Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange that Mr. Ahmed Hayat Lak has been appointed as Managing Director of the Company with effect from February 23, 2023 in place of Syed Khalid Siraj Subhani.
Oil and Gas Development Company Limited (OGDCL), was incorporated on 23 October 1997. The Company was established to undertake exploration and development of oil and gas resources, including production and sale of oil and gas and related activities formerly carried on by Oil and Gas Development Corporation. The nature of business of the Company is exploration and production of Oil and Gas / Hydrocarbons.
The total number of shares are 4,300,928,400. The Earnings per shares is 23.27 in 2020 which was 27.53 in 2019. The Profit After Taxation is 100,081,671,000 in 2020 which was 118,385,788,000 in 2019.