Oil and Gas Development Company Limited
Climate Impact & Sustainability Data (2022, 2023-07 to 2024-06)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Health
- Education
- Water Supply
- Infrastructure
- Renewable energy
- Sports
- Community Development
Environmental Achievements
- Tree plantation drive of 50,000 plants (40,000 planted) in Khyber Pakhtunkhwa in spring 2022.
- Installation of solar systems in various schools and colleges.
Social Achievements
- OGDCL National Talent Hunt Program: Sponsored 1384 students in Zero Semester and 776 in regular programs at Sukkur IBA.
- OGDCL Need-Based Scholarship Program through HEC: 314 students enrolled in nine universities.
- Establishment of 33 free eye camps nationwide, providing services to 53,829 patients.
- Donated Rs 205 million for flood relief efforts.
- Provision of 50 wheelchairs to disabled persons.
- Construction/repair of medical facilities and roads.
- Provision of 100 mini ambulances (planned).
Governance Achievements
- Signed MoU with Pakistan Centre for Philanthropy (PCP) for advisory support.
- Established a CSR Council and Committee of the Board to oversee CSR initiatives.
- Implementation of a comprehensive CSR Policy.
Climate Goals & Targets
Short-term Goals:
- Completion of Nashpa Dam.
Environmental Challenges
- Water shortages in various areas.
- Flooding across the country.
- Lack of access to healthcare and education in underprivileged communities.
Mitigation Strategies
- Implementation of water supply initiatives (water bowsers, tube wells, hand pumps).
- Construction of Nashpa Dam (planned).
- Flood relief efforts (donations, food hampers, medical supplies).
- Establishment of free eye camps and medical facilities.
- Educational programs and scholarships.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
Awards & Recognition
- 14th PCP awards
- 14th International CSR Summit and Awards 2022
- 11th CSR summit and awards
Reporting Period: 2023-07 to 2024-06
Environmental Metrics
Waste Generated:10,476 tons/year (OBM cuttings)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Acquired ISO-1400:2015 and ISO 4500:2018 certifications for Rajian and Bobi fields.
- Successfully treated 10,476 tons of OBM cuttings waste using bio-remediation.
- Won Annual Environment Excellence Award 2023.
Social Achievements
- Introduced Diversity, Equity and Inclusion (DEI) Policy.
- Allocated Rs 2.3 billion towards CSR activities.
- Celebrated Women’s Day with the “HerStory” event.
Governance Achievements
- Board of Directors approved the Company’s ESG policy.
- Established Real Time Operation Monitoring Centre for monitoring wells operations.
- Received Tax Excellence Award 2024.
Climate Goals & Targets
Long-term Goals:
- Net-zero CO2eq emissions by or before 2050.
- Near-zero upstream methane emissions by 2030.
Medium-term Goals:
- Fast track completion of ongoing development projects.
- Commercialize tight gas wells.
Short-term Goals:
- Drill 16 new wells (10 exploratory/appraisal, 6 development).
Environmental Challenges
- Forced production curtailment by SNGPL and UPL.
- Ongoing LC opening and security issues.
- Overdue trade receivables on account of prevailing inter-corporate circular debt (Rs 561.025 billion).
Mitigation Strategies
- Production optimization efforts (incremental cumulative daily production of 2,184 barrels of crude oil, 12 MMcf of gas and 10 Tons of LPG).
- Vigorous follow-ups and constant liaison with the Government of Pakistan to recover outstanding receivables.
- Initiated indigenization program to reduce dependency on foreign suppliers.
Supply Chain Management
Responsible Procurement
- Initiated indigenization program
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (earthquakes, cyclones, floods)
Transition Risks
- Global move towards investment in renewables
Opportunities
- Investment in renewables, low carbon fuels, CCS, low-emission hydrogen, energy storage
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 45001
Awards & Recognition
- 38th Corporate Excellence Award
- Tax Excellence Award 2024
- Fire Safety Award 2023
- Annual Environment Excellence Award 2023