ISLAMABAD -  The sales revenue of OGDCL remained Rs. 257 billion with annual growth of 15pc. Profit after tax for the first time in the history of OGDCL surpassed to Rs. 100 billion reached to record level of Rs 134 billion showing an impressive growth of 36pc.
According to an official hand out, this was stated in the 17th Annual General Meeting (AGM) called to review the performance of financial year 2013-14 and election of new board members on Friday.
Zahid Muzafar, Chairman Board said that OGDCL being the largest exploration & production company of Pakistan in terms of exploration acreage, recoverable hydrocarbon reserves and oil & gas production, acquired 29 new exploratory blocks and the current concession portfolio consists of 62 owned and operated joint venture exploration licences along with holding working interest in 6 blocks operated by other E&P companies.
He apprised the shareholders that OGDCL succeeded to acquired 1807 line kilometer of 2 Dimensional (2D) and 867 sq.km of 3 Dimensional (3D)  seismic data during the last financial year on fast track seismic data acquisition process.
 OGDCL further carried out 1013 line kilometer of 2D and 301 Sq.Kilometer of 3D seismic data in the first quarter of current financial year. OGDCL has carried out spuding of 17 new wells which include 8 exploratory and appraisal wells and 9 development wells during the year 2013-14 and made 2 Oil & Gas discoveries. During this period OGDCL contributed 50pc of total oil production and 29pc of total natural gas.
 Zahid Muzafar further assured to the shareholders that on the basis of operational and technical expertise the company would continue to undertake new development activities to add reserves and optimise production with the aim to enhance energy security of Pakistan.