Pakistan Oilfields Limited (POL) is a leading oil and gas exploration and production company listed on Pakistan Stock Exchange. The Company's prime focus is to deliver performance through excellence in the field of exploration, drilling and production of crude oil and gas.
Pakistan Oilfields Limited (POL), a subsidiary of The Attock Oil Company Limited (AOC), was incorporated on November 25, 1950. AOC was founded in 1913 and made its first oil discovery in 1915 at Khaur, District Attock. AOC has, therefore, pioneered exploration and production of oil and gas in this region nearly a century ago. In 1978, POL took over the exploration and production business of AOC. Since then, POL has been investing independently and in joint venture with various exploration and production companies for the search of oil and gas in the country.
POL plants also manufacture LPG, solvent oil and Sulphur. The Company markets LPG under its brand name POLGAS as well through its subsidiary CAPGAS (Private) Ltd.
POL operates a network of pipelines for transportation of crude oil. Khaur Crude Oil Decanting Facility (KCDF) continued to operate satisfactorily. During the year, a total of 9.5 million barrels of crude oil from Nashpa, TAL Blocks and others were pumped to Attock Refinery Limited through this facility and pipeline.
In 2005, the Company acquired a 25% share in National Refinery Limited, the only refining complex in the country producing lube base oils in addition to fuel products.
Products
Crude Oil
Solvent Oil
Natural Gas
Sulphur
LPG
Associated Companies
National Refinery Limited (NRL) - 25% holding
Attock Petroleum Limited (APL) - 7% holding
Attock Information Technology Services (AITSL) - 10% holding
Attock Refinery Limited (ARL)
Attock Cement Pakistan Limited (ACPL)
Attock Gen. Limited (AGL)
Strategic / Operational
Developments
Producing Blocks
Balkassar Deep-1A well was spudded on April 26, 2023, drilling is in progress at 10,300 ft. The prognosed total depth of the well is 14,410 ft. The main objective of the well is to test the hydrocarbon potential of Chorgali and Sakesar formations of the second sheet underneath main Balkassar structure.
At Pindori Lease (operated by POL with a 35% share), 3D seismic acquisition project of 60 square kilometers has been completed and data processing is in progress to evaluate the prospectivity of Chorgali formation and to evaluate the possibility to produce un-drained oil.
Attention: This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
POL - Pakistan Oilfields Limited published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 10:37:49 UTC.
Pakistan Oilfields Limited is a Pakistan-based oil and gas exploration and production company. The Company is principally engaged in exploration, drilling and production of crude oil and gas in Pakistan. Its activities also include marketing of liquefied petroleum gas (LPG) under the brand name POLGAS and transmission of petroleum. POLGAS provides customized energy solutions for industrial and commercial applications. In addition to exploration and production of oil and gas, its plants also manufacture LPG, solvent oil, and Sulphur. The Company also operates a network of pipelines for transportation of its own as well as other companies. Its products include crude oil, solvent oil, natural gas, LPG, and Sulphur. The Company's services include crude oil transportation, in which around 28,000 barrels per day of crude oil is being pumped to Attock Refinery through its pipeline network. The Company is a subsidiary of The Attock Oil Company Limited.
PAKISTAN OILFIELDS LIMITED 
