AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Oil & Gas Development Company Limited (OGDC) conducted its analyst briefing session to discuss recent financial results and future prospects. The company witnessed a contraction in earnings by 19% for the fiscal year 2025 and 7% for the first quarter of fiscal year 2026, attributed to production curtailments and lower oil prices.
The ongoing production curtailments are impacting volumes. However, the company anticipates improvements starting April 2026, due to updates on LNG cargo diversion, which are expected to mitigate current curtailment levels.
The Bettani field, with its production capability of 33-35 MMCFD of gas and 2,600 barrels of oil per day from three completed wells, is central to OGDC’s future plans. The company is set to undertake deep-well drilling along with further appraisal and development activities over the next three to five years, aiming to reach the field’s full potential, which is estimated at 70-100 MMCFD.