Pakistan Petroleum

Pakistan Petroleum Limited
Website www.ppl.com.pk

The pioneer of the natural gas industry in the country, Pakistan Petroleum Limited (PPL) has been a frontline player in the energy sector since the mid-1950s. As a major supplier of natural gas, PPL today contributes over 20 percent of the country’s total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas.

The company’s history can be traced back to the establishment of a public limited company in June 1950, with majorshareholding by Burmah Oil Company (BOC) of the United Kingdom for exploration, prospecting, development and production of oil and natural gas resources. In September 1997, BOC disinvested from the Exploration and Production (E&P) sector worldwide and sold its equity in PPL to the Government of Pakistan (GoP). Subsequently, the government reduced its holding through an initial public offer in June 2004, which was further decreased with the initiation of the Benazir Employees Stock Option Scheme (BESOS) in August 2009 when PPL employees were allotted 12 percent shares from the government’s equity. More recently, GoP further disinvested its 5 percent shares, around 3.55 percent of the total paid-up capital, in PPL through Secondary Public Offering in 2014. Currently, the company’s shareholding is divided between the government, which owns about 68 percent, PPL Employees Empowerment Trust that has approximately 7 percent — being shares transferred to employees under BESOS — and private investors, who hold nearly 25 percent.

PPL has acquired 100 percent shareholding of MND E&P Limited, a company incorporated in England and Wales. The name of the subsidiary has been changed to PPL Europe E&P Limited.

The company has also established a wholly owned subsidiary, PPL Asia E&P B.V. with corporate seat in Amsterdam, Kingdom of Netherlands. The subsidiary will focus on exploration and production of oil and gas in the region. PPL has assigned its interest in Block 8, Iraq, under the Exploration, Development and Production Service Contract with Midland Oil Company, Iraq to PPL Asia E&P B.V.

PPL operates eight producing fields across the country at Sui (Pakistan’s largest gas field), Adhi, Kandhkot,Chachar, Mazarani, Adam, Adam West and Shadad and holds working interest in fifteen partner-operated producing fields, including Qadirpur the country’s second largest gas field.

As a major stakeholder in securing a safe energy future for the country, PPL pursues an aggressive exploration agenda aimed at enhancing hydrocarbon recovery and replenish reserves. PPL together with its subsidiaries has a portfolio of 47 exploration assets of which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners.

Over the years, PPL has developed a reliable foundation and infrastructure for providing clean and safe energy through sustainable exploitation of indigenous natural resources while adhering to best practices of corporate governance and employee health and safety and constraining the ecological footprint of its operations. As a result, Monitoring and Inspection, Design and Construction, Drilling and Well Engineering, Joint Operations, Operational Technical Support Services and Projects departments, Mazarani, Adhi and Kandhkot fields, Sui Field Gas Compressor Station, Sui Production, Sui Field Engineering and Sui Purification stand certified for ISO 9001 Quality Management System.

Similarly, Kandhkot, Mazarani and Adhi fields, Sui Production, Sui Field Gas Compressor Station, Sui Field Stores, Sui Field Engineering and Drilling and Well Engineering, Design and Construction, Projects, Health, Safety and Environment and Exploration departments and Sui Field Hospital have been certified for ISO 14001 Environmental Management System and OHSAS 18001 Occupational Health and Safety Assessment Series. Sui Purification is also certified for OHSAS 18001.

PPL has played a significant role as a responsible corporate citizen since the inception of its commercial activities inSui by establishing the Sui Model School in 1957 for children of workers and local communities. In 2001, the PPLWelfare Trust was founded to provide geographical and thematic diversity to the company’s CSR programme, which currently includes education, health, infrastructure development and socio-economic uplift of disadvantaged communities living in and around its operating areas as well as other parts of the country.

Board of Directors

Company Secretary

Awards

Operations

Exploration

Pakistan Petroleum Limited (PPL) has an aggressive exploration programme geared to optimize production and replenish reserves. The company has invested in acquiring state-of-the-art integrated technology and enhancing human resource competencies to achieve desired outputs and minimize risks through well-coordinated teamwork and strategic partnerships with local and international Exploration and Production (E&P) companies.

The company’s exploration strategy is focused on evaluating prospective areas for direct participation and pursuing farm-in opportunities. In the last bidding round held by Government in March 2013, PPL won 11 exploration blocks, 10 as operator and one as joint venture partner.

PPL has acquired 100 percent shareholding of MND E&P Limited, a company incorporated in England and Wales. The name of the subsidiary has been changed to PPL Europe E&P Limited. The company has also established a wholly owned subsidiary, PPL Asia E&P B.V. with corporate seat in Amsterdam, Kingdom of Netherlands. The subsidiary will focus on exploration and production of oil and gas in the region.

Currently, PPL together with its subsidiaries has a portfolio of 47 exploration assets of which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners.

Production

Pakistan Petroleum Limited (PPL) operates eight producing fields in Sui, Kandhkot, Adhi, Mazarani, Chachar, Adam, Adam West and Kinza – the first two wholly owned by PPL – and has working interest in fifteen partner-operated producing assets.

Daily gas production of PPL from its operated and partner-operated fields stands at around one billion cubic feet (bcf) of gas per day, which translates into over 20 percent of the country’s total gas production. The company’s major clients comprise Sui Southern Gas Company Limited (SSGCL), Sui Northern Gas Pipelines Limited (SNGPL) and Water and Power Development Authority.

On June 30, 2015 PPL’s proven recoverable reserves were 2.021 trillion cubic feet (Tcf) of natural gas, 17.041 million barrels (MMbbl) of oil/ NGL and 309,918 tonnes (tons) of LPG.

References

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