About OGDCL

Prior to OGDCL's emergence, exploration activities in the country were carried out by Pakistan Petroleum Ltd. (PPL) and Pakistan Oilfields Ltd. (POL). In 1952, PPL discovered a giant gas field at Sui in Balochistan. This discovery generated immense interest in exploration and five major foreign oil companies entered into concession agreements with the Government.

During the 1950s, these companies carried out extensive geological and geophysical surveys and drilled 47 exploratory wells. As a result, a few small gas fields were discovered. Despite these gas discoveries, exploration activity after having reached its peak in mid-1950s, declined in the late fifties. Private Companies whose main objective was to earn profit were not interested in developing the gas discoveries especially when infrastructure and demand for gas was non-existent. With exploration activity at its lowest ebb several foreign exploration contracting companies terminated their operation and either reduced or relinquished land holdings in 1961.

Prior to 23 October 1997, OGDCL was a statutory Corporation, and was known as OGDC (Oil & Gas Development Corporation). It has been incorporated as a Public Limited Company w.e.f. 23 October 1997 and is now known as OGDCL (Oil & Gas Development Company Ltd.).

OGDCL’s under a forward looking management foresees the organization as not only the leading E&P Company of the country, but also as a company known for its people, partnerships and performance in the region. The Company continued with its strategies of accelerating oil and gas exploration, adding to its reserves, early development of newly discovered fields and strengthening of its oil and gas production base in order to enhance indigenous production of the country and create value for its shareholders

Human Resources:

Equipment Base

In order to execute the exploratory and development programmes, OGDCL has also developed a sound equipment and operational base which includes drilling rigs, Workover rigs,  Geological Field Party, Seismic parties, Engineering Field Parties, Gas Gathering and Pipeline Construction Party, Seismic Data Processing Centre, Geological Analysis Laboratory, Wireline Logging Unit, Cementing Units and Data Logging Unit.

Good Governance

Initiatives have and are being taken to effectively establish Good Governance practices through:

• Introduction of Code of Ethics and Business Practices.
• Merit - driven hiring
• Performance - driven promotions and appraisals.
• Strict adherence to laid-down rules, regulations and procedures.
• Development of Policy Statements in the areas of Marketing, CSR, Risk Management, etc, as a part of its business principles.

Business Development

Initiatives have been taken to enhance OGDCL’s business canvas. OGDCL will avail opportunities, to acquire overseas acreage by buying stakes in existing viable producing fields. OGDCL is also looking into the possibility of E&P opportunities and joint venture collaborations outside Pakistan, which would include swap of assets for reserves acquisition with percentage of working interest in international market.