Petroleum Exploration & Production policy 2012 would give manifold strength to energy sector of Pakistan through newly defined rules & regulations. I extend my felicitations to the Ministry of Petroleum & Natural Resources for sheer dedication and hard work to materialising the dream of energy-sufficient Pakistan.
No doubt, Petroleum E&P Policy 2012 reflects the far-sightedness of visionary leadership and its credit goes to democratic regime. It would, however, be unfair not to acknowledge the efforts and contributions of seasoned professionals, who have been a part of this ministry and have worked day and night to give a dependable and a futuristic E&P policy.
Exponential role of local and global E&P players cannot be ruled out. The wheel of progress, even mere substance, cannot turn without being fuelled. Against this backdrop, Pakistan, for the last many years, has been suffering from an energy crisis triggered by multiple factors. With supply-demand gap widening every day, national and international E&P organisations have assumed greater significance. The role of the organisation, as such, is critical when it comes to securing energy future of Pakistan.
We are given the task to frame policies, while those policies have to be executed and implemented by the organisations and their employees. As we endeavour to bring energy on the fast track through long-term reforms after years of turmoil owing to our peculiar security dynamics and calamity factor. We surely rely on our main energy players to act. Stronger and steadier E&P companies surely mean a lot to us.
Petroleum E&P Policy 2012 would definitely prove beneficial for the on going and upcoming projects of OGDCL with the local and global E&P players. Due to changing scenario, Government of Pakistan would offer new exploration concession blocks for sale to attract investment potential. Resultantly it would also bring heavy Foreign Direct Investment (FDI) in Pakistan.
I look forward to the Ministry of Petroleum & Natural Resources taking the lead for defining the future of Pakistan's energy sector, and assure that OGDCL as country's leading E&P company would translate the dream of an energy-sufficient Pakistan into reality by implementing Petroleum Exploration & Production Policy 2012.
Under the newly announced Petroleum Exploration & Production Policy 2012, OGDCL is fully geared to achieve the targets
OGDCL Exploration Portfolio
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EXPLORATION BLOCKS
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PROVINCE OGDCL Non
Operated Operated
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Punjab 07 -
Sindh 09 -
Balochistan 10 -01
KPK 05 02
Offshore 03 04
Total 34 07
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LEGEND
Drilling Activities
Seismic Acquisition
SEISMIC OPERATION
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Crew Area Mode
SP-1 Bitrisim 3D
SP-2 Fim Kassar 2D
SP-3 Dakhni 2D
SP-4 Multan North 2D
SP-5 Chanda-Mela 3D
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Ongoing Projects
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Projects Location Expected Completion
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Kunnar Pasakhi - Tando Hyderabad, PHASE-I Completed
Allahyar (KPD & TAY) Sindh PHASE-II (Interim) May 2013
Integrated PHASE-II February 2014
Development Project
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Sinjhoro Sanghar, PHASE-I September, 2012
Sindh PHASE-II March, 2013
(Includes production of Phase-I)
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Uch-II Dera Bugti, February, 2014 (CDD) for Power Generation
DEVELOPMENT Project Balochistan to produce 404 MW of electricity
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Jhal Magsi Jhal Magsi, December, 2013*
Development Project Balochistan * Subject to SSGCL ability of laying the
85 Kms pipeline
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Mela Development Project Kohat, KPK December, 2013
LPG Plant
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Nashpa Development Project Karak, KPK January, 2014
LPG Plant
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Raw Gas (MMSCFD) Expected Prod Capacity
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Sales Gas Oil LPG
(MMSCFD) (BPD) (MTD)
110 PHASE-I: 100 1500 120
PHASE-II: 125
150 (Interim):
PHASE-II: 150 3600 290
Total*: 375 5100 410
20 Sales Gas Oil LPG
(MMSCFD) (BPD) (MTD)
PHASE-I: 16 1400 50
11 PHASE-III: 9 1600 70
Total: 25 3000 120
240 Sales Gas: 160 MMSCFD @ 450 BTU/SCF
16.5 Sales Gas: 15 MMSCPD @ 934 BTU/SCF
25 Sales Gas: 22.6 MMSCFD @ 950 BTU/SCF
LPG 108 MTD Condensate 7500 bbls/ day
Sales Gas: 73 MMSCFD @ 940 BTU/SCF
79 LPG: 257 MTD
Condensate: 16800 bbls/ day
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--- Phase-II production includes from Phase-I & Phase-II interim ** Upon completion of Phase-II, contract with JJVL for processing of gas under Phase-I will be terminated and the entire field production will be processed through Phase-II facilities.
FUTURE ROADMAP
New Business Model by OGDCL
-- To develop OGDCL stranded fields
-- Acquire oil assets overseas
-- Transfer of technology
-- International E&P exposure of OGDCL
-- OGDCL Board has approved Farm-in/Farm-out Policy
-- Looking for international partnership for Farm-in/ Farm-out Proposal
-- Hiring of international consultants for acquiring assets internationally / small size company buyout
OGDCL at a Glance
-- OGDCL's net sales increased to Rs 197.839 billion compared to Rs 155.631 billion in the corresponding period last year.
-- Net profit before taxation increased to Rs 133.083 billion compared to Rs 90.982 billion in the corresponding period last year
-- Net profit after taxation (NPAT) increased to Rs 96.906 billion compared with Rs 63.527 billion in the corresponding period of preceding year translating into an earnings per share of Rs 22.53.
-- Net profit margin increased to 49% against 41% in the preceding year.
-- Dividend per share increased to Rs 7.25 compared with Rs 5.50 during the last year.
-- Average net realised price of crude oil sold was US $84.91/bbl as against US $72.05/bbl during corresponding period last year.
-- Average net realized price for natural gas sold was Rs 228.56/Mcf as against Rs 214.03/Mcf during corresponding period last year.
-- 2,589 L. Kms of 2D and 654 Sq. Kms of 3D seismic acquisition completed.
-- 17 new wells including seven (07) exploratory / appraisal wells and ten (10) development wells were spudded.
-- Two (2) new Significant oil & gas discoveries namely Nashpa -2 (Nashpa E.L) and Zin-X-1 (Zin E.L).
Net: Crude Production of 41,445 BOPD
Net: Gas Production of 1,015 MMCFD
Net: LPG Production of 240 MTPD
Net: Sulphur Production of 60 MTPD
OIL & GAS DEVELOPMENT COMPANY LIMITED
www.ogdcl.com.pk Fuelling the Future
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