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OGDCL losses hit $2bn in 3yrs

Delay in development work
ISLAMABAD: Oil and Gas Development Company (OGDCL) has suffered the losses of over $2 billion during the three years due to delay in development work to generate the revenue. This was informed by the Managing Director of OGDCL in the meeting of Senate Standing Committee on Petroleum and Natural Resources held here on Tuesday.
The meeting was held under the Chairmanship of Senator Sabir Ali Baloch. This big loss was inflicted due to the three litigation projects including Kunnar-Pasaki Deep, Tando Allah Yar, and Sinjhoro.
Managing Director of OGDCL ensured the body that majority of issues has been resolved including legal and internal with the local communities the projects would be started soon.
He said that OGDCL drilling operations would start soon in the area of Uch and Zin in Balochistan and other linked areas of the province.
However, locals are creating problems in Khyber-Pakhtunkhwa in Nashpa, Sheikhan and Jabbi areas which are being appropriately handled through the local administration and OGDCL’s regional coordinators.
He said that during the last five years 611 wells were drilled while OGDCL drilled 164 wells. The body also recommended that OGDCL should ensure the quota of Balochistan in the jobs and give the relaxed in the criteria. The body was also informed that over 8000 employees linked with the OGDCL while 2200 officers and 179 officers recently inducted in the different areas of the organisation. -APP


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