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Oil and gas reserves found in Sindh

Discovery made by OGDCL in Tando Muhammad Khan

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May 14, 2019

 

Petroleum ministry invites Exploration & Production companies to tap Shale gas, oil potential

ISLAMABAD: Ministry of Petroleum and Natural Resources has invited local and international Exploration and Production (E&P) companies to tap massive Shale gas and oil reserves identified in a study carried out in collaboration with USAID. Accordingly, the ministry has established a Shale gas and oil centre to facilitate interested companies in knocking the recently compassed…

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August 16, 2017

 

OGDCL confident to meet drilling 31 new wells’ target

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) is confident to achieve its target of drilling 31 new wells set for the current financial year. “Under the target, the company has to dig 31 wells in all province and it will hopefully be achieved by end of June this year,” official sources in the company…

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January 24, 2016

 

Dar says PTI sit-in set back OGDC selloff

ISLAMABAD: The Pakistan government on Wednesday blamed opposition street protests for a slump in a state-owned oil company's share price that forced a part sell-off to be shelved. The government decided to hold back the auction of 10 percent of shares in the Oil and Gas Development Company Limited (OGDCL), which manages Pakistan's sizeable oil…

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November 12, 2014

 

Govt denies OGDCL denationalization

ISLAMABAD: State Minister for  Privatization, Muhammad Zubair Friday clarified that government was not privatizing Oil and Gas Development Company  (OGDCL), as divesting some of the company's shares could not be  termed as privatization. Addressing a press conference here, the minister said even after off-loading 10 percent shares, the  government would still be the majority shareholder,…

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November 7, 2014

 

Oil reserves struck in Sindh

ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL) has discovered new oil fields in Tando Allah Yar,  Sindh, Samaa reported. This is the second oil discovery within a short span of two months. The oil giant, in a statement issued said that reserves were discovered in its exploratory, Jarwar Well #01 in NIM Block….

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November 5, 2014

 

Minister says no plan to privatize OGDCL

ISLAMABAD: State Minister for Parliamentary Affairs, Sheikh Aftab, on Friday informed the National Assembly that the government has no plan to privatize Oil and Gas Development Company Limited (OGDCL) and no employee would be laid off. Responding to various points of orders raised by the opposition members, he said that neither OGDCL was being privatized nor…

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October 31, 2014

 

Opposition enraged over privatisation 'plan'

ISLAMABAD: Lawmakers belonging to opposition parties staged a walkout from National Assembly for the second consecutive day today (Friday) to lodge their protest against PML-N government’s privatisation policy as well as torture on Oil & Gas Development Company Limited (OGDCL) employees in Islamabad, Samaa reported. The joint opposition members took the decision at a meeting…

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October 31, 2014

 

Names mailed to PM Sharif for OGDCL interim MD’s appointment

Staff ReportISLAMABAD: A summary comprising three names has been mailed to Prime Minister Nawaz Sharif for appointment of interim MD of the OGDCL, SAMAA reports.The Ministry of Petroleum has mailed the summary to the Prime Minister with names of Basharat Mirza, Muhammad Riaz Khan, and Zahid Farhani for appointment of caretaker MD of the OGDCL,…

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July 25, 2013

 

Ex-PM Gilani refuses to appear before NAB in OGDCL case

Staff ReportMULTAN: Former prime minister Syed Yousuf Raza Gilani on Monday refused to appear before the National Accountability Bureau (NAB) in OGDCL case. The NAB had summoned the former premier to answer questions regarding appointment of Adnan Khawaja as the OGDCL chief. In response, Gilani argued that he was immune from any such appearance under…

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December 10, 2012

 

No educational criteria for OGDCL top seat: NAB’s Agha

Staff ReportISLAMABAD: The Supreme Court (SC) may issue an interim verdict in National Reconciliation Ordinance (NRO) Implement Case, which is being heard today.A five-member special bench headed by Justice Asif Saeed Khan Khosa and comprising Justice Ejaz Afzal Khan, Justice Ijaz Ahmed Chaudhry, Justice Gulzar Ahmed and Justice Muhammad Ather Saeed.Presenting to the apex court…

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January 10, 2012

 

OGDCL vehicle attacked in Nasirabad; 2 dead

OGDCL vehicle attacked in Nasirabad; 2 deadStaff ReportNASIRABAD: At least two people were killed and seven others injured in a bomb attack on a vehicle of Oil and Gas Development Company Limited (OGDCL) on Thursday.Unidentified miscreants attacked OGDCL's vehicle with explosives near Dera Jamali Bypass in Nasirabad, killing two and injuring seven others.Relief activities kick…

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July 21, 2011

 

Over 60 OGDCL’s workers arrested in Islamabad

Staff ReportISLAMABAD: More than sixty workers of the Oil and Gas Development Company Limited (OGDCL) were arrested here while they were staging a protest against non-payment of salaries for last four months, SAMAA reported.Protesting employees took over the office of Managing Director (MD) and raised slogans against the high-ups at the company.380 employees suspended in…

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April 21, 2011

 

Employees attack, occupy OGDCL’s MD's office in Islamabad

Staff ReportISLAMABAD: Hundreds of annoyed, protesting employees attacked the head office of Oil and Gas Development Company Limited (OGDCL) and occupied its Managing Director’s (MD) office here on Wednesday.According to details, more than 200 OGDCL employees attacked the company's head office and surrounded the MD's office, chanting loud slogans against the management.These angry employees launched…

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April 20, 2011

 

Restored OGDCL employees yet to get their salaries

Staff Report KARACHI: The Oil and Gas Development Company Limited (OGDCL) has refused to pay salaries to its 216 reinstated employees. According to reports, the restored employees were not paid their salaries for past four months. Affected employees have a lodged a complaint with Petroleum Secretary and Manpower Ministry, complaining against the OGDCL’s decision to…

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April 11, 2011

 

OGDCL submits bid with PPL for BP Pakistan assets

KARACHI: Pakistan's biggest listed firm, the Oil and Gas Development Co. Ltd. (OGDCL) (OGDC.KA: Quote), on Thursday said it has submitted a joint bid with Pakistan Petroleum Ltd (PPL) (PPL.KA: Quote) for BP's (BP.L: Quote) assets in Pakistan. OGDCL spokesman Basharat Mirza said the bid was submitted but he did not elaborate. BP announced its…

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December 9, 2010

 

Newly appointed MD OGDCL resigns

Staff Report ISLAMABAD: The newly appointed Managing Director of Oil and Gas Development Company Ltd. (OGDCL), Adnan Khwaja, resigned from his post, five days after his appointment, SAMAA learnt Thursday. Adnan Khwaja was appointed by Prime Minister Yousuf Raza Gilani last week as the Managing Director of OGDCL. He did not have any prior experience…

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September 16, 2010

 

OGDCL fails to meet production target

Staff Report KARACHI: The Oil and Gas Development Corporation Limited (OGDCL) failed to meet its production target for oil and gas in the previous fiscal year, said sources Wednesday. In a report sent to the Ministry of Petroleum and Natural Resources, the OGDCL admitted that in FY 2008-2009, the target of digging 50 wells for…

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September 16, 2009

 

OGDCL issues list of defaulters

Staff Report ISLAMABAD: The Federal Ministry for Petroleum forwarded a list of the defaulters of Oil and Gas Development Company Limited (OGDCL) to the Finance Ministry on Friday. The list includes several public and private companies. According to the list, the Sui Southern Gas Company Ltd. owes the OGDCL Rs 200 million, while the Attock…

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July 10, 2009

 
 
 
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