Oil and Gas Development Company Limited (OGDC) on Wednesday announced a significant discovery of gas and condensate at Bitrism East-1 exploratory well, located in District Khairpur, Sindh. OGDC is the operator of the Bitrism Exploration License with 95% working interest, along with Government Holdings (Private) Limited (GHPL) holding 5% working interest, said a news release. […]
Oil and Gas Development Company Limited
OGDC’s profit down 19% in FY25 amid lower sales
Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company, announced a consolidated profit of Rs169.9 billion for the year ended June 30, 2025, down from Rs208.9 billion recorded in the previous year, registering a decline of nearly 19%. This translated into earnings per share (EPS) of Rs39.50, compared to […]
OGDCL brings Soghri North Well-1 into production
Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, announced on Friday that the Soghri North Well-1 was successfully brought into production. The company announced this in a notice to the Pakistan Stock Exchange (PSX) today. “The well has a production capacity of 14.0 million standard cubic feet per day (MMSCFD) […]