Who We Are / Profile
Profile
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.
With a forward-looking strategy and strong operational foundation, OGDC remains a cornerstone of Pakistan's energy security and economic progress.
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, the use of 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
OGDC Established
Following a loan agreement with the USSR signed on 4 March 1961, OGDC is established under an Ordinance on 20 September 1961 charged with systematic exploration of Pakistan's oil and gas prospects.
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.
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.
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.
Pakistan Stock Exchange Listing
OGDC lists through a landmark IPO in October–November 2003, described as a historic transaction in Pakistan's capital markets. Met with overwhelming public response.
London Stock Exchange
Global Depository Shares listed on the London Stock Exchange in December 2006 — OGDC becomes the first E&P company of Pakistan listed on the LSE.
BESOS Launch
Benazir Employees Stock Option Scheme launched on 14 August 2009; 12% of government-held shares transferred to OGDC Employees Empowerment Trust, empowering the workforce.
Record Production
OGDC records highest-ever Barrel of Oil Equivalent (BoE) production — a milestone that stands to this day.
Peak Crude Oil Output
Achieves highest-ever daily gross crude oil production of 50,354 barrels on 28 November 2016.
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) incorporated in the UAE.
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.
Firsts & Global Recognition
Commences Pakistan's first tight gas production from Nur West-1 well; joins the UN Global Compact; achieves CIPS corporate membership; launches first ESG Report at COP-29 in Baku.
Record Revenue & Growth
Posts sales revenue of Rs 401 billion and profit after tax of Rs 170 billion. Reko Diq Feasibility Study completed. Secured operatorship of Miran Block.
Memberships
OGDC maintains active memberships in leading national and international professional bodies.
UNGC
United Nations Global Compact
PIP
Petroleum Institute of Pakistan
PPEPCA
Pakistan Petroleum Exploration and Production Companies Association
MAP
Management Association of Pakistan
SPE
Society of Petroleum Engineers
PAPG
Pakistan Association of Petroleum Geoscientist
PICG
Pakistan Institute of Corporate Governance
ICCI
Islamabad Chamber of Commerce and Industry
BCRA (Self Assessment)
Business Conduct and Regulatory Audit self-assessment forms for compliance evaluation.