Observer Report
Islamabad
Oil and Gas Development Company Limited (OGDCL), Pakistan’s flagship Exploration and Production Company listed on Pakistan Stock Exchange & London Stock Exchange continued to contribute significantly towards the overall oil and gas production portfolio of the country during the last year.
The company remains a market leader in Oil & Gas production, contributing 48% in oil, 27% in gas & 37% in LPG production of the country.
The company has made contribution of Rs. 130 billion to the national exchequer during 2019-20. During the quarter ended 31st December 2020, OGDCL successfully added oil & gas to the tune of 2666 Barrels per day of oil, 82.0 MMSCFD of Gas and 77 Metric Tons per day of LPG.
During this short span OGDCL has not only added production from new wells but also enhanced its production through optimization of production from already producing wells.
