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OGDCL Annual Report 09

OGDCL Annual Report 09

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Published by imranramdani

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Published by: imranramdani on Dec 25, 2010
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OGDCL - Business Strategies
 As the leading exploration and production Company in Pakistan, OGDCL'sprimary objective is to enhance its reserves and production profile and ultimatelymaximize value for shareholders. In order to achieve this goal, the Companyseeks to execute the following strategies:Exploit Exploration Opportunities: by building the Company's futurereserves portfolio through its large onshore exploration acreage. Accelerate Production Growth: through utilizing cutting edge technologies,utilize Company's significant reserves base and capitalize on the strongeconomic growth and accelerating energy demand in Pakistan.Maintain Low Cost Operations: OGDCL's operating environment, withgeographic concentration of its reserves base in Pakistan, is and will bea major factor in allowing it to control its low cost structure.Pursue Selective International Expansion: domestic expansion remainsOGDCL's core focus, however, the Company intends to grow and diversifyits portfolio through selective international expansion in the medium tolong-term.Implementing International Best Practices: Company ensures an efficientorganizational structure and business processes with continuingimprovements that are focused on overall improvement of all functionsof E&P business and its support functions.Being Socially Responsible: OGDCL is committed to act ethically andcontribute to economic development while improving the quality of lifeof the workforce and their families as well as of the local communitiesand society at large.
02Highlights of the Year 04Notice of Annual General Meeting06Vision, Mission, Core Values and Goals09Statement of Ethics and Business Practices11Corporate Information12Board of Directors14Committees of the Board16Company Profile18Leadership Team19Senior Management20Exploration Licenses and Activity Map24Development and Production/Mining Leases26Six Years Summary28Vertical and Horizontal Analysis29Statement of Value Addition30Directors' Report48Pattern of Shareholding and Categories of Shareholders50 Auditors' Review Report to the Members on Statement of Compliancewith the Best Practices of Code of Corporate Governance51Statement of Compliance with the Code of Corporate Governance52Statement of Compliance with the Best Practices on Transfer Pricing53 Auditors' Report to the Members54Balance Sheet56Profit and Loss Account57Cash Flow Statement58Statement of Changes in Equity59Notes to the Financial StatementsForm of ProxyEntry Card

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