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.
View Top Employees from Oil & Gas Development Company Limited - Official PageWebsite | https://ogdcl.com/ |
Ticker | OGDC |
Revenue | $1.62 billion |
Employees | 3,175 (3,175 on RocketReach) |
Founded | 1960 |
Address | Plot No.3 Jinnah Ave Blue Area, Islamabad Gpo, Federal Capial &AJK 44000, PK |
Phone | +92 51 9209811 |
Fax | +92 51 2623113 |
Industry | Oil and Gas, Electricity, Oil & Gas, Energy, Utilities & Waste Treatment, Energy, Natural Resources |
Web Rank | 634922 |
Keywords | Ogdcl, Ogdcl Jobs, Ogdc, Ogdcl Job Ads, Ogdcl Jobs 2019 |
Competitors | Frontera Energy Corp., Hilcorp, Medco E&P Indonesia, N.V. Turkse Perenco, Noble Energy |
SIC | SIC Code 131 Companies, SIC Code 13 Companies |
NAICS | NAICS Code 2131 Companies, NAICS Code 22 Companies, NAICS Code 213 Companies, NAICS Code 21311 Companies, NAICS Code 21 Companies, NAICS Code 213111 Companies |
Looking for a particular Oil & Gas Development Company Limited - Official Page employee's phone or email?
The Oil & Gas Development Company Limited - Official Page annual revenue was $1.62 billion in 2024.
3,175 people are employed at Oil & Gas Development Company Limited - Official Page.
Oil & Gas Development Company Limited - Official Page is based in Islamabad Gpo, Federal Capial &AJK.
The NAICS codes for Oil & Gas Development Company Limited - Official Page are [2131, 22, 213, 21311, 21, 213111].
The SIC codes for Oil & Gas Development Company Limited - Official Page are [131, 13].