OGDCL Goals & Core Values

Core Values

Merit
Integrity
Team Work
Safety
Dedication
Innovation

Goals Financial

Build strategic reserves for future growth/expansion

Growth and superior returns to all stakeholders
Double the value of the company in the next five years.
Make investment decisions by ranking projects on the basis of best economic indicators
Maximize profits by investing surplus funds in profitable avenues
Reduce cost and time overruns to improve performance results.

Customers

Continuously improve quality of service and responsiveness to maintain a satisfied customer

base.

Improve reliability and efficiency of supply to the customer

Be a responsible corporate citizen

Learning & growth

Motivate our work force, and enhance their technical, managerial and business skills through

modern HR practices.
Acquire, learn and apply state-of-the-art technology.
Emphasize organizational learning and research through effective use of knowledge

management systems.
Fill the competency gap within the organization by attracting and retaining best

professionals.
Attain full autonomy in financial and decision making matters.

Internal Processing Goals

Evolve consensus through consultative process inter-linking activities of all departments

Excel in exploration, development and commercialization
Be transparent in all business transactions
Synergize through effective business practices and teamwork
Have well-defined SOPs with specific ownerships and accountabilities
Improve internal business decision making and strategic planning through state-of-the-art
MIS

Improve internal controls

Periodic business process reengineering.

OGDCL Vision

To be a leading multinational Exploration and Production Company.

OGDCL 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.
Company History
Prior to OGDCL
Prior to OGDCL's emergence, exploration activities in the country were carried out by
Pakistan Petroleum Ltd. (PPL) and Pakistan Oilfields Ltd. (POL). In 1952, PPL discovered a
giant gas field at Sui in Balochistan. This discovery generated immense interest in
exploration and five major foreign oil companies entered into concession agreements with
the Government.
During the 1950s, these companies carried out extensive geological and geophysical
surveys and drilled 47 exploratory wells. As a result, a few small gas fields were discovered.
Despite these gas discoveries, exploration activity after having reached its peak in mid1950s, declined in the late fifties. Private Companies whose main objective was to earn profit
were not interested in developing the gas discoveries especially when infrastructure and
demand for gas was non-existent. With exploration activity at its lowest ebb several foreign
exploration contracting companies terminated their operation and either reduced or
relinquished land holdings in 1961..

Establishment of OGDC
To revive exploration in the energy sector the Government of Pakistan signed a long-term

loan Agreement on 04 March 1961 with the USSR, whereby Pakistan received 27 million
Rubles to finance equipment and services of Soviet experts for exploration. Pursuant to the
Agreement, OGDC was created under an Ordinance dated 20th September 1961. The
Corporation was charged with responsibility to undertake a well thought out and systematic
exploratory programme and to plan and promote Pakistan's oil and gas prospects.
As an instrument of policy in the oil and gas sector, the Corporation followed the Government
instructions in matters of exploration and development. The day to day management was
however, vested in a five-member Board of Directors appointed by the Government. In the
initial stages the financial resources were arranged by the GOP as the OGDC lacked the
ways and means to raise the risk capital. The first 10 to 15 years were devoted to
development of manpower and building of infrastructure to undertake much larger
exploration programmes.

Initial Successes
A number of donor agencies such as the World Bank, Canadian International Development
Agency (CIDA) and the Asian Development Bank provided the impetus through assistance
for major development projects in the form of loans and grants. OGDC's concerted efforts

were very successful as they resulted in a number of major oil and gas discoveries between
1968 and 1982. Toot oil field was discovered in 1968 which paved the way for further
exploratory work in the North. During the period 1970-75, the Company reformed the
strategy for updating its equipment base and undertook a very aggressive work programme.
This resulted in discovery of a number of oil and gas fields in the eighties, thus giving the
Company a measure of financial independence. These include the Thora, Sono, Lashari,
Bobi, Tando Alam & Dhodak oil/condensate fields and Pirkoh, Uch, Loti, Nandpur and Panjpir
gas fields which are commercial discoveries that testify to the professional capabilities of the
Corporation.

Transition to a self financing entity

Noting the Company's success, due to major oil and gas discoveries in the eighties, the

Government in July 1989, off-loaded the Company from the Federal Budget and allowed it to
manage its activities with self generated funds.
The financial year 1989-90, was OGDC's first year of self-financing. It was a great challenge
for OGDC. The obvious initial target during the first year of self-financing was to generate
sufficient resources to maintain the momentum of exploration and development at a pace
envisaged in the Public Sector Development Programme (PSDP) as well as to meet its debt
servicing obligations. OGDC not only generated enough internal funds to meet its debt
obligations but also invested enough resources in exploration and development to increase
the country's reserves and production.

Conversion into Public Limited Company

Prior to 23 October 1997, OGDCL was a statutory Corporation, and was known as OGDC
(Oil & Gas Development Corporation). It was incorporated as a Public Limited Company
w.e.f. 23 October 1997 and is now known as OGDCL (Oil & Gas Development Company
Ltd).

Initial Public Offering

Government of Pakistan disinvested part of its shareholding in the Company in 2003. Initially
2.5% of the equity with an additional green-shoe option upto 2.5% of equity was offered to
the general public. The said Offer received an overwhelming response from the general
public and was recorded as a landmark transaction in the history of Pakistans capital
markets.

GDR
In December 2006, the Government of Pakistan divested a further 10% of its holding in the
company. The Company is now listed on the London Stock Exchange since December 06,
2006.

OGDCL Goals & Core Values

Core Values

Merit

Integrity
Team Work
Safety
Dedication
Innovation

Goals Financial

Build strategic reserves for future growth/expansion

Growth and superior returns to all stakeholders
Double the value of the company in the next five years.
Make investment decisions by ranking projects on the basis of best economic indicators
Maximize profits by investing surplus funds in profitable avenues
Reduce cost and time overruns to improve performance results.

Customers

Continuously improve quality of service and responsiveness to maintain a satisfied customer

base.

Improve reliability and efficiency of supply to the customer

Be a responsible corporate citizen

Learning & growth

Motivate our work force, and enhance their technical, managerial and business skills through

modern HR practices.
Acquire, learn and apply state-of-the-art technology.
Emphasize organizational learning and research through effective use of knowledge

management systems.
Fill the competency gap within the organization by attracting and retaining best

professionals.
Attain full autonomy in financial and decision making matters.

Internal Processing Goals

Evolve consensus through consultative process inter-linking activities of all departments

Excel in exploration, development and commercialization
Be transparent in all business transactions
Synergize through effective business practices and teamwork
Have well-defined SOPs with specific ownerships and accountabilities
Improve internal business decision making and strategic planning through state-of-the-art
MIS

Improve internal controls

Periodic business process reengineering.

Business Strategy
Our primary objective as a leading Exploration and Production (E&P) Company in Pakistan is to
enhance our reserves and production profile and, ultimately, to maximise value for our shareholders.
In order to achieve this goal, we are seeking to execute the following strategic goals:

Accelerate Production Growth: We plan to continue increasing production growth, which will
allow us to utilise our significant reserves base and capitalise on the economic growth and energy

demand in Pakistan. More specifically, we plan to increase our average net gas production from
1,173 MMscfd in FY 2014 to 1,311 MMscfd in FY 2015; and our average net oil production from
41,330 bpd in FY 2014 to 44,732 bpd in FY 2015.
We intend to achieve this goal through our on-going projects, and increased capital expenditure on new development projects which will create a
foundation for long-term growth. We are committed to fast tracking completion of our on-going development. To support that we are planning to
increase the number of rigs that we contract from third parties to supplement those we currently own and hire. We believe that these activities will
enhance our production capacities. We expect to achieve total average production of 283,096 boepd in FY 2015, an 11% increase compared to FY
2014, when we achieved total average production of 254,603 boepd. This anticipated increase is primarily a result of our main development projects.

Exploit Exploration Opportunities: Our exploration-led growth strategy is based on increasing

our resource portfolio of large exploration assets and pursuing an early commercialisation of
development projects in order to enhance our production growth. In FY 2014, we added 29 new
licences across the country to our exploration portfolio and completed eight exploration and
appraisal wells and nine development wells. For FY 2015, we have set targets for drilling of at least
19 exploration and appraisal wells, and 16 development wells. Our achieving this target is
dependent on a number of factors, including the security situation in the area where the well is to be
drilled, our acquisition of necessary land rights in a timely manner, and other factors. The Company
has drilled three wells so far during the current FY 2015. We also plan to significantly increase our
efforts in seismic survey, utilising the latest technology, in order to build upon our existing technical
understanding of our sizable exploration acreage. In particular, we plan to increase our 2D and 3D
onshore seismic surveys in FY 2015 to 2,745 L. kms and 2,075 sq. kms, respectively (of which 1,550
L. kms and 420 sq. kms respectively, are contingent on our evaluation of the need and potential
value of additional data).While our exploration activities to date have been predominantly onshore,
we are also increasingly focusing on offshore exploration, which presents large unexplored
opportunities. Our offshore programme involves working with new and existing strategic partners.
Historically this has allowed us to increase our in-house technological know-how and share
associated costs and risks in exploration projects. We recently commissioned CGG, the geosciences
firm, to conduct a study of two offshore exploration licences, and are currently reviewing their report.

Pursue International Opportunities: We aim to pursue growth both organically and through
selective international acquisitions, maintaining flexibility under differing market conditions. We
intend to build upon our technical and operational expertise in order to increase our chances of
capitalising on new opportunities outside Pakistan. We also intend to use the knowledge of our
producing and exploration assets in exploring geologically similar fields in the Middle East, North
Africa and Central Asia regions. This selective acquisition-led growth will be supported by the
financial and transactional experience of our senior management and will focus on those
international opportunities that involve high-quality assets in our target basins with value growth
potential.

Strive to implement International Best Practice: We strive to implement international best

practices which seek to bring about an efficient organizational structure and business processes that

are focused on production. The Company has established an in-house technical services division,
the Petroserv Directorate, which separates technical support services from core E&P activities. In
addition, we strive to follow international best practice for the maintenance and quality control of our
equipment to ensure uninterrupted and safe operations. We continuously monitor and evaluate our
performance focusing on continuous improvement in areas, such as safety of operations, reliability
and efficiency and security of our personnel. We are also subject to various environmental
regulations imposed both by the Government of Pakistan and provincial governments, which monitor
and enforce rules regarding environmental, health and safety compliance.

Maintain High Shareholder Returns: We aim to maintain the attractive returns we have been
able to deliver to our shareholders over the long-term. Our well-established position within the oil
and gas sector in Pakistan and our track record for project delivery have enabled us to provide
shareholders with stable and growing earnings per share and attractive returns on capital. Although
we expect a short-term decrease in our after-tax profit margins as a result of increased E&P
expenditure, based on the Companys successful track record in efficient operations and achieved
production growth, we believe that we will be able to retain our financial performance and maintain
the current levels of shareholder returns.

Board of Directors
MR. ZAHID MUZAFFAR
Chairman Board

Mr. Zahid Muzaffar has over 36 years of diversified experience in energy sector, in both
upstream and downstream oil and gas operations, including transportation of gas via
terrestrial piplines as well as liquefied natural gas (LNG). Mr. Muzaffar has developed
successful working relationships with investors, business professionals, financiers and
government officials internationally, particularly those resident in the Far East, South Asia,
the Middle East and North Africa. He has been involved in securing valuable deal flows and
business opportunities for leading international companies. Mr. Muzaffar has served on the
board of directors of London and Scottish Marine Oil plc in Pakistan and many other
international E&P and refining companies. He headed the acquisition of the largest oil
refining company in the Mediterranean, (RAs LANUF Refinery Libya). Mr Muzaffar was

appointed as a board member of the new entity LIBYAN EMIRATES oil Refinery Company
(LERCO) as well as various initiatives on behalf of Middle Eastern groups in connection with
the privatization of assets in different countries in the energy sector. He was also responsible
for setting up a joint venture consortium for Spanish and Turkish oil and gas companies for a
cross-country gas pipeline and LNG terminal in Turkey.
Mr. Muzaffar holds a Bachelor of Economics from the University of the Punjab, Pakistan and
has attended various management courses at the College of Petroleum Studies and St.
Catherines College, Oxford, U.K., and the Edwin H. Cox School of Business at Southern
Methodist University, Dallas Texas, U.S.A., WENTWORTH Consultants, HUDDERSFIELD
UK.He has also attended High Performance Board Prgram at IMD, Switzerland.

Mr. Arshad Mirza

Director

Mr. Arshad Mirza, Secretary, Federal Ministry of Petroleum and Natural Resources

is a career civil servant. After doing his M.Sc. (Public Administration) from Quaide-Azam University, Islamabad in 1981, he joined civil service of Pakistan (District
Management Group) in the year 1983. He has held various positions in the
Federal as well as Provincial Governments and District Administration.
He has served as Secretary, Works and Services, Secretary Health Department, Additional

Secretary, Finance Department and Additional Secretary Planning and Development

Department in the Government of Khyber Pukhtun Khawa.
In the Federal Government he was posted as Joint Secretary, Ministry of Finance and
Revenue (PMSP Wing), Islamabad in May 2005. Served in Prime Ministers Secretariat,

ERRA and Environment Division. Elevated to the post of Additional Secretary and worked in
Finance Division and Water & Power Division.
He joined National Defence University for higher training and obtained M.Sc. degree in
Defence and Strategic Studies in 2009. He visited different countries i.e. Philippines, USA,
Sri Lanka, Egypt, UK, Kazakhstan and Korea to attend workshops, trainings, seminars and
conferences. He attended advance professional courses in institutions like University of
Manchester UK, University of Connecticut USA and Harvard University USA.

He joined Ministry of Petroleum and Natural Resources on 22 _nd July, 2013 as

Additional Secretary. He assumed the charge of the Federal Secretary on
January 23, 2015. He also served as Managing Director, Pakistan Petroleum
Limited (PPL), Government Holding Pvt Ltd (GHPL) and Hydrocarbon
Development Institute of Pakistan (HDIP). He is ex-officio Member on the
Board of PPL and PARCO.

Saif Ullah Chattha

Director

Mr. Saif Ullah Chattha is a career civil servant. He is at present the Chief Secretary of
Balochistan. Mr. Chattha holds a Bachelor of Arts degree from Government College, Lahore
and Bachelor of Law degree from Punjab University, Law College, Lahore. Mr. Chattha has
significant experience of Public Administration. He has served as Assistant Commissioner,
Sui (Dera Bugti), Sibi and Usta Mohammad; as Deputy Secretary to the Chief Minister of
Balochistan; as Deputy Commissioner of Jafarabad and Loralai; as Deputy Secretary to the
Chief Minister of Punjab; as Additional Secretary of Agriculture of Punjab; as Deputy
Commissioner of Bhakkhar, Multan and Jhelum; and as Secretary of the Mines and Minerals
Department of Punjab. He has also served in the Federal Government as Principal Staff
Officer to the Prime Minister of Pakistan; as Counsel General of Pakistan in Montreal,
Canada; as Chief Secretary of Gilgit Baltistan; as Additional Secretary at the Ministry of
Communications; and as Secretary of Water and Power.

Muhammad Yawar Irfan Khan

Director

Mr. Muhammud Yawar Irfan Khan holds a Masters in Business Administration and is the Chairman of the
Irfan Group of Companies which includes Famous Brands Pvt Ltd and Irfan Foods Pvt Ltd. He serves as
Chairman of the Asifa Irfan Foundation Trust, a family-run charity organisation. He is a board member of
both the Pakistan School of Fashion Design, Lahore and the Government Chuna Mandi College for Women,
Lahore, and is a Life Member of the South Asian Association for Regional Cooperation (SAARC) on behalf
of the Chamber of Commerce and Industry. Previously, he served as a Director of the Lahore Transport
Company, as Chairman of the Chief Minister of Punjabs Task Force for Industrial Development, and as
Managing Director of the Punjab Small Industries Corporation.

Mr. Iskander Mohammed Khan

Director

Mr. Iskander Mohammed Khan is a Director of the Premier Group of Companies, including Premier Sugar
Mills & Distillery Company Limited, Frontier Sugar Mills & Distillery Limited, Chashma Sugar Mills Limited,
Arpak International Investments Limited and other non-listed subsidiaries of the Premier Group. He served
as Chairman of the All Pakistan Sugar Mills Association between 2000 and 2004, Chairman of the Pakistan
Polypropylene Woven Sack Manufacturers Association, Chairman of the All Pakistan Sugar Mills Association
(KPK) from 2005 to 2006, Director of the ISE in 2005 and was a member of the Managing Committee of the
Federation of Pakistan Chambers of Commerce and Industry from 2005 to 2006. Mr. Khan holds a degree in
Law and Chartered Accountancy.

MR. HAMID FAROOQ

Director

Mr. Hamid Farooq is Chief Business Development Officer at the Pakistan Telecommunication
Company Limited. He has 28 years of senior general management experience including 15
years of financial management in leading complex commercial and technical environments.
Mr. Hamid Farooq is also Chairman of the Board of Directors at Microfinance Bank Ltd. He
has served as Managing Director, MENA Region at Catalyst Managerial Services, CEO of
Warid Telecom, Executive Vice President, CFO and Company Secretary of Mobilink, Chief
Accountant and Administrator at Canadian Occidental Petroleum, Head of Accounts and
Operations at Petro Canada, and Country Finance Manager at DHL/ TCS. Mr. Farooq is a
certified financial consultant and holds a Diploma in Financial Consulting and an M.B.A. He
trained as an accountant with PricewaterhouseCoopers in Pakistan and obtained a Bachelor
of Commerce degree. He is also a Certified Director (training and programme), certified
through the Securities and Exchange Commission of Pakistan.
SAYED SHAFQAT ALI SHAH
Director

Sayed Shafqat Ali Shah is Managing Director of Matiari Sugar Mills Ltd and CEO of Matol
(Pvt) Limited. He is a Member of the Economic Advisory Council (EAC) of Government of
Pakistan. He has been on the Board of Directors of the National Bank of Pakistan and a
member of the National Commission on Government Reforms. He had also served in the
past as Federal Minister for Agriculture, Food and Livestock, an Advisor and Minister under
several different portfolios in the Government of Sindh. He has taught International Relations
at the University of Sindh and the University of Virginia. He has also led, and been a
member, of various national and international bodies and institutions. He holds a Ph.D. in
Foreign Affairs from the University of Virginia, a Master of Arts in Foreign Affairs from the
University of Virginia, a Master of Arts in Political Science and a B.Sc. in Chemistry and
Zoology from the University of Sindh.

MR. ZAFAR MASUD

Director

Mr. Zafar Masud is the Director and Co-Founder of Burj Capital, which is represented in
Pakistan by Burj Capital Pakistan (Private) Limited, a global corporate finance and advisory
house with a specific focus on the energy sector, particularly alternate energy and power. Mr.
Zafar Masud is a member of the Central Board of the State Bank of Pakistan, having been
appointed in March 2013 for a three year term. He is the Chairman of the Publications
Review Sub-Committee and a member of the Human Resource and Nomination SubCommittee as well as the Investment Sub-Committee of the Board. In the past he had also
served as Managing Director/Head of Southern Africa at Barclays Bank plc, Dubai Islamic
Bank Pakistan Limited, Citigroup and American Express Bank. Mr. Zafar Masud obtained his
M.B.A. in Banking from the Institute of Business Administration, Karachi and a Bachelor of
Commerce from the Hailey College of Commerce, University of the Punjab, Lahore.

Muhammad Ali Tabba

Director

Mr. Muhammad Ali Tabba is Chief Executive of Lucky Cement Ltd, a member of the Yunus
Brothers Group, which holds diversified interests in textiles, energy, chemicals, cement and
other construction related sectors. Muhammad Ali Tabba also heads Yunus Textile Mills, a
home textiles unit with subsidiaries in the U.S.A., Europe, Canada and France. He also
serves as Vice Chairman on the Board of Directors of ICI Pakistan. Mr. Tabba also sits on
the Board of Governors at several universities, institutions and foundations. He also runs the
Aziz Tabba Foundation which works extensively in education, health and housing. The
foundation also operates a kidney centre and a state-of-the art cardiac hospital. The World

Economic Forum has bestowed the title of Young Global Leader on Mr. Tabba, recognizing
his outstanding services and commitment to the social development sector in Pakistan.

MR. RAHMAT SALAM KHATTAK

Director

Mr. Rahmat Salam Khattak holds a Bachelor of Arts degree from the University of

Peshawar. Mr. Khattak was elected District Nazim of Karak and performed functions as
executive head of the district management and the council. He is well abreast with the
problems being faced by E&P sector in Pakistan. As District Nazim he successfully
managed & resolved long outstanding local issues of E&P companies operating in
District Karak. He has also been associated with education and founder of first modern
management sciences institute in Peshawar, the first of its kind in the province designed
to equip young business managers with modern management skills. He served as Chief
Executive of the Institute of Management and Computer Sciences Peshawar; Hayatabad
Science College Peshawar and Chief Executive of the Shenghar Children Academy
Karak. Besides education sector, Mr. Khattak established a construction company and
managed its operations. He also served in Saudi Arabia and Habib Bank Limited in
various capacities.

PRINCE AHMED OMAR AHMEDZAI

Director

Prince Ahmed Omar Ahmedzai belongs to the khan of the Kalat Family of Balochistan. He is
the Executive Director of Agha Techny Construction, a planning and project administration

firm, working on infrastructure projects at Gwadar. He is also the sole proprietor of Dynamic
International, a construction firm and a Director/Executive of Dynamic Traders (Pvt) Ltd. He
graduated from the University of Balochistan in Political Science. He is a member of the
Quetta Chamber of Commerce and the Gwadar Chamber of Commerce.

MR. ZAHID MIR

MD/CEO/COO

Mr. Zahid Mir is a Petroleum Engineer with over 27 years experience in the oil and gas
industry with assignments relating to onshore and offshore operations having been involved
at a senior level in all stages of upstream operations. He has strong HSE background,
extensive experience as an oil and gas commercial negotiator and business developer,
strategy, joint ventures and license management, new ventures, economic evaluations,
mergers and acquisitions.

Mr. Zahid Mir had significant exposure to field operations including production, project
development, development planning, conceptual engineering and operational support.
During the performance of his functions, he closely interacted with oil and gas producers
both in Pakistan and United Kingdom like Shell Exploration Pakistan B.V., Premier
Exploration Pakistan Limited, Premier-Kufpec Pakistan B.V., Premier Oil Pakistan and
Premier Oil U.K.

He has done his B.Sc. in Petroleum Engineering in 1986 from University of Engineering and
Technology Lahore and Masters in Business Administration (MBA) from Preston University,
Islamabad.

Mr. Zahid Mir

Managing Director/Chief Executive Officer.

Mr. Zahid Mir is a Petroleum Engineer with over 28 years experience in the oil and gas
industry with assignments relating to onshore and offshore operations having been involved
at a senior level in all stages of upstream operations. He has strong HSE background,
extensive experience as an oil and gas commercial negotiator and business developer,
strategy, joint ventures and license management, new ventures, economic evaluations,
mergers
and
acquisitions.
Mr. Zahid Mir had significant exposure to field operations including production, project
development, development planning, conceptual engineering and operational support.
During the performance of his functions, he worked with different companies both in Pakistan
and United Kingdom like Oil & Gas Development Company Limited, Shell Exploration
Pakistan B.V., Premier Exploration Pakistan Limited, Premier-Kufpec Pakistan B.V., Premier
Oil
Pakistan
and
Premier
Oil
U.K.
He has done his B.Sc. in Petroleum Engineering in 1986 from University of Engineering and
Technology Lahore and Masters in Business Administration (MBA) from Preston University,
Islamabad.

Mr. Irteza Ali Qureshi

Chief Financial Officer

Mr.Irteza Ali Qureshi is a UK qualified Chartered Accountant with over 23 years of proven
track record in developing business strategies and delivering results, value creation, turning
around loss making operations, organizational alignment & restructuring, developing
organizational capability and infrastructure, acquisitions and business development.
Mr. Irteza started his career with PriceWaterhouse Coopers, London in 1991 and has held
senior management positions in the fields of General and Financial Management with The
Coca-Cola Company, Al Ghurair Group, Tapal Tea and Kansai Paint. Mr. Irteza brings
withhim diverse experience in areas of operations, finance, audit, consultancy, treasury and
business development and valuable work experience in United Kingdom, UAE, Thailand, Sri
Lanka and Iran.

Mr. Masood Nabi

Executive Director (Joint Venture)

Mr. Masood Nabi joined the Company in 2009. He is serving as Executive Director (Joint
Ventures and Business Development) since 2013. From 2012 to 2013, he served as
Executive Director (Human Resources) and from 2009 to 2012 served as Executive Director
(Joint Ventures). He holds an M.B.A. from the Wharton School, University of Pennsylvania,
U.S.A., and a B.Sc. in Electrical Engineering and a B.Sc. in Economics from the
Massachusetts Institute of Technology, U.S.A. Before joining the Company, Mr. Nabi was a
senior investment banker.

Dr. Mohammad Saeed Khan Jadoon

Executive Director (Exploration)

Dr. Muhammad Saeed Khan Jadoon joined the Company in 1993 as Senior Reservoir
Engineer. Since then, he held various positions in the company as Manager Reservoir
Engineering, General Manager and Director Oil and Gas Institute of Science & Technology.
Currently he is holding the position of Executive Director (Exploration) since 2013. He has
more than 22 year of diversified experience of Exploration, Reservoir Management and Field
Development. He holds a Ph.D. and DIC in Petroleum Engineering from Imperial College,
University of London, U.K., M.Sc. in Petroleum Geology from the University of Peshawar
Pakistan. He is an author of 30 technical papers on Exploration, Production, Reservoir
Management & Field Development and participated in number of National and International
Conferences. He served as Chairman of the Society of Petroleum Engineers Pakistan from
2010-2012. He also served as member of the peer review committee for the Journal of
Reservoir Engineering and Formation Evaluation Published by SPE International, USA in
2008. He is on the editorial Board of Pakistan Journal of Hydrocarbon Research and Journal
of Himalayan Earth Sciences, University of Peshawar. He is member Board of Studies of
Petroleum Technology, University of Karachi, Earth Sciences COMSAT Abbottabad. He is

also member of Corporate Advisory Committee and Curriculum Review Committee for MS
Program in Energy Systems Engineering, National University of Science and Technology
(NUST), Islamabad.

Mr. Ahmed Hayat Lak

Company Secretary / General Manager (Legal Services)

Mr. Ahmed Hayat Lak joined the Company in 2011. He holds an LL.M. from the University of
Wolverhampton and a Bachelor of Law (Hons.) degree from the University of London, U.K.
Since 2011, he is serving as Company Secretary and General Manager (Legal Services). He
previously served in Pakistan Oilfields Limited as head of their Corporate and Legal Services
Department. He also worked in the National Accountability Bureau as Advisor to the
Chairman and as Consultant in the Office of the Prosecutor General.

Ms. Shabina Anjum

General Manager (Corporate Affairs/External Communication)

Ms. Shabina Anjum joined the Company in 1983. She is currently serving as General
Manager (Corporate Affairs/ External Communication).She has also served as General
Manager (Supply Chain Management), General Manager (OGTI) and General Manager
(Industrial Relations). She holds an M.B.A. in Marketing from Quaid-e-Azam University,
Islamabad and a Bachelor of Arts degree from St. Josephs College, Karachi. She is the focal
point for CEDAW (Convention on the Elimination of Discrimination against Women) and the
officially designated focal person for women, minorities and special people in the Company.
She is also Editor in-Chief of the Companys quarterly newsletter Talaash.

Mr. Rashid Mahmud

General Manager (PE & FD)
Mr. Rashid Mahmud joined the Company in 1982. He is serving as General Manager (PE
and FD) since 2012. He holds a B.Sc. in Petroleum and Gas Engineering from the University
of Engineering and Technology Lahore.

Mr. Amjad Saeed Yazdanie

General Manager (Joint Venture and Business Development)
Mr. Amjad Saeed Yazdanie joined the Company as an Assistant Engineer in 1982. He is
serving as General Manager (Joint Ventures) since 2012. He holds an M.Sc. in Petroleum
Engineering from the University of Southern California, U.S.A. and a B.Sc. in Petroleum
Engineering from the University of Engineering and Technology, Lahore.

Mr. Muhammad Aslam Khan Niazi

AED (Services)
Mr. Muhammad Aslam Khan Niazi joined the Company as Senior Engineer (Process) in
1993. He holds a B.Sc. in Engineering (Chemical) from University of Engineering and
Technology, Lahore. He has served as Executive Director (Production) since 2013. From
2012 to 2013 he also served as Acting Executive Director (Services) and General Manager
(Supply Chain Management).

Mr. Bashir Ahmed

General Manager (Geological Services)
Mr. Bashir Ahmed joined the Company in 1982. He is serving as General Manager
(Geological Services) since 2012. He holds an M.Sc. in Physics from the University of
Punjab and a B.Sc. in Physics and Maths from the University of Punjab.

Mr. Muhammad Ayaz

General Manager (Internal Audit /Chief Internal Auditor)
Mr. Muhammad Ayaz joined the Company in 1982. He is serving as General Manager
(Internal Audit) since 2012. He holds a Bachelor of Arts degree from the University of Punjab,
Lahore. He is a qualified Management Accountant and is a Fellow of the Institute of Cost and
Management Accountants of Pakistan.

Mr. Khan Alam

AED (Petroserv)
Mr. Khan Alam joined the Company as Assistant Geologist in May 1985. He is currently
serving as GM I/C (Petroserv) since 28/12/2015. He has also served as General Manager
(Edu & Research) and as General Manager (HR-Operations) since 2012. He holds an M.Sc.
in Structural and Petroleum Geology from the University of the Punjab, Lahore.

Mr. Muhammad Amjad Ehsan

General Manager (Materials)

Mr. Amjad Ehsan joined the Company in 1984 as Instructor, Production. He holds a B.Sc. degree in
Metallurgical Engineering from the University of Engineering and Technology Lahore. He is serving as
General Manager (Material) since December 2015. He also served as Acting General Manager (Projects) in
2013.

Mr.Imran Shaukat Ali Khan

General Manager (Process & Plants)
Mr. Imran Shaukat Ali Khan joined the Company in 1987. He is serving as General Manager
(Process and Plants) since 2012. He holds a M.Sc. in Mechanical Engineering (Thermal

System) from the University of Engineering and Technology, Taxila and a B.Sc. in Mechanical
Engineering from the University of Engineering and Technology, Lahore.

Syed Ahmad Naeem

General Manager (Geophysical Services)
Mr. Ahmad Naeem joined the Company in 1982. He is serving as General Manager
(Geophysical Services) since August 2014. He holds an M.Sc. in Geophysics and a B.Sc in
Geology from the University of the Punjab., Lahore.

Mr. Arshad Malik

AED (HR/Admin)
Mr. Arshad Malik joined the Company as Assistant Engineer in June 1985. He holds
aBachelor degree in Petroleum and Gas Engineering from the University of Engineering and
Technology, Lahore.He was serving as General Manager (Human Resource) since 2013 and
effective from 18/12/2015, he has been assigned the charge of GM I/C (HR/Admin).

Mr. Tahir Mahmood Qureshi

General Manager (Training & Development)
Mr. Tahir Mahmood Qureshi joined the Company in 1982. He also serving as General
Manager (Training and Development) since 2013. Within this role, he also has responsibility
for the Oil & Gas Institute of Science & Technology. He holds a B.Sc. in Petroleum
Engineering from the University of Engineering and Technology, Lahore. He has completed
advanced certificate courses in Petroleum Engineering at the University of Tulsa, Oklahoma
U.S.A. and the Northern Alberta Institute of Technology, Canada.

Mr. Ali Ahmad Farooqui

General Manager (Systems)
Mr. Ali Ahmed Farooqui joined the Company in 1979. He is serving as General Manager
(Systems) since 2013. He holds an M.Sc. in Physics with Electronics and a B.Sc. in Science,
both from the University of Balochistan, Quetta. He is a certified hardware engineer from the
National Institute of Public Administration, Pakistan.

Dr. Naseem Ahmad

AED (Production)
Dr. Naseem Ahmad joined the Company in 1984. He is serving as General Manager
(Production) since December 2012. He holds a Ph.D. in Petroleum Engineering from
Imperial College, London, U.K., an M.Sc. in Petroleum Engineering from the University of
Texas at Austin, U.S.A. and a B.Sc. in Petroleum Engineering from University of Engineering
& Technology Lahore, Pakistan.

Mr.Ashraf Anis

General Manager (Projects)

Mr. Ashraf Anis joined OGDCL in 1985 as a Process Engineer. He is serving as General
Manager (Projects) since 1 July 2014. From 2013 to 2014, Mr. Anis also served as Acting
General Manager (E&R). He holds an M.Sc. in Petroleum Refining and Petro Chemical
Engineering from the Institute of Petroleum and Gas, Ploiesti, Romania.

Dr. Syed Ahmad Nadeem

General Manager (Commercial)
Dr. Syed Ahmad Nadeem joined the Company in 1991. He holds a PhD in Fuel Technology
from the University of Leeds, U.K. and a Bachelors Degree in Chemical Engineering with
specialization from the University of Punjab Lahore. He is currently serving as General
Manager (Commercial). He has also served as General Manager (Process and Plants).

Abdul Rauf Khajjak

General Manager (Corporate Social Responsibility)
Mr. Abdul Rauf Khajjak joined the Company in 1985. He holds a B.Sc. in Petroleum and Gas
Engineering from the University of Engineering and Technology, Lahore. He is also
serving as General Manager (Corporate Social Responsibility).

Lt. Col. (R) Tariq Hanif

General Manager (Security)
Lt. Col. (R) Tariq Hanif joined the Company on 6th April 2015. He holds a Bachelor of Arts
degree in Political Science from University of Peshawar. Besides other military courses, he
has done intelligence staff course from school of Military Intelligence and Information
Operations course from British High Commission. He has served on many intelligence
appointments in various intelligence agencies and has actively participated in counter
terrorism operations. He has also been decorated with Tamgha-e-Imtiaz.
OGDCL Fields

Sindh

Punjab

Balochistan

Tando Alam (Oil)

Lashari (Oil)

Fimkassar (Oil)
Missa Keswal (Oil)

Loti (Gas)
Uch(Gas)

Thora (Oil)

Toot (Oil)

Pirkoh (Gas)

Sono (Oil)

Chak Naurang (Oil)

Missan (Oil)

Kal (Oil)

Pasakhi (Oil)

Rajian (Oil)

KPK

Bobi (Gas/ Condensate)

Bahu (Gas)

Qadirpur (Gas)

Nandpur/Panjpir (Gas)

Kunnar/Kunnar Pasakhi Deep(Gas/Condensate)

Dakhni (Gas/Condensate)

Norai Jagir(Gas/Condensate)

Dhodak (Gas/Condensate)

Daru(Gas/Condensate)

Sadqal (Gas/Condensate)

Hundi/Sari(Gas)
Sinjhoro (Gas/Condensate)
Nur (Gas/Condensate)

Bagla (Gas/Condensate)
Maru-Reti Gas Field
Sari (Gas Field)

Sindh

Tando Alam (Oil Field)

The Company has a 100 percent interest in the Tando Alam Oil Field, which is located in the
Hyderabad District of Sindh province and is approximately 150 kilometers north-east of
Karachi in the Lower Indus Basin. First exploratory well (i.e. Tando Alam Well No. 1 as an oil
producer) was drilled and completed in May 1984.The field was placed on regular production
by OGDCL on 13th Oct 1984.

Thora/ Thora East, North, Deep (Oil Field)

The Thora oil field is located at distance of 15 km from Hyderabad, Sindh. The field was discovered in
August, 1987 by drilling first exploratory well i.e. Thora #01. Subsequently the field was developed and
delineated through the drilling of a total of five wells during the period August, 1987 to January, 1989. Later
02 Deep wells were also drilled in Thora Field from 2006-2008. These wells are included in KPD-TAY project
The field occurs within the Lower Indus sub-basin lying on the southern Sindh platform.

Sono (Oil Field)

Sono Oil field is located at a distance of 25 Kms in the north east of Hyderabad city and about 04 Kms away
from Tando Alam Oil complex. First exploratory well was drilled and completed in Feb. 1988. A total of 05
wells were drilled up to 1990. Sono well # 1 was brought on regular production in May 1988. Later 03 wells
were further added after reviewing the structure. Presently all the producing wells are on artificial lift.

Bobi (Gas/ Condensate Field)

Bobi gas/condensate field is located at 25 kilometers in south of District Sanghar and 85 km
north-east of Hyderabad city in Sindh province. Bobi well # 1 was the first exploratory well
drilled and completed as gas / condensate producer in May 1988. Total of 12 wells have
been drilled till now. Extended production testing was carried out on Bobi wells in order to
obtain reservoir parameters and estimation of reserves. Bobi Gas Condensate Field is a part
of Second Oil and Gas Development Project funded by Asian Development Bank amounting
to US $ 52.00 million out of which US $ 20.1 million was allocated for the development of
Bobi field. Condensate fractionating facilities along with gas-recycling system was installed
and field was declared as Oil Complex in 2002.

Daru (Gas/ Condensate Field)

Daru structure is located in Tando Muhammad Khan District of Sindh province at a distance
of 53 km from Tando Alam Oil Complex. First exploratory well was drilled in December 1988
and was tested as gas/condensate producer. The field was put on regular production in
October 1999. Presently all wells of Daru Gas field are shut in

Kunnar/ Kunnar Pasakhi Deep (Gas/ Condensate Field)

Kunnar gas/condensate field is located in the Hyderabad District at a distance of about 26 Kilometers from
Hyderabad city. First exploratory well i.e. Kunnar well No. 1 was drilled and completed in Nov, 1987. In order
to obtain reservoir data, extended production tests were conducted on Kunnar wells. OGDCL has a 100
percent working interest in the Kunnar Gas/ Condensate Field. The field was placed on regular production in
December 1991. Production from Kunnar Deep Wells (Phase-I) has been started from February 11, 2012. .

Pasakhi/ Pasakhi North, North East/ Pasakhi Deep, West (Oil Fields)

OGDCL has a 100 percent working interest in the Pasakhi Oil Field which is located at a distance of 19 km
in the east of Hyderabad city. The Pasakhi-oil field was discovered in 1989. The first exploratory well i.e.
Pasakhi well No. 1 was drilled and completed in Aug. 1989. The well was brought on regular production on
Oct. 4, 1989.

Missan (Oil Field)

The field is located at a distance of 13.5 km in the south east of Tando Allah Yar city. The
field was discovered in June 1998 and was brought on regular production in Aug, 1998.

Qadirpur (Gas Field)

The Qadirpur gas field is currently our largest operated gas producing field, accounting for 34%, 32% and
29% of our net gas production for FY 2012, FY 2013 and FY 2014, respectively. The field is located 8 kms
from Ghotki, 70 kms to the north east of Sukkur and 100 kms to the east of Jacobabad in Sindh province.
Discovered in March 1990, it is a joint venture between the Company, KUFPEC Pakistan B.V., PKP
Exploration Ltd (Premier Oil), PKP2 Exploration Ltd (KUFPEC) and Petroleum Pakistan Limited, each
holding 75%, 8.5%, 4.75%, 4.75% and 7% respectively. Gas production on this field commenced in
September 1995 after the installation of gas gathering facilities and processing plants. Of the 65 wells that

have been drilled at this field, 53 are currently producing wells. Five have been abandoned, five are shut-in
and two are water disposal wells. For FY 2014-15, average net daily production at this field was 287 MMscfd
of gas. The fields main customers are Sui Northern Gas Pipeline Company Limited, Engro Powergen
Limited and Liberty Power Limited.

Norai Jagir (Gas/ Condensate Field)

The Norai Jagir property is part of the Nim Exploration Licence and is a joint venture of OGDCL and
Government Holding Private Limited. OGDCL has a 95 percent working interest in the Nim E.L. Nim E.L. is
located in the Tando Muhammad Khan district of the Sindh province. Norai Jagir #01 was drilled by OGDCL
in 2002 as an exploratory well. Norai Jagir is being produced at Daru Central facility.

Hundi (Gas Field)

The Hundi field was discovered in 1970 by Hundi #01 well which was shut-in in during 1988 after having
produced 147 MMcf of natural gas from the Ranikot G zone and 9,678 MMcf from the Ranikot E zone. Three
more wells were drilled from 1971 and 1975. Hundi #02 has been abandoned, Hundi #03 is producing from
the Ranikot A zone and Hundi #04 is completed in the Ranikot C zone.

Sari (Gas Field)

The Sari Field is located 64 kilometres east of Karachi and covers approximately 60 square kilometres. It
was discovered in 1965 with the drilling of well Sari #01, which tested gas from the Upper Ranikot A and B
zones. A total of five wells have been drilled in the area wherein currently Sari #3 is producing from lower
Ranikot.

Bagla (Gas/ Condensate Field)

Bagla is located at a distance of about 150 KMs in the east of Karachi in Thatta Exploration block of Sindh
Province and about 45 KMs from Badin. The Field can be approached through Badin Sajawal metallic
road. Phillips Petroleum Exploration Limited discovered Bagla # 01 in December 1998 however well had to
be plugged & abandoned due to gas oozing at surface. Later OGDCL drilled/completed Bagla# 02 as gas
condensate producer.

Nur (Gas/ Condensate Field)

Nur Gas Field is located about 05 KMs from Bagla Gas Field. Drilling of Nur # 01 was completed in June
1991 by OGDCL followed by Production testing. Gas / Condensate were discovered in Lower Goru
Formation. After installing well head surface facilities and amine plant, commercial production has been
started w.e.f Jan 23, 2013.

Sinjhoro (Gas/Condensate Field)

The Sinjhoro field is located in district Sanghar of Sindh Province. The Sinjhoro E.L covering an area of
179.31 Sq.Km (approx) was awarded to joint venture of OGDCL (62.5%), OPL (15%) & GHPL (22.5%) with
effect from Dec 29, 1999 for the initial term of ten years. Sinjhoro development consists of a number of small
fields discovered in proximity of each other with in the Sinjhoro Exploration License: Baloch, Chak-2, Chak63, Chak-63SE, Chak-66, Chak-66NE, Chak-7, Hakeem Daho, Lala Jamali and Resham. SinjhoroGas Field

is currently producing with full potential having 3000 BPD oil, 30 MMCFD gas and 101 MTD of LPG. The tiein of 14 wells of Sinjhorohas been completed while tie-in of 01 well is underway.

Lashari Center/Lashari South/Moolan(Oil Fields)

Lashari Oil Field is located at a distance of 25 Kms in the east of Hyderabad city. The well Lashari Center #
1 was drilled in April 1988 and was brought on production in November 1988. Lashari Centre is part of a
larger structural feature which includes Lashari Centre, Lashari East and Lashari South. For the purpose of
economic analysis, Lashari Centre and Lashari East is treated as same hydrocarbon bearing and producing
entity.

Maru - Reti (Gas Field)

The field is located in district Ghotki and approximately 150 Kms from Sukkhur. As part of Guddu Exploration
License which is a joint venture of OGDCL (57.76 %), SPUD PETRO (SEPL) 10.66 %, IPR (9.08 %) and
GHPL carried (22.50 %). Out of 06 wells drilled in the area so far, all are gas producers. The untreated gas
form Maru RetiField is being sold to M/s Engro Fertilizer at Maru-1 gas gathering facility.

Punjab

Toot (Oil Field)

The Toot area is an oil field located in the Punjab province approximately 75 miles south-west of Islamabad.
The discovery well, originally called Toot #01, was drilled under Russian supervision during 1968.

Nandpur/ Punjpir (Gas Field)

Nandpur gas field is situated about 70 km north-east of Multan in Punjab province. The field
was discovered in 1984. The regular supply of low BTU gas around 50 MMSCFD started in
May 1999 to M/s. FKPCL for power generation of 144 MW. Panjpir Gas field is situated about
45 km from Kabirwala district Khanewal. The regular production from Panjpir was started in
March 2000.

Missakeswal (Oil Field)

Missa Keswal Oil Field is located at a distance of about 60 Kms in the south-east of Islamabad. The field
was discovered in June 1991 and came on regular production from December 1992.

Chak Naurang (Oil Field)

The Chak Naurang Oil Field is located at a distance of about 90 Kms in the south-west of Islamabad. The
field was discovered in June 1986 and came on regular production from July 1987. Chak Naurang is a joint
venture with M/s. POL, OGDCL & POL shares are 85% and 15% respectively.

Sadqal (Gas/ Condensate Field)

The Sadqal Gas Condensate field is located at a distance of 40 Kms in the southwest of
Islamabad. The field was discovered in April 1992 and regular production started on 30th
June 1993.

Bahu (Gas Field)

Bahu field is situated about 130 km from Multan in Punjab province. The field was discovered in Feb-2006.
The supply of low BTU gas to FKPCL around 17 MMCFD was started on Feb 04, 2011 through interim
arrangements.

Rajian (Oil Field)

The Company has a 100 percent working interest in the Rajian oil field located in the Gujar Khan E.L. 50
miles south of Islamabad and 19 miles from Sohawa town. Currently there are six producing heavy oil wells
on the Company acreage. The field was discovered and came on regular production in August 1994.

Fimkassar (Oil Field)

The Fimkassar field is located approximately 75 kilometers southwest of Islamabad. To-date five wells have
been drilled. In 1981, Texas Gulf Oil Company drilled Fimkassar # 01X. Hydrocarbon shows were identified
in the Chorgali and upper part of the sakessar. The well was abandoned and then handed over to OGDC.
OGDC then re-entered Fimkassar-1 (originally called FMK # 1x) in 1989 and sidetracked it. Oil was found in
commercial quantity and subsequently the well was completed in the lower Sakessar.

Kal (Oil Field)

The Kal Oil Field is located at a distance of about 100 Kms in the south-east of Islamabad. The field was
discovered in June 1995 and came on regular production from August 1995. The Kal structure lies in Gujar
Khan Exploration License and is located eight kilometers, south-west of Rajian Oil Field. The first discovery
well Kal #01 was drilled in February 1995.

Dhodak (Gas/ Condensate Field)

The Dhodak Gas Condensate field is located in the tribal area of Dera Ghazi Khan, 55 km away from
Taunsa Sharif and about 230 km in north-west of Multan. The field was discovered in December, 1976. The
field was brought on regular production in Dec 1994 after the installation of processing plant at Baharwali. It
is the first Gas Condensate discovery in OGDCL.

Dakni (Gas/ Condensate Field)

The Dakhni gas condensate field is located 135 kms south west of Islamabad. The field was discovered in
February 1983 and came on regular production in December 1989. Gas produced at this field contains 6%
to 7% hydrogen sulphide. We have installed the facilities to extract liquefied petroleum gas (LPG), sulphur
and carbon dioxide to produce pipeline-quality gas from raw gas. Of the 19 total wells drilled at this field,
seven have been deemed producing wells and three are shut in, with the remainder being dry and
abandoned. For FY 2014-15, average net daily production from this field was 750 bpd of condensate, 28
MMscfd of gas, 09 Mtpd of LPG and 52 Mtpd of sulphur. Natural gas produced from this field is being
supplied to Sui Northern Gas Pipeline Company Limited.

Loti (Gas Field)

Balochistan

The field is located at a distance of 55 km north west of Sui gas field, district Dera Bughti in Baluchistan
Province. Loti gas field was discovered in March 1985. Regular production started in Nov. 1989.

Uch (Gas Field)

The Uch gas field accounted for 18%, 15% and 20% of our net gas production for FY 2012, FY 2013 and FY
2014, respectively. The field is located 60 kms from the Sui gas field in the Dera Bugti District, Balochistan
Province. The field was discovered in 1955, and the first well was drilled and abandoned due to the high
percentage of carbon dioxide present. Three separate structures have been identified at the Uch gas field,
namely North Western, Central and South Eastern, having calorific values.

Pirkoh (Gas Field)

The field was discovered with the drilling of the Pirkoh-01 well in October, 1975 through December, 1977.
The development that followed was preceded by extensive seismic work and subsurface structural mapping
prior to the drilling of well #02 on August, 1981. This second well was a three-mile stepout from the original
discovery. Subsequent development wells #02A and #03 confirmed the discovery as commercial. From 1982
through 1988, 25 wells were drilled in a region measuring 4.5 miles north-south and 10.2 miles east-west.
Since 1988 development drilling has increased the total well count to 57 including two wells, which failed to
reach the projected depth

KPK

Chanda (Oil Field)

Chanda field is located in Shakardarra area in District Kohat of the Khyber Pakhtunkhwa province at a
distance of about 70 KMs from Kohat city. Chanda oil field, the first ever discovery of Hydrocarbons in
Khyber Pakhtunkhwa, was brought on to stream and it started production from 17 July, 2004. Chanda LPG
plant was also installed in October 2006 producing 25-45 M.tons per day of LPG. The field has added a new
dimension to petroleum exploration in the province. It is a joint venture between OGDCL (72%), Government
Holdings (Private) Limited (17.5%) and Zaver Petroleum (10.5%). First Well Chanda-l was discovered in Nov
1999 and second well was drilled in 2000. Being the first ever discovery in Khyber Pakhtunkhwa, start of
regular commercial production from Chanda field marked an important milestone, which generated revenues
in the form of royalty and GST for Khyber Pakhtunkhwa from oil and gas production.

Mela (Oil Field)

The Mela oil field was discovered by the Company in September 2006 and is located in Kohat district of KPK
province, at Shakardara. This is a joint venture field between the Company, Government Holdings (Private)
Limited (GHPL) and Pakistan Petroleum Limited (PPL). The Company is the operator of the field, and the
working interests are: PPL (28.55%), GHPL (15%) and the Company (56.45%). All three of the wells drilled
at this field are currently producing. For FY 2014-15, average net daily production at this field was 1,152 bpd
of oil and 5.65 MMscfd gas.

Nashpa (Oil Field)

Nashpa Oil Field was discovered in September 2009 and it is located in the Karak district of KPK province at
a distance of about 40 kms from Kohat city. The field, for which the Company is operator, is a joint venture
between Pakistan Petroleum Limited (28.55%), Government Holdings (Private) Limited (15%) and the
Company (56.45%). All four of the wells drilled at this field are currently producing. A fifth well, Nashpa X-5,
is currently being drilled. For FY 2014-15, average net daily production at the field was 11,703 bpd of oil and

44.40 MMscfd of gas. The fields main oil customers are Attock Refinery Limited, Pak-Arab Refinery Limited
and Byco Petroleum Pakistan Limited; the main gas customer is Sui Northern Gas Pipeline Company
Limited.

Future Outlook of OGDCL

During the last five decades, OGDCL has covered significant distance. It has braved myriad

challenges to endorse its position in the industry today, such as earning the coveted status of
a self-sustaining and self-reliant organization, and embracing a progressive corporate
culture. No wonder today, OGDCL has attained the benchmark position as an industry
leader, in the Pakistan E&P industry. OGDCL has a strong vision and passion to contribute to
the development of the Countrys E&P sector and to enhance energy security of Pakistan.
With a formidable presence in the length and breadth of the country, OGDCL is looking
beyond geographical boundaries for E&P opportunities. Efforts are continuing towards
formulation of Joint Ventures with leading E&P companies both within the country and
abroad.
OGDCL has a highly significant role to play in narrowing the yawning divide between

demand and supply of energy in Pakistan. As we step forth to embrace this daunting
challenge, we do it with vision and commitment. We have a futuristic business strategy in
place, which seeks to promote and protect the interests of all stakeholders-employees,
shareholders, partners, communities and people.
The Company, equipped with its Strategic Business plan in line with augmenting energy
supply in the Country, has developed strategies to optimize reserves additions and its
production base. With technical prowess in onshore exploration and production, the
Company has changed focus to a more challenging area i.e. offshore exploration and tight
gas reservoirs. OGDCL is actively participating in national bid rounds for acquiring more
acreages and gearing to participate in International bidding rounds to work towards
international presence in line with its Vision. OGDCL also intends to enhance its reserves
and to focus on, and strengthen core business (E&P) functions by incorporating international
best practices and innovative thinking in Company culture. In addition, the Company is
enhancing corporate goodwill through focused CSR initiatives for the benefit of the
communities that OGDCL interacts with.

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