Oil & Gas Development

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76 articles for Oil & Gas Development

Pakistan: OGDC and PPL venture into the promising Reko Diq mining project

Oil & Gas Development Co. (OGDC) and Pakistan Petroleum Ltd (PPL) have entered into a non-binding agreement with the Government of Pakistan (GoP), Government of Baluchistan (GoB) and Barrick Gold Corporation to participate in the reconstituted Reko D...
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 21 March 2022

Pakistan Oil & Gas: Big changes for OGDC fields and a key upgrade at Tal

As per latest PPIS data, overall 2P Gas reserves in Pakistan have declined c.5% to 19.9tcf as of December 2021, down from c.20.95tcf by June 2021. Among the large assets, oil reserves of Nashpa, Kunnar and Mela fell by 33%, 53% and 73%, respectively....
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 28 February 2022

Oil & Gas Development: 2QFY22 review – beats expectations on higher exchange gains

Oil & Gas Development Co. Ltd (OGDC) has posted net profits of PKR35.3bn (EPS PKR8.20) for 2QFY22, up 5% qoq but nearly doubling yoy; which beats our EPS estimate of PKR7.58 majorly due to higher exchange gains. The result takes 1HFY22 net profits to...
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 23 February 2022

Pakistan E&Ps: 2QFY22 result previews

We estimate our E&P cluster to post near-record combined net profits of c. PKR57bn, up 69% yoy (flat qoq), thanks mostly to multiyear high crude oil prices and continuous PKR devaluation. The results should be accompanied by good payouts from all com...
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 24 January 2022

Oil & Gas Development: Wali discovery – Promising to be a material addition

In July 2021, Oil & Gas Development Co. (OGDC) notified a discovery in the exploratory well, Wali-1 (KPK). Conservatively, we assume that the well will start producing from the Lockhart formation with c.1,000bpd oil and 15mmcfd gas – equivalent to ab...
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 11 January 2022

Pakistan E&Ps: Another circular debt settlement

As per channel checks, the government is presently in discussions with the state owned E&Ps – majorly OGDC and PPL – to settle their outstanding circular debt dues (related to the indigenous gas sales only). In the first measure, the government will ...
Intermarket Securities
Saad
Saad Ali @ Intermarket Securities 9 December 2021

Details

Pakistan
Asia
Energy
About
Oil & Gas Development Co. Ltd. explores and develops oil and natural gas properties in Pakistan.

Associated topics

Asia Oil & Gas Development Pakistan Energy OGDC Saad Ali Equity Pakistan Petroleum Pakistan Oilfields PPL Nashpa POL South Asia E&P