liabilities

The Economic Coordination Committee (ECC) has directed the Oil and Gas Development Company Limited (OGDCL) to settle its liabilities towards the government...

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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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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 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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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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OGDCL's 10% share transfer decision referred to CCoP by privatisation commission

The Privatisation Commission Board on Tuesday referred the decision for the transfer of 10% shares of the Oil & Gas Development....

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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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Promising returns, strategic triumphs await investors: OGDC

The management of the Oil & Gas Development Company Limited (PSX: OGDC), a leading Pakistani oil and gas company...

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ECC stipulates conditions for OGDCL to unlock gas price incentives for Jhal Magsi project

The Economic Coordination Committee (ECC) on Thursday mandated the Oil & Gas Development Company (OGDCL) to submit a Supplemental...

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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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OGDCL enhances production capacity of Nashpa Well-10

The Oil & Gas Development Company Limited (OGDCL), as part of its production enhancement campaign, has successfully increased the production capacity of.....

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SSGC to face gas supply issues due to annual maintenance shutdown in gas field

Oil and Gas Development Company Limited (OGDCL) has issued an 'Annual Turnaround Plan 2023' for its Kunnar-Pasakhi Deep (KPD) gas field whereby it will be...

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OGDC clarifies Jhal Magsi project status

Oil & Gas Development Company Limited (PSX: OGDC) has clarified to PSX that the current status of the Jhal Magsi project was disclosed in the company’s...

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Production from Wali (Bettani) Field commenced: OGDCL

Oil and Gas Development Company Limited (OGDCL) has commenced the production from the Wali (Bettani) oil and gas field situated in district Lakki Marwat...

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PRL and OGDCL join forces to boost Pakistan's energy sector

Pakistan Refinery Limited (PSX: PRL) and Oil & Gas Development Company Limited (PSX: OGDCL) have signed a Memorandum of Understanding (MoU) today to establish..

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OGDCL makes 4 discoveries, injects 8 operated wells in production gathering system

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OGDCL slashes LPG price by Rs40/kg

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OGDCL makes four discoveries in 1H of FY22

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OGDC, PPL enter into agreement for Reko Diq revival

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OGDCL carries out 652 Line-km 2D surveys in 1HFY22

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OGDCL injects 7 new wells in production gathering system

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OGDCL: Higher oil prices drive earnings to Rs68.9bn, up by 63% YoY

OGDCL: Higher oil prices drive earnings by 63% YoY

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OGDCL carries out 336 Line-km 2D surveys in 1QFY22

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OGDCL injects additional 69,770 bbl oil

OGDCL injects additional 69,770bbl oil

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OGDCL carries out 336 Line-km 2D surveys in three months

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OGDCL injects four wells in production gathering system

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OGDCL makes three discoveries in 1QFY22

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OGDCL makes gas discovery at Jandran West X-1

OGDCL makes gas discovery at Jandran WestX-1

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Khalid Siraj Subhani assumes charge as OGDCL’s MD/CEO

Khalid Siraj Subhani assumes charge as OGDCL’s MDCEO

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OGDCL’s LPG production increases by 9%, crude oil 2%

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OGDCL injects 12 new wells in production gathering system in FY21

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OGDCL: Earnings take a dive

OGDCL Earnings take a dive

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OGDCL announces successful testing of gas at Wali-1 Well in KPK

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OGDCL discovers Gas, Condensate in Wali Block

OGDCL makes a Gas and Condensate discovery in Wali Block, KPK

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Pakistan’s E&P consortium awarded offshore block in Abu Dhabi

Pakistans EP consortium awarded offshore block in Abu Dhabi

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OGDC made a gas and condensate discovery over Kawagarh Formation at well Wall 01

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MPCL and 3 energy giants consortium to incorporate NewCo for Abu Dhabi Bid Round

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OGDCL makes 5 oil, gas discoveries in 9 months

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Pakistan’s E&P companies win exploration block in Abu Dhabi

Pakistans EP companies win exploration block in Abu Dhabi

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CCOP to discuss divestment of govt. shares in OGDCL, PPL

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OGDCL discovers gas in Balochistan

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OGDCL: Not up to much

OGDC Not up to much

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OGDCL appoints Zafar Masud as Chairman Board

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OGDCL produces 36,423 BBL oil, 856 MMCFD gas in six months

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OGDCL carries out 1,715 L-KMs 2D, 156 Sq. KMs 3D surveys

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Lower production and oil prices weakened OGDCL’s profits by 20.5% YoY

Lower production and oil prices weakened OGDCL profits by 20.5 YoY

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OGDCL injects 14 new wells in production gathering system during 2nd quarter

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OGDCL discovers Hydrocarbons from its exploratory well Sial-1

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OGDCL awarded provisional exploration blocks after competitive bidding

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Mari Petroleum Ltd awarded provisional exploration blocks after competitive bidding

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OGDCL adds 2,666 BPD oil, 82 MMCFD gas in system during 2QFY21: MD

OGDCL adds 2,666 BPD oil, 82 MMCFD gas in system during 2nd quarter of FY 2020-21 MD

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OGDCL carries out 975 L-KMs 2-D seismic surveys

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OGDCL announces oil, gas discovery in KP

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OGDCL discovers gas from its exploratory well Lakhirud X-1, Balochistan

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OGDCL discovers gas from its exploratory well Lakhirud X-1, Balochistan

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OGDCL produces 36,221 BPD oil, 904 MMCFD gas, 714 TPD LPG in 1st quarter

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OGDCL produces 36,221 BPD oil, 904 MMCFD gas, 714 TPD LPG in 1st quarter

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OGDCL carries out 3,407 L-KMs 2D, 1,324 Sq. KMs 3D surveys

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OGDCL announces gas/condensate discovery at Siab-1 Well

OGDCL announces gascondensate discovery at Siab-1 Well

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

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OGDCL injects nine new wells in production gathering system

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OGDCL: Margins stay flat

OGDCL Margins stay flat

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First shale gas & oil well: Over 2,487- meter drilling carried out so far

First shale gas oil well Over 2,487- meter drilling carried out so far

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OGDCL settles gas supply issue within 5-KM radius of Dhoke Hussain field

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OGDCL acquires 556 LKMs 2D seismic data in first quarter

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OGDCL adds 373,515 BBL oil, 4,867 MMCF gas in production gathering system

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OGDCL starts first shale gas drilling process

OGDC starts drilling process for first shale gas

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OGDCL issues clarification regarding selection of Financial Advisor for divestment process

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OGDCL completes 20,004 LKMs, 8,809 SKMs seismic surveys in six years

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E&P companies to pay Rs 2.197 bln oil royalty in three years

E P companies pay Rs 2.197 bln oil royalty in three years

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OGDCL carries out 1,324 Line-KMs 2D, 620 Sq.KMs 3D surveys

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80.345 MBL oil, 700,885 MMCFT gas produced from three districts of KP in five years

80.345 MBL oil 700885 MMCFT gas produced from three districts of KP in five years

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OGDCL injects 13 new wells in production gathering system

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OGDCL injects 4 new oil, gas wells in 1st quarter of current FY

OGDCL injects 4 new oil gas wells in 1st quarter of current FY

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Exxon, Eni Pakistan, OGDCL and PPL sign Deed of Assignment for Offshore Indus 6 (Block 2265-1)

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OGDCL injects 17 new oil, gas wells in production gathering system

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OGDCL makes five discoveries in 2016-17, working to drill 28 wells this year

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Oil and Gas Development Company Ltd profits rise 22.2% to Rs. 36.671 billion

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OGDCL confident to meet drilling target of 28 wells in current year

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OGDCL reports one more zone in Lickhart Formation at Dhok Hussain Well # 01

OGDCL reports one more zone in Lockhart Formation at Dhok Hussain Well # 01

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OGDCL to drill 28 wells in current year, injects production of five new wells in system

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Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%

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OGDC confirms successful test at TAL Block well

OGDCL discovers gas, condensate at Faakir-1 well

OGDCL boosts oil output from Pasakhi-7 Well in Sindh

OGDCL enhances oil production from Pasakhi-5 Well

OGDCL revives Dars West-2 Well to boost production

OGDCL increases daily heavy oil production to 2,500 BPD

VIS reaffirms entity ratings of OGDCL

OGDC signs MoU with Chinese firm for gas development

OGDCL discovers gas condensate in Khyber Pakhtunkhwa

PPL begins production at Adhi South-8

OGDC revitalizes Nashpa-4 Well, increases production

OGDC agrees to waive Rs72bn in circular debt settlement

ECC directs OGDC to clear govt liabilities

OGDC further boosts Nashpa Well-10 output through optimization initiatives

OGDC discovers hydrocarbons in Kohat block

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

OGDC awarded four new exploration blocks

OGDCL's 10% share transfer decision referred to CCoP by privatisation commission

OGDC bids for exploration blocks

Promising returns, strategic triumphs await investors: OGDC

ECC stipulates conditions for OGDCL to unlock gas price incentives for Jhal Magsi project

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

OGDCL enhances production capacity of Nashpa Well-10

SSGC to face gas supply issues due to annual maintenance shutdown in gas field

OGDC clarifies Jhal Magsi project status

Production from Wali (Bettani) Field commenced: OGDCL

PRL and OGDCL join forces to boost Pakistan's energy sector

OGDC announces gas discovery in KPK’s Kohat

OGDC discovers gas from Nim East-1 exploratory well

OGDCL produces 822 TPD LPG in nine months

OGDCL carries out 1,426 Line-km 2D, 120 Sq-KM 3D surveys

OGDCL makes 4 discoveries, injects 8 operated wells in production gathering system

OGDCL slashes LPG price by Rs40/kg

OGDCL makes four discoveries in 1H of FY22

OGDC, PPL enter into agreement for Reko Diq revival

OGDCL carries out 652 Line-km 2D surveys in 1HFY22

OGDCL injects 7 new wells in production gathering system

OGDCL: Higher oil prices drive earnings to Rs68.9bn, up by 63% YoY

OGDCL carries out 336 Line-km 2D surveys in 1QFY22

OGDCL injects additional 69,770 bbl oil

OGDCL carries out 336 Line-km 2D surveys in three months

OGDCL injects four wells in production gathering system

OGDCL makes three discoveries in 1QFY22

OGDCL makes gas discovery at Jandran West X-1

Khalid Siraj Subhani assumes charge as OGDCL’s MD/CEO

OGDCL’s LPG production increases by 9%, crude oil 2%

OGDCL injects 12 new wells in production gathering system in FY21

OGDCL: Earnings take a dive

OGDCL announces successful testing of gas at Wali-1 Well in KPK

OGDCL discovers Gas, Condensate in Wali Block

Pakistan’s E&P consortium awarded offshore block in Abu Dhabi

OGDC made a gas and condensate discovery over Kawagarh Formation at well Wall 01

MPCL and 3 energy giants consortium to incorporate NewCo for Abu Dhabi Bid Round

OGDCL makes 5 oil, gas discoveries in 9 months

Pakistan’s E&P companies win exploration block in Abu Dhabi

CCOP to discuss divestment of govt. shares in OGDCL, PPL

OGDCL discovers gas in Balochistan

OGDCL: Not up to much

OGDCL appoints Zafar Masud as Chairman Board

OGDCL produces 36,423 BBL oil, 856 MMCFD gas in six months

OGDCL carries out 1,715 L-KMs 2D, 156 Sq. KMs 3D surveys

Lower production and oil prices weakened OGDCL’s profits by 20.5% YoY

OGDCL injects 14 new wells in production gathering system during 2nd quarter

OGDCL discovers Hydrocarbons from its exploratory well Sial-1

OGDCL awarded provisional exploration blocks after competitive bidding

Mari Petroleum Ltd awarded provisional exploration blocks after competitive bidding

OGDCL adds 2,666 BPD oil, 82 MMCFD gas in system during 2QFY21: MD

OGDCL carries out 975 L-KMs 2-D seismic surveys

OGDCL announces oil, gas discovery in KP

OGDCL discovers gas from its exploratory well Lakhirud X-1, Balochistan

OGDCL discovers gas from its exploratory well Lakhirud X-1, Balochistan

OGDCL produces 36,221 BPD oil, 904 MMCFD gas, 714 TPD LPG in 1st quarter

OGDCL produces 36,221 BPD oil, 904 MMCFD gas, 714 TPD LPG in 1st quarter