Oil & Gas OGDCL Latest Jobs 2022 Medical Staff Through the website www.ogdcl.com, Oil & Gas Development Company Limited OGDCL Jobs 2022 have been made available in Kohat, Hyderabad, and Quetta. One of the biggest E&P firms in the nation is OGDCL. In the categories listed below, the company is looking for higher caliber, more experienced, more driven, and better-groomed professionals who can expand it. In the advertisement given below, each position’s required age, education, experience, and place of residence are listed.
to establish itself as a premier global exploration and production company.
Mission of OGDCL
by growing exploration and production both locally and abroad, utilising all available alternatives, including strategic alliances, to become the nation’s top producer of oil and gas.
utilising best management practises, cutting-edge technology, and innovation for sustainable growth while maintaining social responsibility in order to consistently realign ourselves to fulfil the expectations of our stakeholders.
Company Background Before OGDCL
Prior to the establishment of OGDCL, Pakistan Petroleum Ltd. (PPL) and Pakistan Oilfields Ltd. conducted exploration operations throughout the nation (POL). At Sui in Balochistan, PPL made a sizable gas field discovery in 1952. Five significant foreign oil corporations went into concession agreements with the government as a result of the discovery, which greatly increased interest in explorati
These businesses conducted significant geological and geophysical surveys and 47 exploratory wells in the 1950s. Several tiny gas resources were consequently found. Despite these gas finds, exploration activity peaked in the middle of the 1950s and then began to wane in the late 1950s. The development of the gas discoveries was not a priority for private companies whose primary goal was to make money, especially since infrastructure and There was no gas shortage. In 1961, several foreign exploration contracting companies shut down, reduced, or abandoned their land holdings as exploration activity reached its lowest ebb.
creation of the OGDC
On March 4, 1961, the Pakistani government signed a long-term financing agreement with the USSR to restart exploration in the energy industry. Under the terms of the agreement, Pakistan received 27 million Rubles to pay for exploration equipment and the services of Soviet experts. According to the Agreement, the OGDC was established by an Ordinance dated September 20, 1961. The Corporation was tasked with planning and promoting Pakistan’s oil and gas prospects as well as carrying out a thoughtful and methodical exploratory program.
The Corporation followed government guidelines for exploration and development as a tool for policy in the oil and gas industry. On the other hand, a five-member Board of Directors that was selected by the government had control over day-to-day operations. The GOP initially organised the financial resources because the OGDC lacked the tools and resources to raise risk capital. The first 10 to 15 years were spent training personnel and constructing the necessary infrastructure in order to carry out much more extensive exploration programs.
A number of donor organisations, including the World Bank, the Canadian International Development Agency (CIDA), and the Asian Development Bank, gave the push by offering funding in the form of loans and grants for important development projects. The coordinated efforts of the OGDC were quite effective, since they led to a number of significant oil and gas discoveries between 1968 and 1982. When the Toot oil field was found in 1968, it opened the door for more northern exploration. The Company changed its approach to modernising its equipment base between 1970 and 1975 and launched a very aggressive work schedule. As a result, several oil and gas reserves were discovered in the 1980s, resulting in some financial independence for the Company. These consist of the commercial discoveries of the Corporation’s capabilities, the Thora, Sono, Lashari, Bobi, Tando Alam & Dhodak oil/condensate fields, and the Pirkoh, Uch, Loti, Nandpur and Panjpir gas fields.
Become a self-financing organisation
Due to the Company’s success as a result of significant oil and gas discoveries in the 1980s, the Government removed the Company from the Federal Budget in July 1989 and permitted it to run its operations using its own resources.
The first year that OGDC was self-financing was the fiscal year 1989–1990. For OGDC, it posed a formidable challenge. The obvious initial goal during the first year of self-financing was to generate enough resources to meet its debt servicing obligations while also maintaining the momentum of exploration and development at the rate envisioned in the Public Sector Development Programme (PSDP). In addition to raising enough money internally to pay its debts, OGDC also put enough money into research and development increase the country’s reserves and production.
Making the change to a Public Limited Company
OGDCL was a statutory corporation known as OGDC before 23 October 1997. (Oil & Gas Development Corporation). It became a public limited company with effect from October 23, 1997, and is currently known as OGDCL (Oil & Gas Development Company Ltd).
initial offering to the public
In 2003, the Government of Pakistan sold a portion of its stock in the company. The general public was initially offered 2.5% of the equity with a green-shoe option for an additional 2.5% of equity. The aforementioned Offer received a resoundingly positive response from the general public and was noted as a watershed transaction in Pakistan’s capital markets history.
Details of Oil & Gas OGDCL Latest Jobs 2022 Medical Staff
|Organization||Oil & Gas Development Company Limited OGDCL|
|No of Seats||Multiple|
|Last Date||December 05, 2022|
Vacancies Details of Oil & Gas OGDCL Latest Jobs 2022 Medical Staff
|Sr. No||Post Name||Qualification|
|1.||Visiting Medical Officer||Bachelor|
How to Apply ?
- Interested candidates can download the application form from www.ogdcl.com
- Completed applications supported by relevant documents should send to the given address
- Educational Documents
- Experience Certificates
- Recent passport-size photograph
- Please fill out the Application Form properly with complete and correct information/answers.
- Please DO NOT leave any field blank, otherwise, your application may not be considered.
- Post applied for clear mention on the envelope.
- The last date to apply for OGDCL Jobs is 05th December 2022.