ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has accelerated exploration activities and speedy development of new discoveries and currently the company is working on six projects to meet the growing domestic demand, a document said.
According to a OGDCL document, in these development projects include Unar Pasakhi Deep and Tando Allah Yar Field Development Project (KPD-TAY), Sinjhoro, Uch-11, Jhal Magasi, Nashpa Mela and Sara West.
Out of these six projects, three are located in Sindh, two in Balochistan and one in Khyber Pakhtoonkhwa, the document said.
Talking to APP, an official of OGDCL said the company’s financial results for the year 2012-13 reflect landmark achievements. This can be witnessed by the fact that company’s sales and profit after tax stood to Rs223.37 billion and Rs90.78 billion respectively resulting in earnings per share of Rs 21.11.
The official further said that OGDCL contributed Rs129.12 billion to the national exchequer in the terms of royalty, dividends, corporate tax, general sales tax, excise duty and development surcharge.