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HomeBusinessOIL & GAS DEVELOPMENT CO EARNINGS CONTRACT 19%/7%; BETTANI FIELD EXPANSION PLANNED

OIL & GAS DEVELOPMENT CO EARNINGS CONTRACT 19%/7%; BETTANI FIELD EXPANSION PLANNED

ISLAMABAD: Oil & Gas Development Company Limited (OGDC) ne apne analysts briefing session mein financial results aur outlook discuss kiye. Company ne FY25 aur 1QFY26 ke liye earnings mein 19% / 7% ka contraction report kiya, jo ke production curtailments aur low oil prices ki wajah se hua.

Company ke mutabiq, ongoing production curtailments ab bhi volumes par pressure daal rahe hain, lekin LNG cargo diversion ke recent updates curtailment levels ko kam karne mein madadgar sabit ho sakte hain, aur iska impact zyada April 2026 ke baad nazar aayega.

OGDC ke Bettani field mein teen completed wells se 33–35 MMCFD gas aur 2,600 barrels oil per day ki production potential hai. Company ne plan banaya hai ke agle 3–5 saalon mein deep-well drilling aur additional appraisal & development activities ke zariye field ke full potential 70–100 MMCFD tak unlock kiya ja sake.

Analysts ke mutabiq yeh initiatives long-term production growth aur revenue recovery mein key role ada karenge.

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