Profile

Pakistan's largest Exploration and Production Company.

About Us

OGDC is Pakistan's national oil and gas Company and a preeminent leader in the exploration and production sector. Established in 1961 as a public sector corporation, it was converted into a public limited Company in 1997. OGDC was listed on the Pakistan Stock Exchange in 2003, followed by the listing of its Global Depository Shares on the London Stock Exchange in 2006.

With the largest exploration acreage and the highest oil and gas reserves in the Country, OGDC plays a critical role in meeting Pakistan's energy needs. As of June 2025, the Company contributes approximately 49% of national oil, 28% of gas, and 34% of LPG production, with a daily output of 124,872 barrels of oil equivalent.

OGDC operates key fields such as Qadirpur, Nashpa, Mela, and KPD-TAY and continues to expand through new exploration blocks and digital transformation initiatives. The Company is committed to sustainability, environmental stewardship, and the health and safety of its workforce, maintaining rigorous safety standards and responsible development practices.

1961

Founded

1997

Public Limited Company

2003

PSX Listed

2006

LSE GDS Listed

Pioneering Energy Solutions for Pakistan

Our Vision

To be a leading multinational exploration and production Company.

Our Mission

To become the leading provider of oil and gas to the Country by increasing exploration and production both domestically and internationally, utilizing all options, including strategic alliances.

To continuously realign ourselves to meet the expectations of our stakeholders through best management practices and the use of the latest technology and innovation for sustainable growth while being socially responsible.

Corporate Information

Status of the Company

Large Scale Public Sector Company

Incorporation Structure

Listed Public Limited Company

Nature of Business

Exploration and Production of Oil and Gas

Administrative Ministry

Ministry of Energy (Petroleum Division)

Licensing Information

Company Registration No.

CUIN 0038403

Date of Incorporation: 23 October 1997

Company National Tax No.

0787223-2

Registration Date: 8th August 1996

Sales Tax Registration No.

0702280200155

Registration Date: 10th December 1991

Legal Entity Identifier (LEI) No.

254900M131N1GDOLPD60

Key Milestones

A Legacy of Six Decades

1961

OGDC Established

Following a loan agreement with the USSR signed on 4 March 1961, OGDC was established under an ordinance on 20 September 1961, charged with systematic exploration of Pakistan's oil and gas prospects.

1961–80s

Building Foundations

The first 10–15 years are devoted to developing manpower and infrastructure for large-scale exploration. Major donor agencies, the World Bank, CIDA, and Asian Development Bank, provide critical assistance.

1989

Financial Independence

Following significant oil and gas discoveries, the government offloads OGDC from the federal Budget in July 1989, granting the corporation financial self-sufficiency.

1997

Public Limited Company

OGDC is restructured as Oil & Gas Development Company Limited (OGDC) on 23 October 1997, with an authorised capital of Rs 50 billion a fundamental corporate governance transformation.

2003

Pakistan Stock Exchange Listing

OGDC went through a landmark IPO in October–November 2003, described as a historic transaction in Pakistan's capital markets. Met with an overwhelming public response.

2006

London Stock Exchange

Global Depository Shares listed on the London Stock Exchange in December 2006. OGDC became the first E&P Company of Pakistan listed on the LSE.

2009

BESOS Launch

The Benazir Employees Stock Option Scheme launched on 14 August 2009; 10% of government-held shares were transferred to the OGDC Employees Empowerment Trust, empowering the workforce.

2014

Record Production

OGDC records the highest-ever Barrel of Oil Equivalent (BoE) production, a milestone that stands to this day.

2016

Peak Crude Oil Output

Achieves the highest ever daily gross crude oil production of 50,354 barrels on 28 November 2016.

2021

Abu Dhabi Expansion

Joins an international consortium for Abu Dhabi Offshore Block-5 awarded by ADNOC, the first opportunity for Pakistani E&P companies to explore in Abu Dhabi. Pakistan International Oil Limited (PIOL) is incorporated in the UAE.

2022

Reko Diq Entry

Enters definitive agreements for the Reko Diq mining project in Balochistan with Barrick Gold Corporation, potentially one of the largest undeveloped copper-gold mines in the world.

2024

Firsts & Global Recognition

Commences Pakistan's first tight gas production from the Nur West-1 well; joins the UN Global Compact; achieves CIPS corporate membership; launches the first ESG Report at COP-29 in Baku.

2025

Record Revenue & New Horizons

Posts sales revenue of Rs 401 billion and profit after tax of Rs 170 billion.

Rebranded as OGDC The Energy; incorporated OGDC Renewable Energy Limited (OREL), marking a strengthened commitment to renewables and sustainable growth.

The Reko Diq feasibility study has been completed.

Secured operatorship of Miran Block.