Oil and Gas Development : OGDCL ANNUAL REPORT 2025

PIONEERING ENERGY FRONTIERS

The theme "Pioneering Energy Frontiers"encapsulates OGDCL's unwavering commitment to driving exploration, innovation, and sustainable energy development. It reflects the Company's core role in Pakistan's energy security through relentless exploration of untapped reserves, adoption of cutting-edge technologies, and strategic diversification into new geographies and energy domains.

The cover design complements the theme by portraying a forward-looking energy landscape

- one shaped by ambition, adaptability, and progress. The visual language subtly captures the balance between legacy and transformation, resonating with the spirit of continuous advancement that defines the year's strategic direction.

CONTENTS

The Energy to Evolve	05		Statement of Value Addition	72
Company Profile	06		Share Price Sensitivity Analysis	73
Corporate Information	14		Investor Relations	74
Notice of Annual General Meeting	16		Relationship and Engagement with Stakeholders	75
Highlights of the Year	18		Human Resource	78
Calendar of Major Events	20		Managing Director's Review	87
Vision, Mission	22		Chairman's Review	90
Core Values and Goals	23		Directors' Report	94
Code of Conduct	24		Awards and Recognitions Conferred	116

Board Statement on Ethics and Compliance Commitment

27 Health, Safety, Environment, and Quality 120

Governance Framework 28

Sustainability and Environment 128

Profile of Board of Directors 32

Committees of the Board 40

Principal Risks/Uncertainties and Mitigation Measures

Risk Management Policy and Business Continuity Plan

136

138

Attendance of the Board and Committee Meetings and Remuneration

43 Information Technology 140

Organizational Chart 44

Strategies to Achieve Corporate Objectives 46

Strategy and Resource Allocation 47

Core Management Team 50

Risk and Opportunity Report 52

SWOT Analysis 53

Exploration Licenses 54

Development and Production/Mining Leases 57

Movement of Net 2P Estimated Reserves 61

Geographical Presence 62

Six Year Performance 64

Comments on Six Year Performance 67

Targets for Fiscal Year 2025-26 67

Vertical and Horizontal Analysis 68

Review Report to the Members 142

Statement of Compliance 143

Financial Statements

• Independent Auditors' Report 153

• Statement of Financial Position 158

• Statement of Profit or Loss 160

• Statement of Comprehensive Income 161

• Statement of Changes in Equity 162

• Statement of Cash Flows 163

• Notes to the Financial Statements 164

  Consolidated Financial Statements

• Independent Auditors' Report 259

• Consolidated Statement of Financial Position 264

• Consolidated Statement of Profit or Loss 266

• Consolidated Statement of Comprehensive Income 267

• Consolidated Statement of Changes in Equity 268

• Consolidated Statement of Cash Flows 269

• Notes to the Consolidated Financial Statements 270

70

Pattern of Shareholding	363
Categories of Shareholders	368
Directors' Report (Urdu)	404
Abbreviations	405
Form of Proxy
Entry Card

Analysis of Variation in Results Reported in Interim Reports

Dupont Analysis 71

BRIDGING EXPLORATION WITH INNOVATION