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.
OGDCL Discovers Significant Oil and Gas Reserves in Khyber Pakhtunkhwa, Pakistan
OGDCL announces a major oil and gas discovery at the Baragzai X-01 well in District Kohat, producing 3,100 BOPD and 8.15 MMSCFD gas, strengthening Pakistan’s energy security and hydrocarbon reserves.
UBL Becomes Pakistan’s Largest Listed Company After Strong Rally at PSX
United Bank Limited becomes Pakistan’s largest listed company as its market capitalization reaches Rs. 1.29 trillion, driven by a sharp rise in share price and strong earnings performance.
OGDCL Collects Rs7.725 Billion Sixth Installment Under Pakistan’s Circular Debt Plan
OGDCL receives Rs7.725 billion as the sixth monthly installment from Power Holding Limited under Pakistan’s circular debt settlement mechanism, marking steady progress in addressing the energy sector’s financial liabilities.
OGDCL Receives Rs. 38.65 Billion in Interest Payments Under Circular Debt Settlement Plan
OGDCL has received Rs. 38.65 billion in interest payments from PHL as part of the government’s circular debt settlement plan, marking the fifth installment in a twelve-month repayment schedule.