OGDCL Secures Tenth Circular Debt Installment of Rs 7.725 Billion to Boost Energy Sector Liquidity
Oil and Gas Development Company Limited receives its tenth monthly installment under the government circular debt settlement plan improving cash flow and financial stability.
OGDCL Commences Oil and Gas Production From Spinwarm 1 Discovery in Waziristan
Oil and Gas Development Company Limited starts gas and condensate production at Spinwarm 1 in Waziristan to boost Pakistan domestic energy supply.
OGDCL Announces Major Gas Discovery at Sahito 1 Well in Sindh
Oil and Gas Development Company Limited discovers 17.2 MMSCFD of gas at the Sahito 1 exploratory well in Khairpur, marking a win for Pakistans energy sector.
OGDCL Receives Ninth Interest Installment of Rs7.25 Billion Under Circular Debt Plan
Oil and Gas Development Company Limited confirms receipt of the ninth interest installment from Power Holding Limited as part of the government’s settlement plan.
OGDCL Achieves Breakthrough with Pakistan’s First Horizontal Oil Well in Clastic Reservoir
Oil and Gas Development Company Limited has started production at the Pasakhi-13 well in Sindh, yielding 460 barrels of oil per day through horizontal drilling.
Pakistan Energy Sector Set to Outperform Amid Global Oil Surge and Geopolitical Tensions
Rising oil prices and Middle East instability drive growth in Pakistan’s E&P and OMC sectors, while cyclical industries face headwinds from potential interest rate hikes.
Hamed Yaqoob Sheikh Joins OGDCL Board as Ex-Officio Director Following Ministry Appointment
Oil and Gas Development Company Limited appoints Petroleum Secretary Hamed Yaqoob Sheikh to its board of directors, marking a significant leadership shift in Pakistan’s energy sector.
OGDCL Receives Rs7.725 Billion Eighth Installment Under Circular Debt Settlement Plan
Oil and Gas Development Company Limited receives Rs7.725 billion as eighth monthly interest installment from Power Holding under Rs92 billion circular debt settlement mechanism.
OGDCL Boosts Kal-03 Output to 750 BPD After Workover Intervention in Chakwal
OGDCL raises crude production at Kal-03 well in Chakwal from 50 to 750 BPD after multistage treatment and ESP installation as part of mature field optimization strategy.
OGDCL Receives Rs7.73bn Seventh Installment Under Circular Debt Settlement Plan
OGDCL has received its seventh monthly interest payment of Rs7.73 billion under Pakistan’s Circular Debt Settlement Plan, raising total recoveries to nearly Rs54 billion as part of government-led energy sector reforms.