OGDCL’s net sales increased to Rs 169.091 billion compared to Rs 142.035 billion in the corresponding period last year.
Net Profit before Taxation increased to Rs 112.687 billion compared with Rs 98.102 billion in the corresponding period last year.
Net Profit after Taxation increased to Rs 75.671 billion as against Rs 69.245 billion in the corresponding period of preceding year translating into Earnings per Share of Rs 17.59
The Board of Directors declared third interim dividend Rs 1.75 per share. (17.5%)
Operating profit margin and net profit margin were 60% and 45% respectively.
Average net realized price of crude oil sold was US$ 83.87/bbl as against US$ 84.46/bbl during corresponding period last year.
Average net realized price for natural gas sold was Rs 264.40/Mcf as against Rs 222.44/Mcf during corresponding period last year.
1,121 L. Kms of 2D and 850 Sq. Kms of 3D seismic data acquisition completed.
14 new wells including three (3) exploratory wells namely Raja-1, Multan North-1 & Tando Qaiser-1, one (1) appraisal well Chak Naurang South-2 and ten (10) development wells namely Nashpa-4, Qadirpur-46, 48 & 49, Bahu-5, 6, 7 & 8, Rajian-7 and Bobi-10 were spudded. Subsequently, two (2) exploratory wells namely Kurram-1 & Soghri X-1 and one development well namely Mela-4 were also spudded during the month of April 2013 making a total of seventeen (17) wells during FY2012-13.
Company’s exploratory efforts to locate new hydrocarbon reserves yielded three (3) new oil and gas discoveries at Naspha-3 (Naspha E.L) in District Karak, Khyber Pakhtunkhwa, Zin SML-1 (Zin E.L) in District Dera Bugti, Balochistan and at Suleman-1 (Khewari E.L) in District Khairpur, Sindh.
Average net crude oil production of 39,822 barrels per day, net gas production of 1,104 MMcf per day, net LPG production of 225 M.Tons per day and net Sulphur production of 43 M. Tons per day was achieved during the period under review.