Oil and Gas Development Corporation

Oil & Gas Development Company Limited (OGDCL) is the national oil and gas company of Pakistan. As Pakistan's flagship exploration and production company, OGDCL is primarily engaged in upstream oil and gas with operations encompassing exploration, development, and production.

Headquartered in Islamabad, OGDCL has a diverse portfolio spanning Pakistan's 4 provinces - Sindh, Punjab, Balochistan, and Khyber Pakhtunkhwa. As of June 2023, the company held 42% of Pakistan's oil reserves and 36% of its natural gas reserves, making it the holder of the country's largest hydrocarbon reserves.

The company operates a lease base of 111 Development and Production Leases, of which 77 are operated and 34 are non-operated joint ventures. OGDCL's average net daily production for FY2023 was 32,478 barrels of crude oil, 764 million cubic feet of natural gas, and 720 metric tons of liquefied petroleum gas.

Oil & Gas Development Company Limited reported net sales revenue of Rs413 billion for FY2023. The company has a market capitalization of around $4 billion, making it one of Pakistan's largest listed energy companies. With its extensive reserves and production infrastructure, OGDCL is positioned as a key player driving Pakistan's oil and gas sector.