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OGDC

Oil & Gas Development Company Limited

OGDC · Oil & Gas Exploration Companies · Company only accounts

Share price
Rs 306.77
30 Oct 2026, 4:46 PM PKT
Latest accounts
Sep 2026
Q1 report

Operating performance

Figures from the reports' own text. Only like-for-like series are charted: levels across every report, volumes across full years.

Share of Country's total area under exploration

37 % in Half-year report FY26.

% · as stated in each report

Receivables collection rate during period

111 % in Nine-month report FY26.

% · as stated in each report

Crude oil basket price

70.09 US$/barrel in Nine-month report FY26.

US$/barrel · as stated in each report

Average basket price of crude oil

84.96 US$/barrel in Half-year report FY24.

US$/barrel · as stated in each report

Other reported figures (331) — not charted because they are not like-for-like
FigureLatestPeriodWhy not chartedSource
Adhi average daily saleable gross crude production5,683 barrels/dJun 2024Fewer than three comparable periods
Average crude oil basket price (Arab Light)84.36 US$/barrelSept 2026Fewer than three comparable periods
Average basket price of crude oil 9M 2023-2483.47 US$ per barrelMar 2024Fewer than three comparable periods
Average basket price of crude oil89.07 US$/barrelMar 2023Fewer than three comparable periods
Average crude oil price (basket) FY 2022-2386.25 US$/barrelJun 2023Fewer than three comparable periods
Average international crude oil price 1Q 2023-2484.32 US$/barrelSept 2023Fewer than three comparable periods
Average exchange rate 9M 2023-24284.88 Rs per US$Mar 2024Reported in different units
Average exchange rate248.18 Rs/US$Jun 2023Fewer than three comparable periods
Average basket price of crude oil93.53 US$/barrelDec 2022Reported in different units
Average exchange rate277.92 Rs/US$Sept 2026Fewer than three comparable periods
Baragzai X-1 current gas production per day17 mmcf/dJun 2026Fewer than three comparable periods
Baragzai X-1 current LPG production per day60 tons/dJun 2026Fewer than three comparable periods
Baragzai X-1 current oil production per day5,968 bbl/dJun 2026Fewer than three comparable periods
Bettani-2 crude oil production per day850 bbl/dJun 2023Fewer than three comparable periods
Bettani-2 gas production per day1.5 MMSCFDJun 2023Fewer than three comparable periods
Current daily crude oil production of Bettani field980 barrels per dayMar 2024Fewer than three comparable periods
Current daily gas production from Bettani field14 MMcf/dSept 2024Fewer than three comparable periods
Bettani field current daily crude oil production950 bbl/dJun 2024Fewer than three comparable periods
Current daily crude oil production from Bettani field970 bbl/dSept 2024Fewer than three comparable periods
Bettani field daily crude oil production835 bbl/dSept 2023Fewer than three comparable periods
Bettani field daily gas production12 MMcf/dSept 2023Fewer than three comparable periods
Current daily gas production of Bettani field13.5 MMcf per dayMar 2024Fewer than three comparable periods
Chanda average daily gross condensate production2,069 barrels/dJun 2024Fewer than three comparable periods
Company share of country's total natural gas production29 %Dec 2021Fewer than three comparable periods
Company share of country's total LPG production38 %Dec 2021Fewer than three comparable periods
Company share of country's total oil production48 %Dec 2021Fewer than three comparable periods
Acquired 2D seismic share of Country's total 2D acquisition50 %Sept 2023Fewer than three comparable periods
Acquired 3D seismic share of Country's total 3D acquisition100 %Sept 2023Fewer than three comparable periods
OGDCL share of Country's total natural gas production29 %Sept 2023Fewer than three comparable periods
OGDCL share of Country's total LPG production37 %Sept 2023Fewer than three comparable periods
OGDCL share of Country's total oil production45 %Sept 2023Fewer than three comparable periods
OGDCL share of Country's total natural gas production29 %Mar 2023Fewer than three comparable periods
OGDCL share of Country's total LPG production36 %Mar 2023Fewer than three comparable periods
OGDCL share of Country's total oil production46 %Mar 2023Fewer than three comparable periods
Jhal Magsi daily condensate production after commissioning45 bbl/dJun 2025Fewer than three comparable periods
Contribution to national exchequer186.96 Rs billionJun 2026Fewer than three full-year figures
Average realized crude oil price71.78 US$/barrelJun 2023Fewer than three comparable periods
Crude oil quantity sold (FY2025-26)11,599 000 barrelsJun 2026Fewer than three full-year figures
Crude oil quantity sold - non-operated JVs 2022-232,800 thousand barrelsJun 2023Fewer than three full-year figures
Crude oil quantity sold - operated JVs 2022-234,000 thousand barrelsJun 2023Fewer than three full-year figures
Crude oil quantity sold - owned fields 2022-234,600 thousand barrelsJun 2023Fewer than three full-year figures
Crude oil quantity sold12,528 thousand barrelsJun 2022Fewer than three full-year figures
Crude oil realized price (FY2025-26)67.74 US$/bblJun 2026Fewer than three comparable periods
Total crude oil quantity sold FY 2022-23 (six-year table)261,798 thousand barrelsJun 2023Fewer than three full-year figures
OGDCL share of Country's total oil production46 percentMar 2024Fewer than three comparable periods
CSR spend3.64 Rs billionJun 2026Fewer than three full-year figures
D&P leases held78 numbersJun 2024Fewer than three full-year figures
Development wells drilled8 numbersJun 2021Fewer than three full-year figures
Development wells spud3 wellsDec 2023Fewer than three full-year figures
Oil and gas discoveries5 numbersJun 2025Fewer than three full-year figures
Oil and gas discoveries8 countMar 2026Reported in different units
Total cash dividend per share declared FY2025-2617 RsJun 2026Fewer than three full-year figures
Total dividend per share declared and paid in FY2025 to date7.05 Rs/shareMar 2025Fewer than three comparable periods
Development and production leases held82 countJun 2026Fewer than three full-year figures
Development and production leases79 numbersJun 2025Fewer than three full-year figures
Total drilling footage17,348 metersSept 2026Fewer than three full-year figures
Total drilling meters42,533 metersMar 2026Fewer than three full-year figures
Drilling footage metres drilled58,333 metresJun 2026Fewer than three full-year figures
Wells declared dry and abandoned during 9M 2024-253 wellsMar 2025Fewer than three full-year figures
Earnings per share 1Q 2023-2411.4 RsSept 2023Fewer than three full-year figures

Projects

202 projects, wells and blocks, most recently mentioned first. Stages are as reported; durations between reports are not project timelines.

  • Abu Dhabi Offshore Block-5 (PIOL)ExplorationLast reported Sept 2026 · 24 mentions

    Consortium PIOL: OGDC, PPL (operator), MEL, GHPL each 25%; Exploration Period-2 technical studies, drilling 4 wells (2 appraisal, 2 exploration) planned; FEED for Bu Dana, Al Bateen, Al Manhal fields; Production Concession awarded 11 June 2025 with PIOL 40% participating interest; first production CY2028

    View history
    1. Reported in Sept 2026 · Exploration · US$100m committed fully invested till 30 June 2026; Rs 24,626m Consortium PIOL: OGDC, PPL (operator), MEL, GHPL each 25%; Exploration Period-2 technical studies, drilling 4 wells (2 appraisal, 2 exploration) planned; FEED for Bu Dana, Al Bateen, Al Manhal fields; Production Concession awarded 11 June 2025 with PIOL 40% participating interest; first production CY2028
    2. Reported in Jun 2026 · Exploration · US$100m commitment fully invested till 31 Mar 2026; Rs 24,626m Consortium PIOL with OGDCL 25%; drilling of 4 wells planned (2 appraisal, 2 exploration); FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC; production concession awarded to ADNOC and PIOL (PIOL 40%, ADNOC 60%); first production expected 2028
    3. Reported in Mar 2026 · Exploration · US$100m commitment fully invested till 31 Mar 2026; Rs 24,626m Consortium PIOL with OGDCL 25%; drilling of 4 wells planned (2 appraisal, 2 exploration); FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC; production concession awarded to ADNOC and PIOL (PIOL 40%, ADNOC 60%); first production expected 2028
    4. Reported in Dec 2025 · Exploration · US$100m commitment (US$85m invested); OGDCL share US$3m (Rs841m) Consortium PIOL with OGDCL 25%; drilling of 4 wells planned (2 appraisal, 2 exploration); FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC; production concession awarded to ADNOC and PIOL (PIOL 40%, ADNOC 60%); first production expected CY 2028
    5. Reported in Sept 2025 · Planning · US$15m; Rs4,224m US$15m remaining commitment to PIOL to be invested in subsequent years; company share US$3m (Rs845m)
    6. Reported in Sept 2025 · Exploration · US$100m commitment (US$85m invested); OGDCL share US$3m (Rs845m) Consortium PIOL with OGDCL 25%; drilling of 4 wells planned (2 appraisal, 1 shallow, 1 deep exploration); FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC; production concession awarded to ADNOC and PIOL (PIOL 40%, ADNOC 60%); first production expected 2H 2028
    7. Reported in Jun 2025 · Exploration · US$100m commitment (US$85m invested); OGDCL share US$3m (Rs842m) Consortium PIOL with OGDCL 25%; one exploration well and three appraisal wells completed; FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC; production concession awarded to ADNOC and PIOL (PIOL 40%, ADNOC 60%); first production expected 2H 2028
    8. Reported in Mar 2025 · Exploration · US$100m commitment (US$85m invested); OGDCL share US$3m (Rs842m) Consortium PIOL with OGDCL 25%; one exploration well and three appraisal wells completed; FDP for Bu-Dana, Al-Manhal, Al-Bateen approved by ADNOC after period end; US$85m invested to 31 Mar 2025 of US$100m commitment; OGDCL share commitment US$3m (Rs842m)
    9. Reported in Dec 2024 · Exploration · US$100m commitment (US$60m invested); OGDCL share US$8m (Rs2,231m) Consortium PPL operator, MPCL, GHPL, OGDCL 25% each via PIOL; first exploration well XF003-1V/2D (Marwah) completed Dec 2024; third appraisal well AM0002 (Al-Manhal) in preparation; Pre-FEED study completed Sep 2024; ADNOC conducting due diligence for PCA/OPCO
    10. Reported in Sept 2024 · Exploration · US$100m commitment (US$60m invested) Consortium (PPL operator, MPCL, GHPL, OGDCL 25% each) via PIOL; appraisal wells BuDana-003 and Al Bateen-002 completed June and Aug 2024; first exploration well XF003-1V (Marwah) underway; Pre-FEED study for appraisal fields in progress; company subscribed USD 60m (Rs13,451m) of total USD 100m commitment; PIOL parent guarantee exposure US$120m (Rs33,372m)
    11. Reported in Jun 2024 · Planning Consortium (PPL operator, MPCL, GHPL, OGDCL 25% each) via PIOL; field development plan submitted to ADNOC; first appraisal well drilled, second appraisal in progress, another exploratory well planned Sept 2024
    12. Reported in Mar 2024 · Planning Planned exploration and evaluation; Assess and Select Study complete, Pre-FEED in progress; FDP submitted to ADNOC 15 Dec 2023 under review; contract awarded for 1 shallow exploration well and 3 appraisal wells, drilled Apr-Nov 2024; first appraisal well spud 10 Apr 2024; held via PIOL
    13. Reported in Dec 2023 · Planning Planned exploration and evaluation; Assess and Select Study complete, Pre-FEED in progress; non-binding FDP submitted to ADNOC 15 Dec 2023; 1 shallow exploration well and 3 appraisal wells planned Mar-Nov 2024; held via PIOL
    14. Reported in Sept 2023 · Other / unclear
    15. Reported in Jun 2023 · Exploration Planned exploration and evaluation underway; appraisal plan approved by ADNOC; jack-up rig contract awarded for 4 wells; PPL operator, OGDCL, MPCL, GHPL
    16. Reported in Mar 2023 · Exploration Planned exploration and evaluation underway; appraisal plan approved by ADNOC; long lead items contracted; jack-up rig contract in progress
    17. Reported in Dec 2022 · Exploration Planned exploration and evaluation underway; appraisal plan approved by ADNOC; long lead items contracted; jack-up rig contract in progress
    18. Reported in Sept 2022 · Exploration · USD 25m (Rs 4,176m) initial; further USD 10m (Rs 2,228m) in quarter Consortium (PPL operator, MPCL, GHPL, OGDCL) awarded ADNOC Offshore Block-5 on 31 Aug 2021; planned exploration and evaluation activities underway
    19. Reported in Jun 2022 · Exploration · USD 25m (Rs 4,176m) Consortium (PPL operator, MPCL, GHPL, OGDCL) awarded ADNOC Offshore Block-5 on 31 Aug 2021; appraisal of 3 wells approved; reprocessing of 1,000 sq km 3D seismic in progress
    20. Reported in Mar 2022 · Exploration · USD 25m (Rs 4,176m) Consortium awarded ADNOC Offshore Block 5 in Abu Dhabi on 31 Aug 2021; appraisal plan for five undeveloped pre-existing discoveries submitted to ADNOC on 28 Feb 2022; USD 25m (Rs 4,176m) invested in PIOL
    21. Reported in Dec 2021 · Announced · USD 25m (Rs 4,176m) Consortium awarded Offshore Block 5 in Abu Dhabi second competitive bid round; PIOL formed; USD 25m (Rs 4,176m) invested by Company; exploration concession signed 31 Aug 2021
    22. Reported in Sept 2021 · Announced · USD 25m (first payment); commitments Rs 13,021m OGDCL share of PIOL equity investment; first payment USD 25m; total PIOL share capital USD 400m paid equally over 5 years; commitments Rs 13,021m
    23. Reported in Jun 2021 · Announced Shareholders approved investment in ADNOC off-shore block-5
    24. Reported in Jun 2021 · Announced Consortium with OGDCL, PPL (operator), MPCL and GHPL awarded offshore block-5 in Abu Dhabi by ADNOC
  • Reko Diq mining projectPlanningLast reported Sept 2026 · 20 mentions

    OGDC, PPL, GHPL hold 25% via PMPL; Barrick 50% operator; Govt of Balochistan 25%; Board approved pro-rata funding US$715m (18 Aug 2025), endorsed at EOGM 10 Sep 2025; further equity contribution Rs 5,044m in quarter; operator reviewing project (security, capex, financing, timeline); capital cost and timeline may change; OGDC effective interest 8.33%

    View history
    1. Reported in Sept 2026 · Planning · US$715m pro-rata funding commitment (reduced to US$391m after expected project financing); Rs 5,044m equity contributed in quarter OGDC, PPL, GHPL hold 25% via PMPL; Barrick 50% operator; Govt of Balochistan 25%; Board approved pro-rata funding US$715m (18 Aug 2025), endorsed at EOGM 10 Sep 2025; further equity contribution Rs 5,044m in quarter; operator reviewing project (security, capex, financing, timeline); capital cost and timeline may change; OGDC effective interest 8.33%
    2. Reported in Jun 2026 · Planning · US$715m pro-rata funding commitment (earlier US$398m Phase-I commitment; reduced to US$391m after expected project financing); equity contribution Rs 21,146m in period Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; Board approved pro-rata funding up to USD 715m on 18 Aug 2025, ratified by EOGM 10 Sep 2025; OGDCL effective interest 8.33%; operator reviewing project since Feb 2026; first production FY2028-29
    3. Reported in Mar 2026 · Planning · US$715m pro-rata funding commitment (earlier US$398m Phase-I commitment; reduced to US$391m after expected project financing); equity contribution Rs 21,146m in period Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; Board approved pro-rata funding up to USD 715m on 18 Aug 2025, ratified by EOGM 10 Sep 2025; OGDCL effective interest 8.33%; operator reviewing project since Feb 2026; first production FY2028-29
    4. Reported in Dec 2025 · Planning · US$715m pro-rata funding commitment (earlier US$342m / Rs95,939m Phase-1 commitment) Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; Board approved pro-rata funding up to USD 715m on 18 Aug 2025, ratified by EOGM 10 Sep 2025; OGDCL effective interest 8.33%; first production FY2028-29
    5. Reported in Sept 2025 · Planning · US$342m (Rs95,939m) commitment; later US$715m pro-rata funding commitment Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; OGDCL committed up to US$342m (Rs95,939m) for Phase-1; advance against share issue Rs51,885m; OGDCL effective interest 8.33%; Board approved $715m pro-rata funding 18 Aug 2025, ratified by EOGM 10 Sep 2025; first production FY2028-29
    6. Reported in Jun 2025 · Planning · US$342m (Rs95,939m) commitment; later US$715m pro-rata funding commitment Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; OGDCL committed up to US$342m (Rs95,939m) for Phase-1; divestment under discussion; advance against share issue Rs51,885m; OGDCL effective interest 8.33%; Board approved $715m pro-rata funding 18 Aug 2025, ratified by EOGM 10 Sep 2025; first production FY2028-29
    7. Reported in Mar 2025 · Planning · US$342m (Rs95,939m) commitment Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; OGDCL committed up to US$342m (Rs95,939m) for Phase-1; divestment to sovereign foreign investor under discussion; advance against share issue Rs51,885m; OGDCL effective interest 8.33%
    8. Reported in Dec 2024 · Planning · US$359m (Rs100,054m) commitment Gold and copper; OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study completed Jan 2025; advance against share issue Rs47,165m; committed up to US$359m (Rs100,054m) for Phase-1; divestment to sovereign foreign investor under discussion
    9. Reported in Sept 2024 · Planning · US$372m (Rs103,472m) commitment Gold and copper project; OGDCL, PPL, GHPL hold 25% equity (divided equally) via PMPL SPV; Barrick Gold 50%, Govt of Balochistan 25%; feasibility study in progress, expected completion end 2024; company committed up to US$372m (Rs103,472m) for Phase-1 share; advance against share issue Rs43,444m; SOEs evaluating divestment to sovereign foreign investor
    10. Reported in Jun 2024 · Planning Gold and copper project; SOEs OGDCL, PPL, GHPL hold 25% equity via PMPL SPV; feasibility study expected completion by end 2024
    11. Reported in Mar 2024 · Planning · USD 385 million; Rs 107,074 million Gold and copper project; OGDCL holds 25% of equity via SOE structure, effective 8.33% in RDMC via PMPL; feasibility study expected completion by end 2024; committed up to USD 385m (Rs 107,074m) for Phase-1
    12. Reported in Dec 2023 · Planning · USD 389 million; Rs 109,815 million Gold and copper project; OGDCL holds 25% via PMPL (8.33% effective in RDMC); feasibility study expected completion December 2024; committed up to USD 389m (Rs 109,815m) for Phase-1
    13. Reported in Sept 2023 · Other / unclear
    14. Reported in Jun 2023 · Planning Share transfer to HoldCo1 and HoldCo2 expected by end 2024; feasibility study in progress; SOEs hold 15% stake
    15. Reported in Jun 2023 · Announced · US$398m (Rs 113,044m) All conditions precedent completed 15 Dec 2022; invested via PMPL; 33.33% equity in PMPL, 8.33% effective interest in RDML; US$398m (Rs 113,044m) committed
    16. Reported in Mar 2023 · Announced · US$398m (Rs 113,044m) All conditions precedent completed 15 Dec 2022; invested via PMPL; 33.33% equity in PMPL, 8.33% effective interest in RDML; US$398m (Rs 113,044m per note 8.2.4) committed to fund contributing interest
    17. Reported in Dec 2022 · Announced · USD 398m (Rs 90,227m) commitment Reko Diq project: all conditions precedent completed 15 Dec 2022; OGDCL invested via PMPL, 33.33% in PMPL, 8.33% effective interest in RDML; US$398m (Rs 90,227m) committed to fund contributing interest
    18. Reported in Sept 2022 · Announced · USD 187.5m (Rs 34,463m); USD 191m (Rs 35,262m) incl. interest Framework agreement with GoP, GoB, GHPL, PPL and Barrick Gold; USD 187.5m deposited in escrow for 8.33% interest; deposit increased to USD 191m (Rs 35,262m) with interest; subject to approvals and conditions
    19. Reported in Jun 2022 · Announced · USD 187.5m (Rs 34,106m) Framework agreement with Federal Govt, Govt of Balochistan, GHPL, PPL and Barrick Gold; OGDCL, PPL, GHPL to hold 25% equity; USD 187.5m deposited in escrow for 8.33% interest; subject to approvals
    20. Reported in Mar 2022 · Announced · USD 187.5m (Rs 34,106m) Non-binding framework agreement; Company deposited USD 187.5m (Rs 34,106m) into escrow for 8.33% interest in TCCP; conditions to be met by 30 June 2022 / 15 Dec 2022
  • Uch CompressionUnder constructionLast reported Sept 2026 · 16 mentions

    Construction and mechanical works complete, commissioning underway; performance testing Packages A&B by start Dec 2026, Package C mid Dec 2026; 100% OGDC; no incremental volume, required for UPL GSA continuation

    View history
    1. Reported in Sept 2026 · Under construction Construction and mechanical works complete, commissioning underway; performance testing Packages A&B by start Dec 2026, Package C mid Dec 2026; 100% OGDC; no incremental volume, required for UPL GSA continuation
    2. Reported in Jun 2026 · Under construction Compression required for continuation of GSA with UPL; site construction at advanced stage; OGDCL 100%
    3. Reported in Mar 2026 · Under construction Site construction in progress by EPCC contractor; required for continuation of GSA with UPL
    4. Reported in Jun 2025 · Under construction Dera Bugti Balochistan; OGDCL 100%; compression required for GSA with UPL; site construction in progress
    5. Reported in Mar 2025 · Under construction Dera Bugti Balochistan, OGDCL 100%; EPCC contract awarded, design and engineering phase
    6. Reported in Dec 2024 · Under construction Dera Bugti Balochistan, OGDCL 100%; EPCC contract awarded, design and engineering phase
    7. Reported in Jun 2024 · Under construction EPCC contract awarded; design and engineering phase
    8. Reported in Dec 2023 · Other / unclear Compression facility; annual turnaround undertaken
    9. Reported in Sept 2023 · Other / unclear
    10. Reported in Jun 2023 · Other / unclear EPCC LOI issued; tendering completed
    11. Reported in Mar 2023 · Other / unclear
    12. Reported in Dec 2022 · Other / unclear Technical and financial evaluation of bids for EPCC contractor completed; OGDCL 100% WI; expected completion May 2024
    13. Reported in Dec 2022 · Other / unclear
    14. Reported in Sept 2022 · Other / unclear Technical and financial evaluation of bids for EPCC contractor completed; OGDCL 100% WI
    15. Reported in Jun 2022 · Planning OGDCL 100%; EPCC contractor bid evaluation completed
    16. Reported in Jun 2021 · Planning Revised conceptual study; FEED and EPCC tender in progress
  • KPD-TAY CompressionUnder constructionLast reported Sept 2026 · 15 mentions

    EPCC contractor progressing site construction; KPD 100% OGDC, TAY 77.5% OGDC / 22.5% GHPL; crude 1,500 bpd, gas 100 MMcfd, LPG 170 tpd

    View history
    1. Reported in Sept 2026 · Under construction EPCC contractor progressing site construction; KPD 100% OGDC, TAY 77.5% OGDC / 22.5% GHPL; crude 1,500 bpd, gas 100 MMcfd, LPG 170 tpd
    2. Reported in Jun 2026 · Under construction Expected incremental 750 bpd crude, 50 MMcfd gas, 130 tpd LPG; site construction at advanced stage; OGDCL 100% KPD, 77.5% TAY
    3. Reported in Mar 2026 · Under construction OGDCL 100% KPD, 77.5% TAY (GHPL 22.5%); expected incremental crude 1,500 bbl, gas 100 MMcf, LPG 170 t/d; construction in progress
    4. Reported in Jun 2025 · Under construction Hyderabad Sindh; KPD OGDCL 100%, TAY OGDCL 77.5%, GHPL 22.5%; detailed engineering finalized; EPCC contractor mobilized; incremental 1,500 bbl crude, 100 MMcf gas, 170 t LPG
    5. Reported in Mar 2025 · Under construction Hyderabad Sindh; KPD OGDCL 100%, TAY OGDCL 77.5%, GHPL 22.5%; EPCC contract awarded
    6. Reported in Dec 2024 · Under construction Hyderabad Sindh; KPD OGDCL 100%, TAY OGDCL 77.5%, GHPL 22.5%; EPCC contract awarded, design and engineering phase
    7. Reported in Jun 2024 · Under construction EPCC contract awarded; design and engineering phase
    8. Reported in Dec 2023 · Other / unclear Compression facility; annual turnaround undertaken
    9. Reported in Sept 2023 · Other / unclear
    10. Reported in Jun 2023 · Other / unclear EPCC contractor hiring approved by BOD; OGDCL 100% KPD, 77.5% TAY
    11. Reported in Mar 2023 · Other / unclear
    12. Reported in Dec 2022 · Other / unclear Technical and financial evaluation of bids for EPCC contractor completed; KPD OGDCL 100%, TAY OGDCL 77.50%; expected completion March 2024
    13. Reported in Dec 2022 · Other / unclear
    14. Reported in Sept 2022 · Other / unclear Technical and financial evaluation of bids for EPCC contractor completed; KPD OGDCL 100%, TAY OGDCL 77.50%
    15. Reported in Jun 2022 · Planning KPD 100%, TAY 77.5% OGDCL; EPCC technical evaluation completed, financial under evaluation

Risks

Highlighted by management in the latest report. Severity is a model assessment, not a probability.

  • Overdue inter-corporate circular debt receivables (Rs 502,176m) from oil refineries, gas companies and power producers; slow government settlement

    Model severityhigh· circular debt· mentioned since Jun 2022

  • Reliance on trade debts concentrated with SNGPL and SSGC (Rs 271bn and Rs 251bn)

    Model severityhigh· credit

  • Continued forced production curtailment by SNGPL (system constraints) and UPL (reduced power demand) reducing net production

    Model severitymedium· operational· mentioned since Mar 2024

  • Geopolitical tensions in Middle East and Eastern Europe disrupting shipping (Strait of Hormuz, Red Sea) and pushing up energy prices

    Model severitymedium· geopolitical· mentioned since Mar 2023

Not mentioned in the latest report (17)

Absence from a later report does not mean the risk was resolved.

  • Fluctuations in international crude oil prices may affect sales, profitability and cash flows (last mentioned Jun 2026)
  • Middle East conflict and Strait of Hormuz disruptions causing price volatility and supply uncertainty (last mentioned Jun 2026)
  • Global economic uncertainty and commodity price volatility (last mentioned Jun 2026)
  • Crude price linked to Middle East basket; volatility impacts financial performance (last mentioned Jun 2026)
  • Exploration and drilling geological uncertainties; future discoveries cannot be assured (last mentioned Jun 2026)
  • Adverse security conditions endangering personnel, assets and operations (last mentioned Jun 2026)
  • Well blowouts, equipment failures, shutdowns, leaks, spills and adverse weather (last mentioned Jun 2026)
  • Production loss of 3,697 MMcf from ERW sunk wells due to flood since September 2025 (last mentioned Jun 2026)
  • Declining production from mature fields requiring sustained optimization (last mentioned Jun 2026)
  • Changes in laws, regulations and petroleum policies (last mentioned Jun 2026)
  • Credit risk on receivables from refineries and gas distribution companies (last mentioned Jun 2026)
  • Actual recoverable reserves may differ from estimates (last mentioned Jun 2026)
  • Physical climate risks: flooding, extreme weather, heat and water stress affecting operations (last mentioned Jun 2026)
  • Government ownership may constrain strategic and operational decision-making flexibility (last mentioned Jun 2026)
  • Investor and lender climate expectations affecting access to and cost of capital (last mentioned Jun 2026)
  • Energy transition, climate policies and emissions requirements may affect long-term hydrocarbon demand (last mentioned Jun 2026)
  • Climate policy, emissions and methane regulation tightening over medium-long term (last mentioned Jun 2026)

Management view

What management expects, from the Q1 report for Sept 2026

  • Nahiyoon-1 (KUC-1 Horizontal) well planned to total depth of about 5,000 metres targeting Sembar formation. (neutral tone)
  • Compression for Uch project expected to complete with performance testing of Packages A and B by start of December 2026 and Package C mid-December 2026. (neutral tone)
  • KPD-TAY Compression project expected to be completed March 2027 adding 1,500 bpd crude, 100 MMcfd gas and 170 tpd LPG. (positive tone)
  • Reko Diq operator review may change estimated capital cost and timelines; Board regards Reko Diq as strategic multi-decade investment. (neutral tone)

Stated targets: Interim cash dividend of Rs 5.00 per share (50%) for FY2026-27 approved by Board (page 7; page 30).; Expected daily incremental production from KPD-TAY Compression: 1,500 bpd crude, 100 MMcfd gas, 170 tpd LPG (page 6).; Expected daily incremental production from Bettani Development: 3,842 bpd crude, 85 MMcfd gas, 165 tpd LPG (page 6).; Expected daily incremental production from Sinjhoro Development Phase-II: 30 MMcfd sale gas, 30 tpd LPG (page 6).; Kunnar-Pasakhi water injection expected to enhance recovery by approximately 8-10% and extend field life by 7-8 years (page 4).; Abu Dhabi Offshore Block-5 committed investment up to US$100m fully invested by 30 June 2026 (page 19-20, 25).

▲ positive · ■ neutral · ▼ negative tone, as assessed by the model.

Read from OGDC's reports; nothing here is a forecast by this dashboard.