REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR ENDED 30 JUNE 2023

INTRODUCTION

Oil and Gas Development Company Limited (OGDCL) has prepared the following report on Oll and Gas Development Company Enthe year ended 30 June 2023 in accordance with the Renorts payments to governments ( Report ) Tor the your 2014 (2014/2009), as amended by the Reports on Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the "Regulations').
on Payments to Governments (Amendment) Regulations under DTR 4.3A of the Fin on Payments to Governments (Antending obligations under DTR 4.3A of the Financial Conduct The Report also addresses OGDC Tepering Rules. The 'Basis of Preparation' section below Authority Disclosure Guldance and Transparent of the Report, the types of payments included and the principles that have been applied in preparing the Report.

BASIS FOR PREPARATION

Activities

Payments made by OGDCL to governments arising from activities involving the exploration, Payments made by OODOE to governt, and extraction of minerals, oil and natural gas deposits (extractive) activities are disclosed in this Report.

Government

The term "government" refers to any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government.

Project

Payments are reported at project level except that are not attributable to a specific Payments are reported at project is defined as operational activities which are governed project are reported at entry level. Projects on or similar legal agreement, and form the basis for payment of liabilities with a government.

Payments

The information is reported under the following payment types :

Production entitlements

Under Production - sharing agreements (PSAs), the production is shared between the government Onder Froduction - online agreemed 30 June 2023, there were no reportable production entitlement payments to a government.

Taxes

These are taxes paid by OGDCL on its income, profits or production. Payments are reported net of refunds. Consumption taxes, personal income taxes, Gas Infrastructure Development Cess, Petroleum Levy, Federal Excise Duty, procurements (Contractors withholding taxes), taxes withheld by other parties, custom duties and related penalties are excluded.

Royalties

These are payments for the rights to extract oil and gas resources, typically at set percentage of revenue less any deductions that may be taken. Any adjustment related to prior year are reported as negative amounts in the Report.

Dividends

These are dividend payments other than dividends paid to a government as an ordinary These are unities payments of on lieu of production entitlements or royalties. For the year sharenofder of an of there were no reportable dividend payments to a government.

Bonuses

These are payments for Bonuses. These are usually paid upon signing an agreement or a contract, These are payments for Bonaoos. It declared, or production has commenced or reached amilestone.
In when a commercial discovery is declared, or production a goverment or when a onmiered also rory is, there were no reportable bonus payments to a government.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions

In preparing this report OGDCL has included license fees, rental fees and all other payments that In propaning this roper ood existing license and / or concessions. Fees paid to are partification for hervices are excluded. Payments made in return for services provided by a government are also excluded.

Infrastructure improvements

Payments related to infrastructure improvements, for example building of roads, school or hospital r a moluding contribution made in respect of social welfare obligation under licenses and loor concessions are included. Payments which are of social investment in nature other than infrastructure improvements (i.e. scholarships or donations etc. for education and health etc.) & contribution made to OGDCL CSR Trust are excluded.

Operatorship

When OGDCL makes a payment directly to a government arising from a project, regardless of whether OGDCL is the operator or not, the full amount paid is disclosed even where OGDCL is proportionally reimbursed by its operating/non-operating venture partners through a partner billing process (cash-call).

Cash and in-kind payments

Payments are reported on cash basis. Refunds are also reported in the period they are received by OGDCL and are shown as negative amounts in the Report. For the year ended 30 June 2023, there were no reportable in-kind payments to a government.

Materiality Level

The Regulations require that payments made as a single payment exceeding £86,000 or as part of a series of related payments within a financial year exceeding £86,000 be included in this Report. Payments below the above stated threshold are also included in this Report.

Currency

All payments have been reported in Pakistani Rupees (PKR).

General

The Payments shown in this report are rounded to the nearest thousand (PKR).

The table below shows the relevant payment to government made by OGDCL for the year ended 30 June 2023 shown by country and department type.

Of the seven payment types required by the regulations, OGDCL did not pay any relevant production entitlements, dividends and bonuses and therefore these categories are not shown.

Country and name of departments	Taxes	Royalties	Fees	Infrastructure Improvements	Total
				------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Pakistan
Federal Board of Revenue (FBR)	114,216,182				114,216,182
Oil and Gas Regulatory Authority (OGRA)			140.792		140,792
Directorate General Petroleum Concessions (DGPC)		38,311,992	1.171.397	301,851	39,785,240
Total	114,216,182	38,311,992	1,312,189	301,851	154,142,214

Project wise details are included in the annexure to this report

GM Accounts

Manager Accounts

Name of Project	Taxes	Royalties	Fees	Infrastructure Improvements	Total
	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Head Office	114,216,182		487		114,216,669
Kunnar		1,505,048	26		1,505,075
Pasakhi		2,851,826			2,851,826
Pasakhi Deep			200		200
Pasakhi North		99,832		-	99.832
Kunnar Deep		440,461	200		440,661
Bobi		156,613	300		156,912
Tando Alam		76,216	30		76,246
Thora		154,866			154,866
Palli		59,082	128		59,211
Lashari Center		19,963	80,732		100,695
Jandran - Lease			1,913		1,913
Sari/Sari Sung - Lease			100		100
Sari Hundi		2,206			2,206
Hundi			382		382
Daru		863	2,074		3,037
Sono		868,396	1,042,223		1,910,618
Buzdar			51		51
Uch		2,528,965	134,138		2,663,103
Uch-II		1,456,920	100		1,457,020
Pirkoh - Lease	-	-	351		351
Loti			200		1,676
Dhodak		1,476	448
Fimkassar		41,359			41,807
Kal		76,225	328		76,225
		143,321			143,649
Bhal Syedan		3,483	292	-	3,775
Sadqal		26,911	309		27,220
Fatehjang			4,642		4,642
Missakeswal		28,596	366		28,962
Rajian		642,479	305		642,784
loot		131,393	131		131,525
Dakhni		525,826	615		526,441
Thal	-			8,663	8,663
Thal East	-		304		304
Thal West	-	9,950	319		10,269
Bhambhra			494		494
Soghri ( Block-3371-8)	-			11,550	11,550
Soghri	-	468,061	950		469,011
Wali ( Block3270-6)-Lease	-		100	6,930	7,030
Shakarganj West-Lease	-		1,983	4,012	5,995
Mari East - Lease	-			15,180	15,180
Khuzdar North-Lease	-	-		1,500	1,500
Kharan-3 - Lease	-	-	987	3,437	4,423
Bostan-Lease	-		1,870	8,199	10,069
Zhob-Lease	-			932	932
Cholistan-Lease	-		1,983	716	2,699
Jandaran West - Lease				3,437	3,437
Jhelum-Lease	-		1,220	1,631	2,851
Lilla-Lease	-	-		6,930	6,930
Sujawal South-Lease	-			6,930	6,930
Khewari East-Lease	-		1,161	6,930	8,091
Vehari-Lease	-	-	1,990	6,930	8,920

Name of Project	Taxes	Royalties	Fees	Infrastructure Improvements	Total
	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Sutlej-Lease			1,850	6,893	8,743
Hazro-Lease			523	7,215	7,738
Nowshera-Lease			1,369	10,451	11,820
Qadirpur	-	1,511,582	200		1,511,782
Tando Allah Yar		56,342	400	34,650	91,392
Tando Allah Yar South West		14,325	12		14,338
Dars		(155)	100		(55)
Dars West		293,219	241		293,460
Unhar		130,264	215		130,479
Chandio		451	100	-	551
Pasakhi East -1 (Ta. all. yar)			100		100
Kunnar South - 1 (Ta.all.yar)		73,033			73,033
Shah		136,540	219		136,758
Dars Deep		28,637	258		28,895
Chak Naurang		233,754	1		233,755
Jakhro		10,527	100	4,620	15,247
Bitrism - Lease		109,678	200	9,240	119,118
Bitrisim West		296,384	55		296,439
Gundanwari			72		72
Pandhi		3,685	200		3,885
Chanda		2,118,046	300	1,610	2,119,956
Chak 43			100		100
Chak 63 South East			100		100
Chak 2			340		340
Hakim Dahu	-		383	-	383
Lala Jamali			306		306
Sinjhoro		936,228			936,228
Nashpa Lease (Block 3370-10)				34.195	34,195
Mela		574,357	806		575,163
Nashpa		7,573,129	1,530		7,574,659
Khewari - Lease				4,620	4,620
Chabaro		26,464	271		26,735
Nim	-	1,798	1,193	-	2,991
Saand (Old Gulsher)	-	219,298	213	-	219,511
Chhutto		151,039	200		151,239
Mangrio	-	109,059	188		109,246
Kalchas ( Block # 2969-7) Lease	-		3,361		3,361
Guddu Block 2869-9 Lease	-			3,996	3,996
Maru			172	4,666	4,838
Maru-Reti	-	180.545			180,545
Kohat (Block 3371-10) Lease				23,100	23,100
Togh	-	912,960	276		913,236
Palantak-Lease	-		980	3,456	4,436
Orakzai-Lease	-		683	4,538	5,221
Baratai-Lease	-			3,800	3,800
Dhok Hussain		663,984	273	7,750	672,006
Tirah-Lease	-		778	4,993	5,772
Gawadar-Lease				1,500	1,500
Pasni West-Lease	-		1,835	4,405	6,239
Ranipur-Lease	-		2,855	9,664	12,520
Suleiman-Lease	-		1,738	6,930	8,668
Killa Saifullah-Lease	-			6,930	6,930
Zorgarh-Lease	-			4,102	4,102

Name of Project	Taxes	Royalties	Fees	Infrastructure Improvements	Total
		(PKR '000) --
Buzdar South		29,223			29,223
Jabo		17,563			17,563
Meyun İsmail		1,953		-	1,953
Paniro		8,449			8,449
Zaur (Well) old - 705000		111,533			111,533
Jagir		4,650			4,650
Muban		19,589	-	-	19,589
Dhurnal		16,569			16,569
Adhi		307,278			307,278
Adhi Sakesar		2,150,484			2,150,484
Bhangali		473		-	473
Kadanwari		9,972			9,972
Makori Deep (Tal Block 3370-3)		11,785			11,785
Makori East		2,345,275			2,345,275
Mardan Khel		47,242			47,242
Manzalai		1,406,842			1,406,842
Mami Khel		(42,179)			(42,179)
Maramzai		195,682			195,682
Bhit	-	106,163	-	-	106,163
Ratana		6,881			6,881
Pindori		197,862			197,862
Miano		204,453			204,453
Chak 5 Dim		පිළිබ	-		විදිව
Lashari		47,280	-	-	47,280
Buzdar South Deep		12,932			12,932
Kunnar Pasakhi deep		2,018,435			2,018,435
Nur Bagla		12,086			12,086
Kunnar South		143,383	254		143,637
Nur			40		40
Tanishpa			100		100
Zindan-II			100		100
Makorı		12,157			12,157
Tolang South		575			575
Norai Jagir				4,620	4,620
Badhra	-	155,914			155,914
Lugai			100	-	100
Badar	-	61,289			61,289
Tolanj East		3,626		-	3,626
Sehwan			100		100
Bagla	-		232	-	232
Chah Bali			1,735	-	1,735
Total	114,216,182	38,311,992	1,312,189	301,851	154,142,214