Assignment

No2

Submitted By Irfan Ullah Afridi

Class BBA-7M

Roll No. 0063

Date November 30,2020

Subject HRM

Submitted To Prof.Shahzad


Product Portfolio:
A product portfolio is the collection of all the products or services offered by a company.
Management's decision about products and its product portfolio to be offered are among the most
important of those affecting the future of a company.

Vision:
To be a leading multinational Exploration and Production Company.

Mission:
Too become the leading provider of oil and gas to the Country by increasing exploration and
production both domestically and internationally, utilizing all options including strategic
alliances.To continuously realign ourselves to meet the expectations of our stakeholders through
best management practices, the of use latest technology and innovation for sustainable growth
while being socially responsible.

Core Values:
Goals:
Set a direction for your employees and motivate them to give them confidence so that they can
achieve the goal.

Code of Conduct:
A code of conduct defines how a company's employees should act on a day-to-day basis. It reflects
the organization's daily operations, core values and overall company culture. As a result, every
code of conduct is unique to the organization it represents

Objective:
To ensure that Oil & Gas Development Company Limited conducts and is seen to conduct its
operations in accordance with highest business ethical consideration complying with all statutory
regulations and universally accepted standards of a good corporate citizen. The Company’s core
values are Merit, Teamwork, Dedication, Integrity, Safety and Innovation.

Organizational Chart:

Management Objectives and Strategies:

Management objectives and strategies aim at improving the corporate performance and
maximizing value for the shareholders.These objectives and strategies may change/ alter
depending upon changes in the internal and external environment.
Ensure the existence of a mixed exploration portfolio constituting exploration concessions in the
established, promising and unexplored areas alongside maintaining a balance between enhancing
exploratory endeavours and mitigating risk with acceptable drilling success for the purpose of
reserves accretion and sustainable long term growth.Seek production growth from owned and
operated joint venture fields through completion of ongoing development projects, fast track
development of discovered fields and utilisation of latest production techniques and innovative
technologies to maximize oil and gas recovery.Maintain a rigorous approach towards capital
allocation and operational spending to carry out exploration, development and production
operations competitively and viably.Pursue farm-in/farm-out opportunities and acquisition of
concessions in domestic and international market, wherein business low cost operator status comes
into play for the purpose of reserve building and production growth.

Core Management Team:

The management team is the group of individuals that operate at the higher levels of an
organisation and have day-to-day responsibility for managingother individuals and maintaining
responsibility for key business functions.The Management team are held accountable by the
companies board of directors.

Human Resource:
The ongoing pandemic, COVID-19 has shaken-up the world’s economy and adversely influenced
the performance of oil and gas industry, OGDCL workers, amidst such challenging and uncertain
times, remains committed towards national cause of meeting oil and gas demands of the nation
whilst safeguarding the business position as a market leader in E&P sector of Pakistan.

Succession Planning:
This culture is preserved by making persistent efforts to continuously invest in critical positions
which shall ensure the vitality of a strong leadership bench for the purpose of succession planning.

Industrial Relations:
Management relations with the Collective Bargaining Agent (CBA) continued to be friendly and
industrial peace prevailed at all locations during the year under review.