Professional Documents
Culture Documents
Directors Report
Directors Report
385.615
Appropriations
Transfer to capital reserves
(0.850)
Final Dividend
(11.828)
(8.602)
(8.602)
(9.677)
(38.709)
346.056
Directors Report
Production 2013-14
Production 2013-14
Directors Report
Hole drilling to load dynamite for seismic acquisition, district Karak, KPK.
Discoveries
Production
ANNUAL REPORT - 20 14 | 3 5
Directors Report
Development Projects
Unit of
Measurement
FY
2013-14
FY
2012-13
Crude oil
41,330
40,101
Gas
1,173
1,108
Directors Report
ANNUAL REPORT - 20 14 | 3 7
Directors Report
Adhi D&PL
Pindori D&PL
Offshore Block-G
Badar Field
Directors Report
Miano D&PL
Mr. Muhammad Rafi, Managing Director & CEO, OGDCL receiving Corporate Excellence Award on behalf of the Company.
Awards Conferred
Corporate Excellence Award
Directors Report
Board of Directors
Director
Director
Director
Director
Director
Director
MD & CEO
Mr. Saif Ullah Chattha replaced Mr. Babar Yaqoob Fateh Muhammad
on 5 August 2014
** Mr. Muhammad Yawar Irfan Khan replaced Syed Masieh-ul-Islam
on 17 July 2014
Chairman
Directors
Zahid Muzaffar
Abid Saeed
Saif Ullah Chattha*
Iskander Mohammad Khan
Hamid Farooq
Chairman
Director
Director
Director
Director
Directors Report
Corporate Governance
ANNUAL REPORT - 20 14 | 4 1
Directors Report
Rs 26,573 million
Rs 3,112 million
Auditors
Pattern of Shareholding
Directors Report
Industrial Relations
ANNUAL REPORT - 20 14 | 4 3
Directors Report
Education
Health
Directors Report
Energy Conservation
ANNUAL REPORT - 20 14 | 4 5
Directors Report
Strategic Risk
Commercial Risk
Directors Report
Reserves Risk
Operational Risk
Directors Report
Competitive Risk
Future Outlook
Directors Report
5 August 2014
(Zahid Muzaffar)
Islamabad Chairman
Acknowledgement
ANNUAL REPORT - 20 14 | 4 9
Directors Report
As of 30 June 2014
MMBOE
Numbers
Operated Production Fields
45
Oil
21
Gas
10
Gas Condensate
14
100
Exploration Licenses
68
Assets Summary
Fields
Net 2P Reserves
(MMBOE)
Gas
(%)
75
100
56.45
100
100
100
56.45
30-100
153.0
111.0
145.0
30.3
7.3
7.9
5.8
333.6
793.9
99
100
39
93
10
3
60
84
80
601
40
10,568
1,078
3,522
2,302
1,192
12,990
32,293
339
230
36
42
6
226
879
27.76
50
20
50
15-52
56.8
19.2
11.3
53.9
4.0
145.2
939.1
62
99
100
66
70
71
78
4,789
57
3,097
1,094
9,037
41,330
80
73
68
19
55
294
1,173
Operated Fields
Qadirpur *
Uch *
Nashpa *
Dakhni Gas/Condensate
Kunnar *
Tando Alam Oil Complex
Mela
Others
Total Operated
Non-Operated Fields
Tal
Kadanwari
Bhit & Badhra
Adhi
Others
Total Non-Operated
Grand Total
* Major Fields
Qadirpur
Uch
Nashpa
Kunnar
Working Interest
(%)
Main Customers
SNGPL, Engro Power, Liberty Power
Uch Power Limited
ARL, PARCO, BYCO, SNGPL
Enar Petroleum Refining Facility
Production by Province
2013-14
Crude Oil
Gas
Total
Directors Report
Operated Fields:
- Nashpa: 26% (10,568 barrels per day)
- Kunnar Oil Field: 9% (3,522 barrels per day)
Non-Operated Fields:
- Tal Block: 12% (4,789 barrels per day)
Net Sales
Crude Oil
Gas
LPG
Sulphur
Gasoline
Kerosene
Other Operating
Revenue
Net Sales
Petroserv Directorate
Rs in Million
2011-12 2012-13 2013-14
104,205 115,184 133,629
87,278 104,361 117,774
5,552
3,413
4,958
517
334
493
149
41
97
74
160
Operated
Working
Interest (%)
Partners
KPD-TAY
100.00% KPD
77.50% TAY
GHPL (22.50%)
4,000
130
410
Uch II
100.00%
30
Nashpa-Mela
56.45%
PPL (28.55%)
GHPL (15.00%)
1,120
10
340
Sinjhoro
62.50%
1,600
120
Jhal-Magsi
56.00%
15
Project
GHPL (22.50%)
OPL (15.00%)
POL (24.00%)
GHPL (20.00%)
Total Operated
Non-Operated
6,720
194
870
2,000
25
125
Adhi JV
50.00%
PPL (39.00%)
POL (11.00%)
Tal JV
27.76%
PPL (27.76%)
POL (21.05%)
GHPL (15.00%)
MOL (8.42%)
65
Kirthar JV
20.00%
ENI (40.00%)
PKP KP (28.00%)
PKP KIR (6.00%)
KPK KIR II (6.00%)
18
2,000
108
125
Total Non-Operated
Comments
Expected completion in December 2014 and phase-I already
completed
One of the largest development projects including 15 gas and
condensate fields with $434 million total gross capex
Expected completion in September 2014
Further development with 36 wells drilled
$188 million total gross capex
Expected completion in November 2015
Consultant engaged for designing of facilities
$198 million total gross capex
Expected completion in October 2014 and phase-I already completed
$64 million total gross capex
Expected completion in December 2014
$25 million total gross capex
Expected completion in August 2015
Drilling of 6 additional wells is planned with gross capex of $104
million
Expected completion of Manzalai compression facility is by the end
of 2015 with gross capex of $4.6 million
Expected completion of Manzalai compression facility to service the
other fields is by the end of 2016 with gross capex of $75 million
Total incremental recovery projected at 122.3 Bcf is by the end of
2022
Expected first increase in production by 2020
Bhit Compression phase-II project involves compression facilities at
10 well sites with gross capex of $57.3 million
Total incremental recovery projected at 53.9 Bcf is by the end of
2022
ANNUAL REPORT - 20 14 | 5 1