Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Oil & Gas Development Co., Ltd.    OGDC   PK0080201012

OIL & GAS DEVELOPMENT CO., LTD. (OGDC)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Oil & Gas Development : OGDCL injects five new oil, gas wells in production gathering system

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/13/2018 | 03:56pm CEST

Oil and Gas Development Company (OGDCL) has injected five new oil and gas wells, producing 4,133 barrels crude oil and 891 mmcf gas , in its production gathering system during first quarter of the current fiscal year.

The company, being cognizant of the countrys increasing energy demand, added production of five newly operated wells namely Pakhro-I, Dachrapur-3, Chanda-4 and Qadirpur-58 and HRL-12 in the system, official sources told APP.

They said the OGDCLs crude oil production had reached 42,529 barrels per day (bpd) in first quarter as compared to the same period of the corresponding year 2016-17, showing 6 percent growth.

Similarly, production of Liquefied Petroleum Gas (LPG) witnessed 73 percent surge during the period under review. The production has increased from 342 tons per day (tpd) to 590 tpd, the sources added.

The company drilled two new development wells namely Mela-6 and Qadirpur HRL-14, while it made two oil and gas discoveries in districts Sukkur and Hyderabad of the Sindh province.

Replying to a question, they said the company in an effort to explore new oil and gas reserves continued with its seismic data activities and acquired 181 sq. km of 3D and 49 Line Km of 2D seismic data during the period.

In order to arrest natural decline and revive production from mature wells, they sources informed that the OGDCL carried out successful work-over jobs at wells including Kunnar-10 and Pasakhi-7.

Answering a question, they said the company earned Rs 17.009 billion profit as compared to Rs 14.631 billion in same period of the last year.

(c) 2018 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OIL & GAS DEVELOPMENT CO.,
04/18OIL & GAS DEVELOPMENT : Spares for Draw Works
AQ
04/17JS Securities Limited - Morning Briefing
AQ
04/17OIL & GAS DEVELOPMENT : Supply of Power Cable
AQ
04/17OIL & GAS DEVELOPMENT : JS Securities Limited - Morning Briefing
AQ
04/11MARI PETROLEUM : Pakistan Stock Exchange Limited Closing Rate of OIL and GAS EXP..
AQ
04/10OIL & GAS DEVELOPMENT : Pakistan Stock Exchange Limited Closing Rate of OIL AND ..
AQ
04/10OIL & GAS DEVELOPMENT : New Study Shows Unacceptable Health Risk Levels for Thos..
AQ
04/10OIL & GAS DEVELOPMENT : Downhole Completion Equipment Manufacturers
AQ
04/09OIL & GAS DEVELOPMENT : Ventilation Fan Motors for Ruston Gas Turbines
AQ
04/07OIL & GAS DEVELOPMENT : Supply of Butterfly Valves for Rigs
AQ
More news
Financials ( PKR)
Sales 2018 200 B
EBIT 2018 75 507 M
Net income 2018 74 327 M
Debt 2018 907 M
Yield 2018 4,86%
P/E ratio 2018 9,51
P/E ratio 2019 8,49
EV / Sales 2018 3,53x
EV / Sales 2019 3,30x
Capitalization 706 B
Chart OIL & GAS DEVELOPMENT CO.,
Duration : Period :
Oil & Gas Development Co., Technical Analysis Chart | OGDC | PK0080201012 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 189  PKR
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Zahid Mir CEO, MD, COO & Executive Director
Zahid Muzaffar Chairman
Irteza Ali Qureshi Chief Financial Officer
Kamran Yusuf Shami Chief Information Officer
Iskander Mohammed Khan Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
OIL & GAS DEVELOPMENT CO., LTD.6 114
CONOCOPHILLIPS19.86%77 049
CNOOC LTD15.15%73 295
EOG RESOURCES5.68%65 947
OCCIDENTAL PETROLEUM CORPORATION3.16%58 511
CANADIAN NATURAL RESOURCES LIMITED1.54%43 178