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I did six weeks internship at OGDCL as a compulsion for my BBA Hons degree from Bahria University. It is a necessity for every student to do internship with any organization relevant to their subject of studies. This stipulation is a way of familiarizing the students with the practical world which they intend to enter after completion of their education. During the tenure of my internship I got an opportunity to understand the organization and apply my knowledge and theoretical concepts in a better manner. This report precisely states my experience. The following report has been written on the format provided by the university administration. It initiates with an introduction of the company’s background and proceeds with its contribution to Pakistan’s economy. OGDCL forms the industrial base of our country and plays a dominant role in energy generation activities to support the nation on the whole. This sector dates back to the creation of Pakistan and ever since owing to its importance it has been pampered by all sectors of production. I interned in the production department of OGDCL and this report elaborates my experience and understanding of the production soft wares, marketing issues and human resource requirements of the company. I have also talked about the financial standing and progress of the industry in 2009. Operational, HR and market analysis all show positive results and bright future of the company in the following industry of our country. Other than a few pits that I discovered which include lack of use of modern technology, bureaucratic, hierarchical structure and nepotism the overall analysis of the company depicts a very positive and influential picture which is why it has been profitable over the years.
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Oil industry is a lifeline for an economy. It is a world of oil exploration, oil refining and oil marketing. Pakistan understands the importance of this industry for its economic uplift. Therefore the government of Pakistan established OGDCL in 1961. OGDCL is the leading firm providing 23% of total consumption, saving Pakistan from imports and contributing to economy by paying different charges to the government. Prior to OGDCL's emergence, exploration activities in the country were carried out by Pakistan Petroleum Ltd. (PPL) and Pakistan Oilfields Ltd. (POL). In 1952, PPL discovered a giant gas field at Sui in Baluchistan. This discovery generated immense interest in exploration and five major foreign oil companies entered into concession agreements with the Government. During the 1950s, these companies carried out extensive geological and geophysical surveys and drilled 47 exploratory wells. As a result, a few small gas fields were discovered. Despite these gas discoveries, exploration activity after having reached its peak in mid-1950s, declined in the late fifties. Private Companies whose main objective was to earn profit were not interested in developing the gas discoveries especially when infrastructure and demand for gas was non-existent. With exploration activity at its lowest ebb several foreign exploration contracting companies terminated their operation and either reduced or relinquished land holdings in 1961.
CENTRAL BACKGROUND INFORMATION
Oil and gas sector has been the oldest industrial base for Pakistan and the world around us. It is the source of all kind of activities geared towards the
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generation of energy, for the use of other industries and activities that support the economy of a nation. This reason alone has let the energy sector to be pampered by all the sectors of production and society around us. The setup of oil and gas related infrastructure and institutions started with the formation of Pakistan. The then governments (in the first decade of formation) did take some very useful decisions for the later generations of Pakistan. They made sure that our energy needs were made secure enough so that we could count on them. Many energy generation and exploration projects were started which really proved useful in that decade of intense growth of industrial development. These explorations fueled the development process further to attain one of the fastest growths in the history of Pakistan. This also proves that if these projects weren’t initiated maybe the picture would have been much different and grotesque today. INDUSTRY OVERVIEW In the public sector many companies and firms are operating including OGDCL, PPL, PSO, SSGCL, SNGPL and PARCO. Private sector companies of Pakistan have done a formidable job in attracting much needed investment and also in fulfilling much of the strategic fuel needs of Pakistan. Major Private Sector companies include: British Petroleum (BP), Asia Petroleum Limited, Shell Pakistan, OMV Pakistan, Attock Petroleum Limited (APL) and Chevron (Caltex) private limited. ENERGY SUPPLIES OF PAKISTAN The primary commercial energy supplies for the year 2006-07 in Pakistan have been 60.4 million tons of oil equivalent (mtoe) from 57.9 mtoe in 200506. Natural Gas holds a share of 48.5% in primary energy supplies followed by oil 30.0%, hydro electricity 12.6%, coal 7.3%, nuclear electricity 0.9% and LPG 0.5% while imported electricity is only about 0.1%. PETROLEUM Fuel or petrol has many forms and is one of the most important energy constituent as the world today depends on it. Most of its transportation and many other needs would remain unfulfilled if this energy source is not available in a timely manner or as per requirement. The total amount of identified recoverable reserves of crude oil, according to the report of GSP
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Transport (47. HOBC (High octane blending component). During the same period a total of 36 wells were drilled. our port facilities are of absolute importance for the Petroleum sector.438 barrels per day.5).6). Aviation Fuels and Naphtha. Refineries and the OMCs have key installations and terminals to receive and store crude and petroleum products in Karachi (Keamari. Mahmood Kot (mid-country) and Morgah (Rawalpindi). agriculture (0. The percentage share of different sectors in its consumption is as follows: Households (0.6) Industry (9. Pipelines are the major transportation mode in the transfer of oil to different locations. out of which. Faisalabad and Machike. The average production of crude oil during the 2006-07 was 67. Power (40) and others (1. Korangi. Mahmood Kot-Faisalabad-Machike (MFM) Pipeline. We export various by-products of petroleum and in fact crude oil itself when it becomes more than necessary and when there is no stocking space left in the storage depots. White Oil Pipeline Project. the PARCO pipeline system has its own terminals at Korangi. In addition. The drilling efforts resulted in 17 discoveries mostly of gas/condensate. Diesel (HSD and LDO). There are a variety of pipelines operating in the country namely PARCO. held by NTC (National Tankers Corporation). There is excessive increase in the demand for Petroleum since the number of vehicles has increased at an alarming rate. Gujrat (mid-country). and so on).800 million barrels. 10 were by OGDCL and 7 by the private sector.9) percent. We have 2 major ports in the country: Karachi and Port Qasim.4). This demand for petroleum is expected to increase consistently over the years Major products or kinds used and produced in Pakistan are Motor Spirit. The number of development wells drilled during 2006-07 was 41. Machike-Taru Jabba Pipeline Project (MTJPP) and the trans-Karakoram oil pipeline.(Geological Survey of Pakistan) is 341. Zulfiqarabad. INFRASTRUCTURE At present the publicly owned shipping vessels in the industry are only 3. The structure of firms in the Petroleum industry is summarized as follows: Page | 5 . Bulk of the traffic is handled by the Karachi Port. APL Fuel Oil Pipeline. Furnace oil. Kerosene. Since 80% of our oil requirements are fulfilled through the import of oil. The consumption of Petroleum products in 2007 was 1685 million tons.
The upstream sector consists of different companies that may or may not be involved in the petroleum sector as well. The Midstream sector represents the oil refineries operating in the sector. The key installations for Gas are the areas where it is discovered.• • • Upstream (Oil Exploration companies e.g Shell) The Upstream sector of our Petroleum industry consists of the Oil exploration and extraction companies. The downstream sector comprises of the firms that directly market the petroleum and its by-products to the final consumer. Basin Understan ding Exploratio n Developme nt Production Mid & Downstream Reserves Management Reserves Replacement Rate Metric Exploratio Developme s n nt Exploration Success Ratio Finding and Development Cost. For example the main Transmission system for most of Pakistan is situated near Sui. There is a vertically integrated environment for Gas sector. GSP) Mid Stream (Oil Refining Companies e. The transmission system of SNGPL is in Punjab and NWFP. PARCO ) Down Stream (Oil Marketing Companies e. PIPELINE NETWORK Pakistan has the world’s second largest pipeline network after America in the world which is being run by two companies namely the SNGPL and SSGCL. processed sent to the distribution networks and from there sent to the consumers as required. Gas is brought out from the gas fields. since it's from there that the gas is being pumped into the pipeline system of the country.g.g. Spend Share Production/Operatio ns Production Cost Operations Effectiveness Development Spend Corporate Planning HR Enabling KPIs Supply Chain Requisition to Order cycle time Page | 6 Safety Employee Safety Technical Staff Gap Productivity .
it was converted into a Public Limited Company and is now governed by the Companies Ordinance 1984. OGDCL held the largest portfolio of recoverable hydrocarbon reserves of Pakistan. 2006. hydrocarbon production and exploration acreage holding. OGDCL is the largest petroleum exploration & production (E&P) company in the Pakistan oil and gas sector based on recoverable reserves. at Page | 7 . In 1997. Midstream sector is processing gas and distributing it to networks for transporting and home delivery. As at June 30. COMPANY BACKGROUND ESTABLISHMENT The Oil & Gas Development Company Limited (OGDCL) was created under an Ordinance in 1961. Downstream sector is where the gas is supplied to the end users the main suppliers being SSGCL and SNGPL who have been marketing and setting the price for different consumers.Many companies are operating exploratory wells and development drilling wells in Pakistan. to undertake comprehensive exploratory program and promote Pakistan’s oil and gas prospects.
OGDCL explores and exploits indigenous resources for optimum production of oil and gas. OGDCL now holds the largest shares of oil and gas reserves in the country. DEVELOPMENT OGDCL plays a leading role in developing oil and gas resources in Pakistan. which are operated by it besides having working interest ownership in 28 non-operated Mining and Development & Production Leases. OGDCL has the largest acreage position in Pakistan and currently operates 17 exploration concessions and holds non –operated working interest in another 7 exploration concessions. OGDCL has an extensive database. Services of the Company’s highly qualified and skilled expertise in the fields of geology and geophysics are frequently availed y the local and foreign oil companies. Subsequently.32% of gas and 37% of oil. It was incorporated as a Public Limited Company w. OGDCL was a statutory Corporation and was known as Oil & Gas Development Company. Government of Pakistan (GOP) divested 5% of its shareholding in OGDCL by way of an Initial Public Offering (IPO) on the Pakistani Stock Exchanges.e. undertake carefully selected offshore and international development activities to augment our oil and gas resources. i. In addition. 48% of total oil and 37% of total gas reserves.e. With a balanced. besides seeking opportunities abroad. 23rd October1997 and became known as Oil & Gas Development Company Limited. It also leases out its drilling rigs to the private sector and carries out seismic surveys and data processing on contract for these companies on extremely competitive rates. In addition OGDCL has 35 Mining and Development & Production Leases.f. contingent upon theses activities. In November 2003. Our principle objective is to first expand and accelerate onshore exploration and development activities and. GOP divested another 10% of its stake in OGDCL in the form of Global Depository Shares and listing of the Company on the London Stock Exchange. efficient and competitive structure. OGDCL contributed 22% of the country’s total natural gas production and 48% of its oil production on net basis. Its percentage share of Page | 8 . respectively. in December 2006. Prior to 23rd October 1997.
2. stood at 9. To carry out drilling and other prospecting operations to prove and estimate the reserves of oil and gas. 3. Page | 9 . During the last 42 years OGDCL has grown into a technically and commercially viable organization. Exploit Exploration Opportunities: by building the Company’s future reserves portfolio through its large onshore exploration acreage. To produce. 4. OGDCL’s updated estimates for remaining recoverable oil and gas reserves as on 1st July. FUNCTIONS OF OIL AND GAS DEVELOPMENT COMPANY The main functions of the Corporation are:1. the company has until June 30. allowing the Company to utilize its significant reserves base and capitalize on the strong economic growth and accelerating energy demand in Pakistan. the Company has set targets for exploration drilling of at least 41 wells and plan to increase this target to 52 wells in fiscal year 2008 and 65 wells in fiscal year 2009. To perform other functions as the Federal Government may from time to time assign to the Corporation. To carry out geological. On the basis of its activities since inception. program of exploration of 2. For the fiscal year 2007. In order to achieve this goal. 2003.228 billion standard cubic feet (BSCF) of gas and 164. Accelerate Production Growth: by continuing to accelerate production growth. refine and sale oil and gas 5.25 million barrels of oil including company’s share in non – operated Joint Ventures.the total oil and gas production in Pakistan is 34% and 28% respectively. To plan. geophysical and other surveys for the exploration of oil and gas. organize and implement development of oil and as resources. 2003 and made 59 discoveries with a success ratio of 1:3. the Company seeks to execute the following strategies: 1.
remains OGDCL’s core focus.3. the Company intends to grow and diversify its portfolio through selective international expansion in the medium to long-term. OGDCL has established an in-house technical services division. Maintain Low Cost Operations: OGDCL’s operating environment. will be a major factor in allowing it to control its low cost structure. 4. As part of our restructuring plan. the Company’s leading position also enables it to access economies of scale across its significant reserves base and operations. Pursue Selective International Expansion: while domestic expansion 5. the Petroserv Directorate. namely the geographic concentration of its reserves base within Pakistan. which separates technical support services from core E&P activities. Page | 10 . Implementing International Best Practice: by ensuring an efficient organizational structure and business processes that are focused on core production. Within Pakistan.
Before the raw gas which can be fed into the processing plants. NLC tankers are often used by OGDCL for this purpose. These pipelines take the oil directly from the oil fields to the refineries. However due to the prevalent demand conditions most fields are producing at their maximum output level. There are no Oil and Gas storage facilities of OGDCL. OGDCL doesn’t own any oil tankers or any oil carrying vehicles however it bears the cost. Production is done round the clock without any scheduled stops except for maintenance. Oil is transported through pipelines and also through oil tankers. Gas is only transported through gas pipelines to the gas processing plants of the respective companies where it is processed for daily consumption. it needs to be of the required standard. There are six customers of OGDCL. Crude oil from the fields is transported to the two oil refineries in Karachi. No other means are used. it contains a lot of impurities in various quantities. Everything OGDCL produces is sold under the name of President of Pakistan there and then. PARCO in Multan and Attock oil refinery. Gas for further processing is sold to SNGPL and SSGCL. In other words once the oil or gas comes out of the ground it is no longer the property of OGDCL. The gas pipelines are set up in collaboration with the government where possible.COMPANY’S ANALYSIS OPERATION ANALYSIS OGDCL is a government owned organization. There are several on site gas processing plants which process it so that the required standards are met and then it is transported. most of its customers are government owned. However raw gas extracted from underground has very variable composition. This is important because if the fields are over producing then they might dry out very quickly. Where pipelines are not present or cannot be made due to any reason third party carriers are used to transport the oil. Page | 11 . The fields are operated with the view of optimizing their output over a length of period of time. Transportation of the products is the responsibility of OGDCL. 4 oil refineries and 2 gas companies.
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61% under sustainable growth method. while 35. OGDCL is 85% government owned. While in turnover. Government of Pakistan divested 9.FINANCIAL ANALYSIS OGDCL financial performance has been consistently improving with sustainable growth since the time it became a self-financing Company. OPERATING LEVERAGE Page | 13 . taxes and other payments. OGDCL has a growth of almost 40%. An in future prospect. this is because of the less decommissioning cost. so the major income of it goes to the government revenues CAPITAL STRUCTURE OGDCL is 100% equity financed company out of which 85% share is of Government of Pakistan and remaining 15% is issued to general public and some shares are also bought by international investors. and other incomes. 37 billion to the national exchequer in the shape of royalty.5% of the total shares of the company through secondary offering in the form of Global Depository Shares to international and local institutional investors. Earning per share of company is ever rising due to rising net income. OGDCL became the first Pakistani E&P Company listed in the London Stock Exchange with effect from December 2006 and acquired 70% working interest along with the operatorship in Guddu Block under an assignment agreement executed in 2007 between GHPL. Net profit of the company are high as compared all companies in the industry. Sales growth is about 25%. duties. OGDCL financial performance in the current year is quite impressive. while it is less as compared to companies in industry. The Company is the single largest contributor of more than Rs. this is because of 22times more share of OGDCL than any other company in industry. the company’s growth is expected to be 37. Gross profit. the reason for the high sales is rise in oil and is prices in the country. OGDCL and IPRTOC. no financial leverage.31% under varying growth method. operating profit. showing the company is growing robustly. company’s debtor turnover is less as compared to other companies showing managerial inefficiency and infectivity.
54 in 2008. now it has increased to 350000. EARNINGS & DIVIDEND The EPS of OGDCL has increased from 4 in 2002 to 11. OGDCL can broadly be divided in to following three companies: • • • Corporate Exploration & Production (E& P ) Technical Services The whole organization has been streamlined on the functional basis and it has emerged as an efficient unit. policies and affairs of the Company vests in a Board of Directors. Government covers its losses of petrol by getting these dividends.OGDCL has high operating leverage as it has high total Fixed Expenditures as compared to variable expenditure. MD is responsible for operational and other activities. 10 Directors and 01 Managing Director (MD). The OGDCL has been re-organized during the last few years. GROWTH IN SALES The sales of OGDCL have also grown insignificantly. This growth in sales is due to increasing demand of oil. while speed and competence are its Hall Mark. It is now divided into separate departments and each department is in Page | 14 . it gives a magnifying effect. Emphasis is on Professional Competence and getting things done. it now operates much purely as Oil Company does. The Dividend payout rate of OGDCL is very high because of the government control due to 85% share in capital. In 2002 the sales of OGDCL million barrels of oil and now it has reached to 14500 barrels of oil. It also shows that the company is risky one. The general direction. HUMAN RESOURCE ASSESSMENT COMMENTS ON THE ORGANIZATIONAL STRUCTURE All policy related issues are dealt by the board of Directors that is headed by a non-executive Chairman and a full time Managing director. The sale of Gas has also increased from 250000 MMcF in 2002 to 300000 in 2005 which was also same in 2007. which consists of 01 Chairman.
different Executive Directors performs following activities in consultation with General Managers. For effective operational activities.a position to work independent business unit. who are assisted by the concerned Departmental Managers: Page | 15 .
Maintenance of Database-Computerization. 7. Responses to Senate. Handling of Personnel grievances. This process is achieved through drilling. Maintenance of service record of employees from their induction to retirement and beyond. FUNCTIONS OF PERSONNEL DEPT 1. This department also acts as a liaison between OGDCL different Ministries.. Executive Director Drilling: When a potential oil or gas field has been identified through seismic surveys. 4. Page | 16 . 6. National Assembly Questions / Other Government Agencies. Transfers –Postings and maintenance of seniority. it is then drilled to assess the quality and quantity of the deposits. 2. ED (Drilling) is responsible for all the drilling activities carried out by OGDCL in the country. 3. 5. Executive Director Admin: The administration department manages all the activities from recruitment to training and development and is responsible for management of personnel Executive Director Corporate Affairs: Looks after the activities of planning of different development programs and monitors the implementation of that program.The Executive Director Exploration: Supervises all the geophysical and geological and exploration activities and is assisted by different Manager. It coordinates with all the department of OGDCL and prepares a strategic plan for the activities of OGDCL. Processing of Pension / EOBI and retirement cases. Implementation of CBA Management’s agreement’s after every two year’s duration.
He may approve the legal cases and also has the power to reject illegal cases. FUNCTIONS Actually PAO is the head of two major sections. that in general admin section and housing section. VEHICLE FOR ENTITLED OFFICER Manager they provide official vehicles for duty. Page | 17 . It has many functions they are: Hiring of houses for the employees of OGDCL. Hiring of lodges.HOUSING SECTION Housing section is also one of the permanent parts of OGDCL Islamabad therefore it performs the function for OGDCL’s staff member to hire houses for their accommodation. Particularly in housing cases the approval of PAO is must. Karachi Peshawar etc. Hiring of building for offices and lodges at Islamabad. Various types of vehicle they provide to the officers / staff in various shapes. All type of documents/cases are tabled to the PAO for verification and signed. He is the in charge of overall staff of both sections. TRANSPORT SECTION The main function of transport section is to provide transport facilities to the officer staff member of OGDCL Islamabad. rest houses for staff and officer at big cities like Lahore. The posting (DAK) of all Islamabad come to the PAO and also he distributes the post to the required party/person. VEHICLE FOR GENERAL DUTY For each department they provide special vehicle for emergency cases.
VEHICLES FOR FOREIGNERS Similarly some vehicles are available for engineers and other staff. They have their own advocates. VERIFIER FIELD DUTIES At each field from 5 to 6 vehicles ready every time for field duties at the time of emergency. It is not essential for employee as well as for legal service department that they hire advocate for case. but legal service department are always advocates from the management side. but mostly they consult with outside advocates on various fees. If any body from outside accused on OGDCL in any affair. On the other side when OGDCL claims on any person or body of person. Employee can witness in court personally. whenever occur in OGDCL.VEHICLE FOR PICK AND DROPS Large number of coasters for officers and buses for other lower staff are available which perform the duty of to pick early in the morning and drop at the end of office time the staff to perform their duties. so if the case is lower level then legal service department delete that claim by negotiation with employee. ORGANIZATION OF LEGAL SERVICE DEPARTMENT Legal Service Department Legal service department is one of the most simple and little department but its functions are always maintained on climax position in OGDCL. But when inside OGDCL any employee appeal against any officer under the section rule 25. After that if the employee is frustrated then he can go to the court for appeal. then legal service department stands from management side of OGDCL. so at this also they deals the cases same as above. To deal with court and legal cases. It is the information from the department that mostly cases are go in favors of OGDCL. Page | 18 .
Page | 19 . homes /specialist on the panel of the corporation and reimbursement is allowed when such facilities are not availed. To manage the medical centers of the corporation. It is a permanent discount so after check up. DCMO checks and make verification and signed on those bills. Emergency drug are also kept at both medical centre to meet any emergency. Vaccination programmed is also processed in MC. To provide medical facilities to the corporation employees. After that they refer the bills to the account department for payment.C Islamabad. For verification the owner of the drug store send bills to the DCMO at the each month. Medicines Medicines are provided to patients from entitle panelist chemist through prescription. They keep money for vaccination. the patient may receive the drugs from that particular drug store. Diagnostic Facilities X-ray and laboratory diagnostic facilities are available at M.Medical Center Department Organogram Manager Medical Services It is the head of the medical services and is responsible for. Hospitalization Patients are referred for hospitalization as and when required to hospital/nursing. Every year medical centre make an arrangement with any drug store on 6% discount. OGDCL Medical Centre Islamabad Function To check the OPD patients To check the OPD bills.
Distress grant.15/. Conveyance advance. Benevolent fund. Grant of house building advance. The union and management make on agreement after every two years. It is also a proper channel between the two bodies. i. Functions of Welfare Section Various types of functions performed by the welfare section are as under: To deal with union matters. due to the arrangement with management.by their income Similarly large number of facilities they provide to the staff member.e. in extra fund by pension. at the time when any staff member die. deducted every monthRs. to give amount to the staff members after five years in OGDCL for conveyance. PENSION AND WELFARE SECTION Welfare Section It is just like a bridge between the union and management. To provide facilities to the staff members of their families. Welfare section negotiates with union from the management side. Ambulance Ambulance equipped with first aid kit is available at medical centre Islamabad for 24 hours duty. Page | 20 . the amount will be given to his wife.Vaccination Vaccination facilities for children are available at both medical centers and every Monday is specially fixed for this purpose.
After the completion of organogram they take the official approval from chairman and give advertisement through public relation department of the most required vacancies. After 10 years in OGDCL the staff member qualified for pension and after 25. To take examination and interview of new and experimental candidates. Functions of Recruitment Section Recruitment section basically performs the following functions.e. Recruitment Section Recruitment section is one which is a real base to provide facilities of selection of new and old employees.i. To recruit the experimental employees for higher jobs. Organogram After circulation to every department they analyze that how many employees perform their duties and how many are required and they take a deficiency with his scale. as under: Page | 21 . The recruitment procedure of the OGDCL is mostly related with CSS of Pakistan . To recruit new candidates as a trainee.As a whole it means that OGDCL will provide pension till 15 years and something. Accommodation allowance is 50% of the growth monthly pension supposes that on the age of 25 years of service his pension will be counted of the 14th scale employee. Analyze the recruitment of employees in each department. After that the pension allowance will be counted again. This procedure is called Organogram.Pension Section Pension was introduced in OGDCL after 1984. After 60 years he can not stay more. The super innovation of the pension is maximum 60 Years. Years he can demand for pension.
j.f. Those candidates who qualified the test then they send a call for interview if they are not low merit. This examination is held in those departments.P Baluchistan Fata A. convincing power and also his dealing with other people.Merit Punjab Sindh rural Sindh urban N. RECRUITMENT TYPES Regular Contract Basis Trainees – Special Trainees Page | 22 .5% 3.k 10% 50% 11. boldness communication skill. where the candidate want to join and that department send the result to recruitment section.6% 11. It should be kept in mind that the interview has no value and no marks.W. It is just only for to and to analyze the courage.5% 04% 02% After the advertisement they receive application from all Pakistan and take written examination.4% 7. The selection procedure is recently shortly changed and is as under:Written Test 40%weitage Experience Academic Qualification 30%weitage 30%weitage The time for a written test is usually one hour.
M. FOR EG-VII AND EG-VI Managing Director Executive Director (Admin) / G. (Admin) Executive Director (Concerned) Member Professional / Expert in the relevant field/discipline Member Preferably having PhD or Master degree in the Relevant subject Head of Department Concerned FOR EG-V TO PS-15 Executive Director (Admin) Executive Director (Concerned) Head of Department Concerned Head of Department Concerned Professional/Expert Head of Department Concerned Chairman Member Member Member Member Member Chairman Member Page | 23 .Hiring through Contractor Classified appointment SELECTION COMMITTEES FOR RECRUITMENT FOR EG-VIII AND ABOVE Managing Director and Members of Human Resource Committee.
Government servant (efficiency and discipline) rules 1960 which were adopted in the draft service rules vide part-II statutory notification (SRO) govt of Pakistan cabinet secretariat(established division) notification No.These new rules have been adopted by the oil and gas developing company limited and matters relating to efficiency and discipline of the employees shall henceforth be governed by the OGDCL servants rules 1973 being issued as annex.DISCIPLINE SECTION FUNCTIONS Discipline section deals with those matters which depend upon any misbehavior. In OGDCL there is delegation of powers . ODGCL Servants (Efficiency and Discipline) Rules-1973. After taking action he send a report to discipline section then discipline section help him in penalties with the approval of executive directors and chairman under the rule of 1973. Page | 24 .Every higher authority can take action against that evil. mis-conduct or any offence which occur in fields and offices by the employees.SRO1213(1)/73 published in the gazette of Pakistan enter ordinary dated 18-081973.
Stoppage for a specific period. there shall be no appeal but the person concerned may apply for review of the order. a person on whom major penalties is imposed shall have a right to appeal to the next higher authorities. APPEAL There will be no appeal against minor penalties. removal or dismissal from service does not include the discharge of a person. other wise then for unfitness to cross such bars. at an efficiency bar in the time scale. promotion are increment. Removal from service and Dismissal from service. With holding for a specific period. However. Compulsory retirement. MAJOR PENALTIES Reduction to a lower post or time scale. Page | 25 . otherwise then for unfitness for promotion financial advancement. in accordance with the rules or orders pertaining to the service or post.PENALTIES The following are the minor and major penalties namely: MINOR PENALTIES Censure. Provided that whether the penalties are imposed by order of the board of directors. Recovery from the pay of the whole or any part of any pecuniary (minority) loss caused to corporation by negligence or breach of orders. or to a lower stage in a time scale. Removal from the service does not but the dismissal from the service does disqualify for future in this rule.
1984. the promotion criteria has been reviewed and revised under the guidance of the executive directors. decreases the organizations overall effectiveness and wastes more of management’s time to do what isn’t being done properly. Organizations are hard pressed to find good reasons why they can’t dedicate an hour long meeting once a year to ensure the mutual needs of the employee and organization are being met. 0103-15 dated 12 November. there have been some problems in application of the promotion criteria in some cases. decrease credibility of management. their own personal strengths and areas for development and a solid sense of their relationship with their supervisor. CAREER PLANNING Career planning is basically career orientation and career development. where after a few clarifications were also issued from time to time. Therefore to remove these difficulties. Performance review help supervisors feel more honest in their relation ship with their subordinates and feel better about themselves in their supervisor roles. PERFORMANCE APPRAISAL Yearly performance reviews are critical. It informs the employees of OGDCL about their future planning. Promotion is main figure of career planning section. However.N.AA.NOTE The chairman’s approval is necessary at all the stages for issuing the show cause notices and enquiry letter for awarding the final punishment. Subordinates are assured clear understanding of what expected from them. Page | 26 . The revised promotion criteria are notified herewith which shall be effective from first July. Career planning section is under the control of personnel manager. The elaboration is as under:The promotion and recruitment criteria of the corporation was notified vide O. It informs the employees that what they will do after 5 years And 10 years. That what he performs his duty and also they prescribed to the employees their operational set up. Avoiding performance issues ultimately decrease morale. 1991. M.
the work to be accomplished and how the work is to be evaluated. Ongoing assessment of performance and the progress against work expectation. PERFORMANCE APPRAISAL PROCESS The performance appraisal process typically consists of four related steps as follows: Establish a common understanding between the manager (evaluator) and employee (evaluate) regarding work expectations. based on the completed appraisal form and ending in the construction of a development plan. The formal performance and development appraisal discussion. and reduces subjectivity. and to reward superior performance with proper praise and reorganization. Provisions should be made for the regular feedback of information to clarify and modify the goals and expectations. All the departments at OGDC are enforce to follow following performance rating Outstanding Very Good Normal Marginal Poor 20% 50% 20% 05% Page | 27 05% .The scoring system is also having a major impact on effective performance appraisals. mainly. and better still with examples for each score band. Formal documentation of performance through the completion of a performance and development appraisal form appropriate to the job family. This gives everyone the same objective scientific reference points. The accuracy and reliability of any scoring system increases with full descriptions/definitions. to correct un acceptable performance before it was too late.
BARRIERS TO PROMOTIONS • CPC invites recommendations to reach end February and end August each year. (Proposals for improvement in Promotion Criteria have been recently submitted). CPC has great difficulty in meeting the promotion dates of 1st July and 1st December each year Cases are received with inadequate information causing wastage of time and un-necessary correspondence There is lack of effective communication among departments which causes un-necessary wastage in time and efforts Absence or lack of clarity of promotion channels Career Planning begins from the Department of the individual.O. This will speed up information and provide updated and accurate data Promotion criteria should incorporate changes reflecting ongoing trends. CPC. Recommendations received in CPC very rarely have that aspect properly dealt • • • • SUGGESTIONS • • • • Computerization of record is of great essence for speedy disposal and accuracy of record CPC is keen for digitalizing ACRs and related record. They are seldom received according to schedule. H.D has obligation to pay special attention to the Career development of those in his Department. Administration and other related departments. Page | 28 • MAJOR OIL & GAS FIELDS . Consultancy services of a reputed company will greatly help in this direction Training of staff and officers of CPC in the field of computerization is essential and primary step On line information system may be developed among Personnel. Consequently. CPC may be involved in appraising the management on the current issues and difficulties in practical application.
Lashari. Toot. Fimkassar. Uch. Kunnar. Missa Keswal. Chak Naurang. Pasakhi. Dakhni. Chanda. Sono and Thora. Dhodak. Kal. Page | 29 . Rajian. Bobi. Nandpur. Missan. Qadirpur. Pali. Sadqal. Daru.Major oil and gas fields of OGDCL are in Tando Alam.
but in 1985 shifted to Islamabad along with whole records. Unfortunately it cannot surely say that on which date and year it was established in OGDCL. The main objective is to provide accurate and an esteem information to the general public about OGDCL’s functions that what OGDCL is doing. Through newspapers they give advertisement about OGDCL. The operations of OGDCL are such that it does not require a formal marketing department. Various types of newspapers are mostly used to inform the public. Initially it was started and performs duties in Karachi. Page | 30 . Shell and gas companies such as SSGCL and SGNPL. Public relation department is more concerned with press. As is evident in the diagram below. The product is transported to oil companies such as PSO. Public relation department operates various methods and procedures to inform the public. The product reaches the end consumers through these companies. Since the gas is supplied to the end users the main suppliers being SSGCL and SNGPL who have been marketing and setting the price for different consumers. For the development of oil and gas sometime press conference also arranged for this purpose.MARKETING ANALYSIS PUBLIC RELATION DEPARTMENT Public relation department is one of the permanent departments of OGDC. OGDCL supplies gas and oil through pipelines. Public relation department deliberate plan and sustained efforts to established and maintain natural understanding between an organization and its public. It also performs the function to maintain the relation between the management and staff.
2004. Sulphur. It is located in the central Indus basin. Solvent Oil. Therefore right now there is a deficit between demand and supply. Under this plan pretreatment memguard unit and new membrane elements were installed and drilling of one well was completed. Naphtha. the over discovery in NWFP. one of the large fields in the country was discovered in 1990. was brought on to stream and it started giving production from 17 July. the following are its products by which it is earning profits: • • • • Crude Oil.500 barrels of oil and 13 MMscf Page | 31 • Gasoline/High and Low Speed Diesel. 2002 phase-II “revamp project” was commissioned on 23 January 2004 to process MMscfd of gas. Chanda Development Project Chanda oil field. With the shortage of electricity the industrial sector is also looking to gas for its energy supplies. and is currently producing 3. Gas. Kerosene Oil. . LPG. In accordance with the consolidated revised development plan dated 30 November.ENVIRONMENTAL ANALYSIS INDUSTRY & MARKET ANALYSIS At home the demand for energy in the form of gas and oil has skyrocketed. MAJOR PRODUCT LINES MARKET SEGMENTS In the product line of OGDCL. south of kandhkot and Sui gas field. • • • PROJECTS Qadir Pur Development Project Qadirpur gas field.
300 sbarells of oil and 19 MMscf of gas per day.tons of LGP Satellite fields namely Mithrao and chak dim.050 barells of stabilized condensate per day.2005. Phase-II of the project is expected to be streamlined in October 2004.tons of LPG will be produced. Demand growth is highest in the developing world. Page | 32 . The third well at Chanda field is planned to be in third quarter of 2004.800 barrels of oil per day and 125 M. Growth Rate for the Entire Industry Reflecting increasing consumer demand for petroleum products. LPG and sulpher. Chanda LPG plant will also be installed by October 2004 were 25-40 M. world crude oil demand has been growing at an annualized compound rate slightly in excess of 2 percent in recent years.This will increased the production of field to 5.8 billion) and South America (0. Dhodak Plant Enhancement And Dakhni Expansion Dhodak plant enhancement and dakhni expansion projects are also in progress and are expected to be completed by some time completion.35 billion). On its completion. the projects will result in substantial enhancement of production of oil. the field will produce about 2. For economic and/or political reasons. particularly in China and India (each with a population in excess of 1 billion) and to a lesser extent in Africa (0. gas. Bobi Development Project First phase of the bobi development project has also been commissioned in June 2004 and is producing 1. this high demand growth component did not exist in most of the developing world even a decade ago.of gas per day. Where high demand growth exists it is primarily due to rapidly rising consumer demand for transportation via cars and trucks powered with internal combustion engines.
Page | 33 . Currently 74% of the energy mix. global energy demand is expected to increase by 50% of which around 60% of the energy supply is expected to be met by oil and natural gas. Gas will take an increasing market share in energy supply. will still be by far the dominant contributor to the energy mix in 2020. Oil will remain the dominant energy source for the transport sector and feedstock for the petrochemical industry.Until 2030. essentially for power generation.
Its competitors. Mari Gas Mari Gas Company Limited is one of the largest oil & gas exploration and production companies in Pakistan. Currently BP is responsible for 16% of the oil and 6% of the gas that is conceived from all of the exploration projects of Pakistan. thus making Mari the country’s 2nd largest gas field.000 boe/d (100%). BP has limited all its operations to southern Sindh in order to keep it simple and efficient.COMPETITOR ANALYSIS MAJOR COMPETITORS OGDCL is Pakistan’s largest E and P Company. and the Kadanwari processing facilities. OMV Pakistan OMV is basically the biggest private E&P Company working in the gas sector of Pakistan. PPL Page | 34 . though still not in any position to threaten its share. are gaining strength. From the time of its inception BP has been responsible for 22% of the total exploratory wells drilled and 43% of all the discoveries made in Pakistan. It is the operator of the Sawan and Miano gas fields. In the past competition has been minimum but today things have changed.8TCF. Major competitors for OGDCL are discussed below: BRITISH PETROLEUM (BP) BP Pakistan is a truly Pakistan based company and lately it has hired its entire employee pool from Pakistan. It has a major share in the industry. Over the years with the development of the Field and the subsequent evaluations its gas reserves were enhanced to 6. OMV is reliably producing more than 100. covering around 16% of Pakistan’s natural gas demand.
It is important to benchmark their use of technology with industry peers. the oldest Exploration and Production Company in the country was incorporated on 5th June 1950. Majority of our imports in the Petroleum capital items are imported from Germany. TECHNICAL METHODS THAT AFFECT THE INDUSTRY Oil related machinery Pakistan being an agrarian economy and not having extensive knowledge in technical fields has always had problem with industrial developments. TECHNOLOGY ANALYSIS Technology is of crucial importance to enable oil and gas companies to grow their business. OGDCL is using the modern seismic technology for improving its ability to discover the unexploited oil and gas potential in the country. A number of major institutional reforms and improvements have been implemented in all areas of operations enabling the company to take up the challenge of making the country self-reliant in the energy sector. According to Total Group of Companies which is an indenter for many refineries and oil and gas distribution networks most of the refineries and other industries related to oil and gas have one common source of their imports: Germany. the machinery required in the Petroleum sector is far more complicated and advanced than in other industries. In fact. Instilling value management as a key competence supports business / IT strategy alignment. was about 171.205 barrels of crude oil per day. LPG and NGL production from PPL operated and non-operated fields for the year 2004-05 in terms of oil equivalent. Page | 35 . The gas.Pakistan Petroleum Ltd is Pakistan's Premier E&P Company. No industry in Pakistan can be said to be 100% self sufficient in the indigenous production of their machinery and Petroleum is no exception.
that can dig up to 100 feet costs around . the machinery is updated after every 7 years as its maximum life is said to be 10 years after which the machinery does not work up to its potential and also with time new machinery keeps coming which can extract more oil in the same time due to technological innovations taking place in the sector. The figure is in respect to the fact that if we buy these machinery in bulk.especially in the upstream sector that includes OGDCL.1. The machinery and Capital used in this industry is very tough to use and learn because of the technical expertise needed.. The prime purpose of the machinery used in this sector is in the use of oil extraction. Gas Related Machinery Pakistan has the latest and the most improvised machinery that is being used in different processes of gas refining.2 million dollars from Germany. Pakistan lacks that know how so they have to call in engineers to setup machinery whenever they buy it to setup a new refining or distribution plant. Page | 36 . pumping and distribution. Austria and Italy. Some of the equipment also comes from USA and Japan. The small parts used in the machinery like bolts. Lately there has been a lot said about Ukrainian and Russian machinery as well. but the upstream sector (which obviously includes OGDCL) doesn’t find it economically feasible. One oil drill. Since the capital requirement is quite high. However keeping all this in mind it is proposed that machinery should be renewed in 5 years to keep up the supply of oil. nuts and some basic electric material are taken from our indigenous production or resellers in Dubai and Arab Countries. Netherlands is our second option for the import of the Capital Machinery. All of the equipment that is usually upgraded to or installed on a new project originates from European countries like Germany. Otherwise the cost is higher.
This machinery has many parts like piping and nuts and bolts connecting them that are made in Pakistan but like oil most of the rigs that are used to bring gas out from under the crust are made in countries like Italy. To develop the already discovered oil and gas fields with a view to enhance production and improve revenues of US$ 35 Page | 37 .Machinery that is being used in the Upstream sector including OGDCL includes Pumps that bring Gas out and pippin’s responsible for taking that gas to the processing plants if the impurity content is too high. 730 MMcf per day gas. efficient and productive extraction of gas and oil. In this scenario a significant amount of resources are invested in R & D for more costeffective. Physical targets for the year 200-02 was envisage drilling of fourteen wells (nine exploratory and five development). production of 28. It remains the most lucrative and profitable business in the world as global demand for energy soars disproportionately to the supply.111 barrels per day. It is expected that exploratory program will result in increase in OGDCL reservoir in oil and Gas and also to the country‘s reservoir. FUTURE PROSPECTS OF THE ORGANIZATION Currently OGDCL is operator in Nineteen Exploratory Blocks and working interest in nine non-operated blocks. 2950 Km of seismic survey. Innovation Many innovations are taking place in the oil and gas industry. 313 metric tons per day pf LPG and 60 tons per days pf sulphur. China has also gone into this sector but yet has not shown any important signs. In addition company has got 34 mining and D & PL leases. To accelerate exploration activities by covering 3. Targets have been based on risks and opportunities. Russia and Germany.200 km of seismic Survey and drilling of 12 exploratory wells with the clear objective of a net increase in oil and gas reserves.
from these points oil and gas are discoved to achieve the future targets. FUTURE GOALS & STRATEGY OGDCL plans to drill 45 wells during current financial year (2005-06). OGDCL Seismic Crews are busy in G&G survey on different concession like Kharar. Page | 38 .million per annum and 24.500 barrels of oil per day and 565. To modernize. OGDCL is providing gas to IPPs like Uch power from Uch Gas Filed Project and from Nandpur / Panjpir to Fauji Kabirwala Power Limited. &. Exploratory wells are being drilled on various points i. To rationalize stores and spares inventory to the optimum level. Sinjhoro and Uch-II. seismic and processing equipment in order to keep the equipment in sound operating condition at all times. Despite number of Joint ventures and competitors in the oil and gas sector. Basal. Chanda etc. Sanghar and Zin etc.e. Sanjharo .605 Mmcfd of gas is expected to be produced during 1999-2000. to explore new Drillable prospects. OGDCL has drilled different concessions independently as well as it has ventures with other company’s successfully. The Company has also started three new development projects – Tando Allah Yar. The Company has placed great emphasis on fast track completion of these projects and on progressive project management concepts. Norijagir. To develop OGDCL‘s human resources through transfer of technology and training. replace and effectively maintain the drilling. Ranpathani. All these projects are contributing a lot of income to the OGDCL’s current revenues. Ghari.
Every employee has their own personal file in personnel department. There are three types of employees in OGDC. the concerned section maintained this personnel record from the first day. Pay Scale and Fixation It is also the function of personnel department that they fixed the pay scale for employees. Executive Group Staff Contractual Staff (EGI . Correspondence The personnel department also maintains the record of each employee for promotion. In short any type of personal problem or work will maintain in his personal files with personnel department. his ACR (Annual Confidential Report). It’s called correspondence.16) Recently personnel department has computerized the whole process to reduce the burden.EGIII) (1 . 3. experience qualification etc. Similarly if any employee want to leave for more than 48 days which are Official than concerned department will approval them and send to the personnel section. the minimum time for promotion is five years.DEPARTMENT INTERNSHIP WORKED DURING Personnel (HR) Department Functions Maintenance of personnel files As we have mentioned above that every section is related to the concerned department. So whenever any new employees recruit OGDCL. 1. 2. whenever they want any type Page | 39 . So at the end of every year they check the record of each employee.
I have observed some weaknesses in the organizational setup functioning of various departments. call to computer. pursuing industry best practices. The engineers constantly explore areas for oil and gas reserves in order to see where they can hit the jack pot. literature etc. The main issues are with the Hr department and are briefly described below. enduring commitment by its professionals. Page | 40 . This includes setting up of aggressive targets. enhancing in-house engineering design and simulation capabilities.of data immediately. strengthening surveillance techniques. utilization of state-of-the art automation systems and fostering use of information technology. PROBLEMS Lack of Awareness of Employees Regarding Latest Technological Changes Technical and non technical employees working at field / wells sites in far away areas of the country do not have any access to the latest modern and technological changes. Production Department Functions Various measures have been taken in order to augment production levels to reach new heights. PROBLEM IDENTIFICATION During my stay at OGDC head office. Marketing Department Functions OGDCL does not do any kind of marketing since its major contacts are regular local and overseas clients. and induction of latest technologies. They have their own computer section.
OGDC also provides pick and drop facilities to stop and officers to some extent with few Buses / Coasters but it is not sufficiently only few percent get benefit from this. but unfortunately does not use scientific techniques in career planning of employees.Lack of Career Planning Of Employees OGDC is only organization in the field of exploration and development of oil and gas resources of the country. While officers of Equ. mostly at sites but they are misused by their location in charge. Page | 41 . Unfair Utilization of Transport OGDC have a large number of vehicles. Grades 19 are not entitled to have official transport.
RESULT My stay at OGDCL was a very eye-opening and valuable learning experience for me. Poor Method of Recruitment To recruit the employees both internal and external methods are used but the corporation gives preference to the internal method.Unnecessary Purchases at Sites Due to less accountability and more delegate powers. OGDC have a centralized procurement department but stocks are accumulated in the absence of the strict rules and policies regarding purchases and stock position. My internship at OGDCL removed my previous misperceptions regarding the inefficiency. I am awed by how well things can work in state run organizations. chaos and unprofessional attitude of Page | 42 . location in charge uses their powers towards petty cash purchases from local market. Promotion Policy Promotion policy is the mixture of both merit and seniority. In just Way of Awarding Training Training is used to develop the skills of the employees in this regard lot expenditure is made on training but unfortunately training facilities is also awarded to the employees based on nepotism. Further more the recruitment system is also influenced by the nepotism of politicians. The main draw back of this method is that it blocks the way for new generation which carry new ideas and knowledge. but in practice emphasis is given to ACR and one can say that where there is ACR there is less chance of favoritisms.
Discoveries of energy reservoirs are made on a regular basis. Quarterly comparison of actual verses budgeted expenditure is carried out to ascertain weakness and cost over-runs. informative and very upto-date website for the public which is quite commendable. internal procedure should be well defined which will reduce time in these payments. 1. 3. To save time of the employees chasing their payments employee related payments should be excluded from the ambit of pre-audit. RECOMMENDATIONS During my stay in OGDC I carefully observed the major flaws and setbacks face by the company. nepotism and corruption are very much present in the organization but overall there is a smooth running of operations and profitability is very much there. 5. To achieve this. 4. All accountants should be given training on different accounting modules and chart of accounts. 2. Page | 43 . Rotation of duties should be made at regular interval to improve the overall work output and to keep the interest of the employee intact. supplier and contractors is effective tool for image building of OGDCL. Timely payment to the vendor. There is great focus on the company’s mission of providing oil and gas to Pakistan and maintaining productivity. Despite the fact that bureaucracy. So that monopoly and dependence on few is eliminated.government organizations. I put forward my suggestions the following practicable remedies to improve the existing practices. The company also maintains a chic.
Fit with and help shape Pakistan’s downstream capacity gradually take positions and operate downstream to leverage reserves. Attain new horizons. OGDC must take necessary action to acquire modern technologies so that they can compete at international level and in this way they can play more effective role in Pakistan’s economy. but in OGDCL there is a lack of internal control. partner to build new expertise – offshore. hasten and grow reserves to meet Pakistan’s energy requirements. For effective cost control. in part via building enhancement competence. 10. Ensure core E&P excellence through Meld exploration. Understand potential for and exploit non-conventional hydrocarbons. strategically add reserves/production to enhance domestic infrastructure. production and reservoir management. accelerate production. 8. A professional Accountant should be assigned the job to the review of AFEs with the collaboration of technical professionals for proper and effective control to avoid cost over runs. 11. With the passage of time many modern technologies changes take place in oil and gas industry. 7. Page | 44 . A good internal Control is a key to success for an organization.6. heavier oils. Responsibility of clearing/correcting the entries should be fixed with the section generating the activities. 13. standardization of different stationery items and consumable is approved for purchasing in bulk from the manufacturer directly. operationalise international E&P intent 12. explore and master remaining Pakistan structures. which should be improved and implemented effectively. 9.
16. a new department “career planning department “ is created and few posting were made in this department .e. 15. They should to pay full attention to the intensive professional training of staff in related fields. To offset recruitment bias favoritism should be completely discouraged. Page | 45 • . administrative and selling expenses. because it will affect the efficiency and ultimately the corporation will be unable to achieve its objective. Although the management in recent past takes some initiative in this area. Anticipate and support core operations and become commercially competitive. If appraiser make appraising based on actual performance it will decrease heart burning problem and employees’ efficiency will be increased. The powers of location in charges should be reviewed and minimized. 19. so it should be fully implemented. 18. Management must take necessary action to control costs i. • • Training facilities should be awarded according to the requirement of the job. And try to eliminate political interference in recruitment.14. The department concerned can organize professional training at OGDC or with outside agencies etc and latest literature newspapers and magazines etc of professional interest should be provided at sites free of cost. As the promotion policy of the corporation clearly shows merit + seniority. Management should try to develop maximum and minimum store inventory levels and also 100% physical verification to be done at least once a year. 17. But to achieve excellent and positive results rapid operations are too much essential.
This is not only meeting the requirement of the IPPS but also contributing a lot towards meeting the demand of electricity in the country.So to facilitate the management computer system in all the section must be introduced. for the period ahead. will be to ensure production growth and deliver its exploration and development program with the objective of securing oil and gas reserves and enhance its production base. Strenuous efforts are on going to build an extensive. OGDCL’s Uch Gas field and Panjpir/ Nandpur Gas Fields are the two main fields. expeditious production from new discoveries and joint venture opportunities outside Pakistan. The Company expects to continue a high level of exploration activity including 2-D and 3-D seismic acquisition in the onshore and offshore areas. OGDCL’s contribution to the national exchequer in the form of royalty. which have now started supplying Gas to power companies. maintaining and enhancing production from existing fields. OGDCL entered into new JV agreements in various exploration Blocks with the foreign oil companies to boost up the efforts for increasing the Oil & gas demand of this country. CONCLUSION The production of oil and gas is contributing a lot in reducing the country’s import bill. extensive exploratory drilling and follow on its recent Page | 46 . OGDCL is following the strategy of maintaining balanced growth through acquisition of new exploration acreage.• Beside this it is also desirable to suggest that in this modern area computerization of record is very much essential . excise duty. The focus of the Company. diversified and high quality portfolio of exploration licenses. and taxes are a huge support as compared to the other state owned organizations. debt servicing. Power generation by IPPs (Industrial Power Projects) in the country is a major source of energy.
resulting into strong operating cash flow and sound financial position of the Company. Page | 47 . We are confident that the pace of growth will continue in times to come and we have every reason to look forward to the future with confidence.successes with further appraisal drilling leading to potential new field developments. The Company anticipates a significant boost to its existing production on completion of current and future development projects. thus leading to significant value addition for the shareholders.
Management theory and practice. 3. 14. 17.Beach Operations management/Theory and Practice (2nd Edition).Monks. By H. by Edwin B. (4th Edition).pk www.google. www. 4. By Joseph G.Joseph Reitr. 6. 2.pk Pakistan industrial Reviews Annual Reports of OGDCL Business Recorder “ News Paper” Observer Journals.Flippo 10.by Ernest Dale Principle of personnel management. Behavior in organizations. Ministry of Petroleum. 2007. Ministry of Petroleum and Natural Resource’s site. 5. 2007. Personnel: The management of people at work (5th Edition) By Dale S. Vision 2030. 8. (4th edition).pk Petroleum Policy. www.kse. 9.Bibliography 1. Resource Interview of OGDCL MD. By DavisCosenza 15.Human management (7th edition) by Descenso. 11. 12. Business research for decision making. Ministry of Planning Commission Page | 48 16.com.com.ogdcl.com. . 13. 7.
Strategic Plan.18. OGDCL Page | 49 . 2006.