Climate Change Data

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