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OGDCL reports 53pc profit surge in 1QFY27 YoY
ISLAMABAD: Forced production curtailments by the Sui Northern Gas Pipelines Limited (SNGPL) and UPL continued to drag down the Oil and Gas Development Company Limited’s (OGDCL) in the first quarter of fiscal year 2026-27 output. The restrictions slashed average daily net production by 1,254 barrels of crude oil, 94 mmcfd of gas and 5 tonnes of LPG, costing the company an estimated Rs9.7 billion in lost sales revenue. While significant, this is a notable improvement from the Rs19.3 billion revenue hit recorded in the same period last year. The OGDCL noted that, without these constraints, daily ...
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