Oil and Gas Development Company Limited · Islamabad Pakistan ·(Karachi: OGDC)

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. It accounts for 45% of Pakistan's oil reserves and 35% of the country's natural gas reserves. Total proved reserves in 2009 stood at 625 million barrels of oil equivalent. OGDCL was founded by Pakistan's government in 1961. In 2009 the government owned 85% of the company. To read the full description, subscribe now.