OGDCL Company Description
The corporate name spells out what this company does. Oil & Gas Development Company Limited (or OGDCL) is Pakistan's largest oil and gas exploration and production company. OGDCL's products include gas, crude oil, and LPG. The company's exploration activities are performed both on its own and through joint ventures, some of which the company operates; OGDCL explores both within and outside of Pakistan, as well as offshore. Its proved reserves account for 37% of Pakistan's oil reserves (159.2 million barrels) and 32% of the country's natural gas reserves (10.9 trillion cu. ft.). OGDCL was founded by Pakistan's government in 1961. In 2007 the government owned 85% of the company.
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The Company Description provides a historical perspective of OGDCL's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of OGDCL's evolution in the marketplace.
