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OGDC Annual Report

OGDC Annual Report

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Published by tanveer
BBA Final Term Internship report
BBA Final Term Internship report

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Published by: tanveer on Feb 27, 2009
Copyright:Attribution Non-commercial


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ate of Submission
february 28, 2009
1-Chapter 1
Chapter 1 covers the background of the study, purpose, scope, limitations, merits,methodology and scheme of the study.
2-Chapter 2
Chapter 2 covers the oil industry in Pakistan, history of OGDCL and the organizationalstructure comprehensively.This chapter also presents functions, projects, product line, mission andobjectives, Product and services offered, as well.
3-Chapter 3
In chapter 3, the organizational structure and its structure is discussed comprehensively. Moreattention is given to the different departments working in and under OGDCL and how thesedepartments operate.
4-Chapter 4
This chapter focuses on finance department of OGDCL. It explains theadministration and Finance department and its practices in the organization in detail.
5-Chapter 5
This chapter is all about SWOT analysis in which strength, weaknesses, opportunities andthreats are discussed.
6-Chapter 6
In chapter 6, problems of OGDCL are identified and then on these bases some suggestionsare given keeping in view the current situation of the organization. The effort is directed for efficient performance
7-Chapter 7
Prior to OGDCL's emergence, exploration activities in the country were carried out by PakistanPetroleum Ltd. (PPL) and Pakistan Oilfields Ltd. (POL). In 1952, PPL discovered a giant gas field atSui in Balochistan. This discovery generated immense interest in exploration and five major foreignoil companies entered into concession agreements with the Government.During the 1950s, these companies carried out extensive geological and geophysical surveys anddrilled 47 exploratory wells. As a result, a few small gas fields were discovered. Despite these gasdiscoveries, exploration activity after having reached its peak in mid-1950s, declined in the latefifties. Private Companies whose main objective was to earn profit were not interested in developingthe gas discoveries especially when infrastructure and demand for gas was non-existent. Withexploration activity at its lowest ebb several foreign exploration contracting companies terminatedtheir operation and either reduced or relinquished land holdings in 1961.
1.1 Establishment of OGDC:
To review exploration in the energy sector the Government of Pakistan signed a long-term loanAgreement on 04 March 1961 with the USSR, whereby Pakistan received 27 million Rubles tofinance equipment and services of Soviet experts for exploration. Pursuant to the Agreement, OGDCwas created under an Ordinance dated 20
September 1961. The Corporation was charged withresponsibility to undertake a well thought out and systematic exploratory programs and to plan and promote Pakistan's oil and gas prospects.As an instrument of policy in the oil and gas sector, the Corporation followed the Governmentinstructions in matters of exploration and development. The day to day management was however,vested in a five-member Board of Directors appointed by the Government. In the initial stages thefinancial resources were arranged by the GOP as the OGDC lacked the ways and means to raise therisk capital. The first 10 to 15 years were devoted to development of manpower and building of infrastructure to undertake much larger exploration programmes.

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