Pertoleum companies in pakistan

Petroleum & Gas Engineering
Department UET Lahore
Qunber Bilal

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Page of Contents
1. Exploration history of Pakistan ------------------------------------- 2
1.1 Early History ------------------------------------- 2
1.2 Modern History ------------------------------------- 3
2. Current status of petroleum in Pakistan ------------------------------------- 4
2.1 Statistics of 10 April, 2015 ------------------------------------- 4
2.2 Oil ------------------------------------- 6
2.3 Natural Gas ------------------------------------- 6
3. Petroleum industry ------------------------------------- 7
3.1 Upstream industry ------------------------------------- 7
3.2 Midstream industry ------------------------------------- 8
3.3 Downstream industry ------------------------------------- 8
3.3.1 Refineries ------------------------------------- 9
3.3.2 Marketing Companies ------------------------------------- 10
4. Upstream industry ------------------------------------- 11
4.1 Services companies ------------------------------------- 11
4.1.1 Schlumberger ------------------------------------- 11
4.1.2 Weatherford ------------------------------------- 13
4.1.3 Halliburton ------------------------------------- 14
4.1.4 Sprint ------------------------------------- 15

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4.2 Operator companies ------------------------------------- 16
4.2.1 BP Pakistan ------------------------------------- 16
4.2.2 ENI Pakistan ------------------------------------- 17
4.2.3 OMV Pakistan ------------------------------------- 19
4.2.4 MOL Pakistan ------------------------------------- 21
4.2.5 BHP-Billiton Pakistan ------------------------------------- 23
4.2.6 OGDCL ------------------------------------- 24
4.2.7 PPL ------------------------------------- 25
4.2.8 POL ------------------------------------- 27
4.2.9 MPCL ------------------------------------- 28
4.2.10 UEP ------------------------------------- 29
References ------------------------------------- 30

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1. Exploration History of Pakistan
1.1 Early History
Petroleum Exploration in Pakistan began more than a century ago. The first well was drilled
in 1866 at oil seepage Kundal in the Mianwali District of Punjab Province. Activities continued
during the last quarter of the 19th century with irregular attempts to drill shallow boreholes, as in
rest of the world, the earlier exploration focused on seep-ages. Discovery of oil at Khattan in
Baluchistan was the main success where thirteen shallow wells produced 25,000 barrels of oil
between 1885 and 1892. The Government of Indio-Pak controlled the drilling activities during this
early phase. Up to 1883, a number of shallow wells were drilled by the Government agencies, all
near seepages. However, due to rapid decline in production the Government agencies subsequent
lost their interest in oil exploration. The problems with drilling in areas of oil seepage were the
low rate of oil production and short life. With the advancement of knowledge about origin,
migration and occurrence of petroleum, and development of drilling technology, the exploration
was extended to other sedimentary regions.
The first commercial success came with the drilling of Khaur-1 by Attock Oil Company in
1915, on a surface anti-cline in the Potwar Basin. Oil was discovered in sands in the lower part of
the Miocene formation and a total of 396 shallow wells were drilled in the field from 1915 to 1954.
The Pakistan Petroleum (Production) Rules were publicized in 1949. By virtue of which oil
prospecting became a subject for the Central Government rather than a provincial matter as in pre-
Independence years. Under these new rules concessions could be granted only to companies
incorporated in Pakistan.
Steady exploration drilling continued in the Potwar Basin and led to the discovery of three
oil fields. Pakistan's first oil field was in the late 1952 in Baluchistan near a giant Sui gas field.
The Toot oil field was not discovered in the early 1960s in the Punjab. It covers 122.67 square
kilometers (47.36 sq. mi). Pakistan Petroleum and Pakistan Oilfields explored and began drilling
these field with Soviet help in 1961 and activity began in Toot during 1964. The Toot area is one
of the oldest oil producing regions in Pakistan with the first oil well was drilled in 1964 when
President Ayub Khan encouraged a mineral development policy. It is located in the Potwar region,
Punjab Province, which is located approximately 135 km southwest of the capital city of
Islamabad. The commercial production started in 1967. There are about 60 million barrels of oil
in place with 12%-15% of which is recoverable. At its peak during 1986, the field was producing
approximately 2,400 barrel of oil per day. It has grown steadily since then, producing both oil and,
to a lesser degree, natural gas.
Oil production was entirely confined to the Potwar Plateau till 1981, when Union Texas
Pakistan discovered its first oil-field in Lower Sindh. By 1998-1999, the Lower Sindh gas-fields

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were producing more oil than the Potwar Plateau. Since then, new deposits have also been found
here.
In 1968 after OGDCL discovered Tut Oilfield (1967) and POL discovered oil at Meyal
(1968) several foreign companies began to show interest in Pakistan. As a result the Government
of Pakistan signed agreements with American Oil Company (AMOCO) and Wintershall in 1969,
the former for onshore and later for offshore Indus Basin. Marathon Oil Company of USA was
also granted huge Concession in 1973 along the Makran Coast, half onshore and half offshore.
Wintershall withdrew after drilling three dry offshore wells and Marathon closed its operations
after drilling one onshore and one offshore wells. Amoco continued its drilling package but without
success in Middle Indus Basin. In 1976 OGDC announced the discovery of condensate gas field
at Dhodak and discovered gas at Pirkoh in 1977.[1]
1.2 Modern Exploration
In 2005, the Vancouver-based 'International Sovereign Energy' signed a memorandum of
understanding with the Oil and Gas Development Company Limited, Pakistan's national oil
company, to develop the Toot field.[2] Schlumberger Oilfield Services first started operations in
early 2006. After favorable results, the Vancouver based 'Junior oil' and International 'Sovereign
Energy Corp'. Oil and gas exploration companies signed a memorandum of agreement with the Oil
and Gas Development Company Limited, Pakistan's national oil company, in mid-2005, to develop
the Toot field in Punjab Province, near the capital city of Islamabad. The company is also providing
electricity to locals living around the residential camps of Toot oil field and the neighboring Missa
Keswaal oil field.[3]
2. Current Status of Petroleum
The Downstream Oil Sector (Refining, Marketing, and Distribution) plays a very
significant role in Pakistan's economic development, ensuring uninterrupted supply of petroleum
product to the country in order to keep the wheels of the economy moving. With an annual sales
of Rs. 1 trillion, direct employment of over 100,000 people, indirect employment (transport sector)
of another 24,000 persons, and capital investment of over 30 billion Pak Rupees over last 5 years
and annual generation of taxesaround Rs. 200 Billion. The Downstream Oil Sector is a significant
contributor to the national well-being.[4]
2.1 Statistics 10 April 2015
It revealed that 17.7 tcf of gas was consumed from the reserves by the end of 2014.
Apart from this, 17.4 tcf were added. The reserves left at the end of 2014 were 23.64 tcf.
However, the country fared better in terms of oil production. In 2000-01, oil reserves stood at

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296 million barrels and the country consumed 323.31 million barrels until 2014. In the 14-year
period, 380.81 million barrels were added to the reserves, which at the end of 2014 stood at
353.5 million barrels.
Fig. 1: Petroleum Reserves[5]
The petroleum ministry said 12 companies were engaged in the production of crude oil.
Among these, OGDCL had the highest share of around 50% as it produced 42,969 barrels of
oil per day in 2013-14. Moreover, United Energy Pakistan contributed 15.5% to oil production,
Pakistan Petroleum Limited (PPL) had a share of 7.4% and Hungarian oil and gas company
MOL contributed 19.98%. The country’s total gas production is 4500 million cubic feet per
day. To this, two state-owned companies, OGDC and PPL, were the major contributors,
producing 1,171 mmcfd and 648 mmcfd respectively. Other major contributors were Eni
Pakistan, Mari Petroleum Company Limited and OMV, which were producing 489 mmcfd, 593
mmcfd and 287 mmcfd to meet the domestic needs.[6]
2.2 Oil
Pakistan is a net importer of crude oil and refined products. Crude oil imports grew an
annual 11% from July 2013 to March 2014, according to Pakistan’s statistics.
In 2014, the country produced 98,000 barrels per day (b/d) of total oil, up from a below
70,000 b/d before 2012. Most of the increase in oil production stems from additional discoveries
and production of condensates from the Tal block.
Oil consumption has grown over time and averaged 437,000 b/d in 2013. Pakistan currently
has seven oil refineries, running mostly on imported crude oil, and a total crude oil distillation
capacity of 186,000 b/d.[7]
2.3 Natural gas
Pakistan’s domestic natural gas reserves are declining, and Pakistan currently lacks the
infrastructure to import more gas.

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Pakistan’s main natural gas producers include Pakistan Petroleum Ltd. (PPL) and OGDCL,
as well as international companies such as BP, ENI, OMV, and BHP. The leading gas distributors
are Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines (SNGP).
The Pakistani government supports the construction of the Turkmenistan-Afghanistan-
Pakistan-India (TAPI) natural gas pipeline. The TAPI pipeline has the multilateral agreements and
financial support necessary to move forward. However, the TAPI pipeline faces serious
geopolitical and security concerns and the start construction is uncertain.
China has agreed to fund and build a natural gas pipeline from Iran to Pakistan following
the end of international economic sanctions imposed against Iran as a result of its nuclear program.
In July 2014, the Pakistani government approved the construction of three LNG terminals,
including the Engro Elengy LNG Terminal. The first shipments of LNG began to arrive at the
terminal in July 2015, via a floating, storage and regasification unit (FSRU).[7]
Fig. 2: Operator Companies Production[5]

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3. Petroleum industry
The petroleum industry include the global processes of exploration, extraction, refining,
transporting (often by oil tankers and pipelines), and marketing petroleum products. The largest
volume products of the industry are fuel oil and gasoline (petrol).
The industry is usually divided into three major components;
 Upstream
 Midstream
 Downstream
(Midstream operations are usually included in the downstream category)
3.1 Upstream
The upstream oil sector is also commonly known as the exploration and production (E&P)
sector.
The upstream sector includes the searching for potential underground or underwater crude
oil and natural gas fields, drilling of exploratory wells, and subsequently drilling and operating the
wells that recover and bring the crude oil and/or raw natural gas to the surface with the aid of
Services companies.
Subsequently, it is divided into two categories;
 Operator Companies
 Services Companies
Operator Companies
These companies are concerned with the drilling of well on the site and taking the
production out of it.
Services Companies
Services companies are those which provide different services to E&P companies in their
drilling and production process. They provide them the tools and are responsible of their
maintenance too. Usually they perform following services;
Seismic acquisition and processing,
 Formation evaluation
 Well testing
 Directional drilling

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 Well cementing
 Stimulation
 Artificial lift
 Well completions
 Flow assurance and consulting
 Software and information management
 Groundwater extraction
3.2 Midstream
The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or
truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and
other transport systems can be used to move crude oil from production sites to refineries and
deliver the various refined products to downstream distributors. In short, they are a channel
between the upstream and downstream industries.
3.3 Downstream
The downstream sector commonly refers to the refining of petroleum crude oil and
the processing and purifying of raw natural gas as well as the marketing and distribution
of products derived from crude oil and natural gas. The downstream sector touches consumers
through products.
Downstream sector is further subdivided into two types;
 Refineries
 Marketing companies
3.3.1 Refineries
The task of refining companies is to refine the crude oil and separate its different fractions
from each other and make it usable.
Following refineries are working in Pakistan;
 Attock Oil Refinery Ltd. (AORL)
 Byco Petroleum Ltd.
 Indus Oil Refinery Ltd
 Khalifa Coastal Refinery
 National Refinery Ltd. (NRL)
 Pak-Arab Refinery Limited (PARCO)

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 Pakistan Refinery Limited (PRL)
The refining statistics of all these are as followed;
Fig. 3: Refineries Capacities[5]
3.3.2 Marketing Companies
Marketing companies are those which provide the refined petroleum goods to the
customers. These are a channel between the refineries and the consumers.
Following marketing companies are working in Pakistan;
 Pakistan State Oil (PSO)
 SHELL
 TOTAL
 CALTEX
 SSGC
 SNGPL

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4. Upstream Petroleum Companies Working in Pakistan
4.1 Services Companies
Following main services companies are working in Pakistan;
 Schlumberger
 Weatherford
 Halliburton
 Sprint
It is the world’s largest oil field services company. It was initially named “Electric
Prospecting Company”. Later on, it was named “Schlumberger Well Surveying Corporation” in
1935, after wards “Schlumberger Well Services” and finally “Schlumberger Wireline and Testing
Company Ltd.”or simply “Schlumberger Ltd.”Over the years, Schlumberger continued to expand
its operations and acquisitions. And now it has become a blend of many other companies present
in 85 countries of world.
Schlumberger established the first international data links with e-mail in 1981. In 1983,
Schlumberger opened their Cambridge Research Center in Cambridge, England and in 2012 it
was renamed the Schlumberger GouldResearch Centerafter the company's former CEO Andrew
Gould.[8]
Foundation
Its foundation was laid in 1926
Head Offices
Schlumberger has four principal executive Offices located in;
 Paris
 Houston
 London and
 The Hague

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In Pakistan, it has Head Offices in Islamabad with address;
Serena Office Complex, 3rd Floor, North Wing,
Khayaban-e-Suhrawardy, Islamabad, Pakistan.
UAN: 92(51) 111-322-322; Fax: 92(51) 2653443
Other Offices in Pakistan are in Lahore, Karachi and Sukker.
Total Employees
It has right now 105,000 employees from 140 different nationalities. Recently, due to a
downturn in the global oil & gas industry in 2015, Schlumberger announced 21,000 layoffs
accounting for 15% of their total workforce.[9]
Specialties[10]
Schlumberger is a very large setup services companies. It provides services in a very
diversified way as written below;
 Artificial Lift
 Cementing
 Coiled Tubing
 Completions
 Drilling
 Formation Evaluation
 Geophysical Services
 Perforating
 Reservoir Characterization
 Sand Control
 Software
 Stimulation
 Well Testing
 Mud Logging

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Weatherford is one of the largest international oil and gas service companies. The company
was founded in 1941 in Weatherford, Texas as the Weatherford Spring Company by Jesse E. Hall
Sr. In 1948, the company was renamed Weatherford Oil Tool Company (WOTCO) with ownership
by Jesse Hall, his son, Elmer, James E. Berry, and Juan A. Perea. From its inception, the company
pioneered an innovative technique and equipment for the cementing of cased-hole oil wells.
Originally marketed to U.S. well owners, Weatherford drilling and casing equipment was soon
being used in the oil fields of Venezuela by the Gulf Oil Company.[12]
Foundation
Its foundation was laid in 1941
Head Offices
In Switzerland
In Pakistan its head office is in Islamabad with address
Plot 386, I-9 Industrial Area, Islamabad
Tel: (92)(51)4449542-3; Fax: (92)(51)4441214
Total Employees
It is working in more than 100 countries across the globe and employs more than 61,000
people.
Specialties
 Drilling
 Evaluation
 Completion
 Production
 Intervention

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The company has more sand screen systems installed worldwide than any other company, and
production optimization systems in more than 100,000 wells around the world. Additionally,
Weatherford is the industry’s only provider of all forms of artificial lift.[11]
Halliburton Company is an American multinational corporation, and one of the world's
largest oil field services companies. In 1919, Erle P. Halliburton started the New Method Oil Well
Cementing CompanyOn July 5, 1961, the company changed its name to the Halliburton Company.
In 1963, Halliburton was the first company in Oklahoma to receive the Presidential “E” for Export
flag in recognition of notable contributions to foreign trade.[13]
Foundation
Its foundation was laid in 1941 but got recognition with its recent name in 1961.
Head Offices
The company has dual headquarters located in;
 Houston
 Dubai.
In Pakistan its head office is in Islamabad with address;
Plot No .18-20, Industrial Area, I-9/2 Islamabad
Tel: 92(51)4444951-2, Fax: 92(51)4439046
Employees
It has 70,000 employees, representing 140 nationalities in approximately 80 countries
Specialties[14]
 Drilling
 Evaluation
 Completion
 Production

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Sprint Oil & Gas Services FZC operates in several African, Middle East and Asian
Countries and provides well-services and surface testing services and solutions to their clients.
Sprint Oil & Gas Services maintains its focus in the Well Services domain and is dedicated to a
healthy and continuous growth for the upcoming years.[15]
Foundation
Its foundation was laid in 2003.
Head Offices
 Abu Dhabi
 Dubai
 Erbil
 Islamabad
Islamabad address
Plot # 5B, Industrial Area, I-10/3 Islamabad
Ph. No.: (92 51) 4438962, 4438961
Fax: (92 51) 4438963 to (92 51) 4438962, 4438961
Employees
Sprint oil & gas services company has about 500 employees at the time.
Specialties[16]
 Coiled Tubing Services
 Nitrogen Services
 Primary and Remedial Cementing Services
 Stimulation Services
 Surface Testing
 Filtration

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4.2 Operator Companies
Following operator companies are working in Pakistan;
 Oil & Gas Development Company Ltd. (OGDCL)
 Pakistan Petroleum Ltd. (PPL)
 Mari Petroleum Company Ltd. (MPCL)
 Ente Nazionale Idrocarburi (ENI) Pakistan
 BHP Billiton Ltd. (BHP)
 MOL Pakistan
 OMV Pakistan
 United Energy of Pakistan (UEP)
 PEL
 Dewan
 Pakistan Oilfields Ltd. (POL)
4.2.1 BP Pakistan:
British Petroleum is one of the world’s seven “Super
major” oil and gas companies. It is a British multinational
company, whose performance in 2012 made it the world’s 6th
largest oil and gas company, the 6th largest energy company by
market capitalization and the company with the world’s 5th
largest revenue.
BP (British Petroleum) delivers energy products and
services that people around the world need. BP is working in
almost 80 countries all around the world. BP has two segments for this purpose which are:
 Upstream Segment
 Downstream Segment
The upstream segment is responsible for oil and natural gas exploration, field development and
production. The downstream segment is focused on the refining and marketing of fuels, lubricants
and petrochemicals.[17]
Head Office
British Petroleum’s executive Offices are in;
 London
 England
 Pakistan

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In Pakistan, the executive Offices are situated in:
1. Habib Bank Tower, 17th floor Jinnah Avenue, Islamabad.
Phone: 051-2206487 051-2206497
2. 3rd Floor, Behria Complex No. 1, M.T Khan Road, Karachi.
Phone: 021-5611194
Foundation
British Petroleum origin’s date back to the founding of the “Anglo-Persian Oil Company”
in 1908, established as a subsidiary of “Burma Oil Company” to exploit oil discoveries in Iran. In
1935, it became the “Anglo-Iranian Oil Company” and in 1954 “British Petroleum”.
Total Employees
BP has total employees 84,500 all over the world.
Production Statistics
The production statistics of BP in Pakistan for the year 2014 is:
 34.5 billion cubic meters of natural gas
 32.5 thousand barrels per day of oil.
Recent Activities
In 2010, BP announced an agreement to sell almost all of its exploration and production
assets in Pakistan to “United Energy Group Limited (UEG). UEG paid a total of $775 Million in
cash for these assets which consist of nine producing and exploration blocks in Sindh province and
four offshore blocks in the Arabian Sea. BP closes its operation in Pakistan due to “Oil Spill” in
the Gulf of Mexico in April, 2010.[18]
But in the start of 2015, BP has invested in Pakistan again and started two projects in
Pakistan. BP has won bids for two new exploration blocks at “Digri” and “Sanghar” in Sindh
Province of Pakistan.
4.2.2 ENI Pakistan:
The name “Eni” was initially the acronym of “Ente
Nazionale Idrocarburi” which means “National
Hydrocarbon Authority”.Eni is the Italian oil and gas
company headquartered in Rome. It has operations in 79

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countries and is currently world’s 11th largest industrial company with a market capitalization of
68 billion euros (US$90 billion). The Italian government owns 30.303% Golden Share in the
company. Another 2.012% of shares are held by People’s Bank of China. The company is a
component of the Euro Stoxx 50 stock market index.
Eni engages in oil and gas exploration, field development and production, as well as in
supply, trading and shipping of natural gas, LNG, electricity, fuels and petrochemical products. In
these businesses, it has a strong competitive edge and leading international market positions.
Through refineries and chemical plants, Eni processes crude oil and other oil-based
feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or
through retail network or distributors.
Eni has been working in Pakistan since 2000. Eni is the operator of Bhit and Kadanwari
gas producing fields and is a partner in the third party operated fields of Zamzama, Sawan, Mi’ano
and Rehmat.[19]
Head Office
Eni’s executive Offices are in:
 Italy
 Pakistan
In Pakistan, the executive office is situated in:
5th Floor, the Forum, Khayaban-e-Jami, Clifton Karachi
P.O. Box # 12369, Sindh Pakistan.
Phone: 021-35879951-80
Foundation
Eni was founded and established by law in 1953 from an existing company “Agip” created in
1926 with the aim to explore for oilfields, acquire and commercialize oil and derivatives.
In 1954’ Eni chooses its own logo, the six legged dog, an imaginary animal symbolizing the
sum of a car’s four wheels and two legs of its driver.
Total Employees
Eni has 77,838 employees all over the world.
Location of Rigs
 Operator of Gorakh, Mithi, Rajor Umarkot and Thar exploration blocks onshore.
 Partner in the Middle Indus onshore exploration blocks of Mubarak, South West Miano,
Gambat and Latif

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 Two offshore Exploration licenses in the Indus Delta.
Production Statistics[20]
The production statistics of Eni in Pakistan for the year 2014 is:
 30.26 billion cubic meters of natural gas
 63 thousand barrels per day of oil
Recent Activities:
 Eni’s main permits in Pakistan are Bhit/Bhandra (Eni operator with 40% share), Sawan
and Zamzama. These projects accounted for 75% of Eni’s production in Pakistan.
 A new gas discovery has been made by Eni in Pakistan in 2013, situated at the “Lundali
Will” 30km in the west of Bhit Block.
 Eni is the operator of the Sukhpur Block with a 45% working interest. The other joint
venture partners are PPL with 30% and
KUFPEC with 25% shares.
4.2.3 OMV Pakistan
OMV is an integrated international oil and
gas company. OMV was incepted as a part of joint
venture, consisting of OMV Pakistan as the
operator, Hardy Oil & Gas (now Eni group),
Pakistan Petroleum Limited (PPL) and OGDCL.
OMV is a 100% subsidiary of OMV “Aktiengesellschaft” which is Austria’s largest listed
industrial company. OMV is active in upstream and downstream businesses. As the oil and gas
group in central Europe, OMV is active in Refining and Marketing (R&M) in 13 countries and in
Exploration and Production (E&P) OMV is active in 18 countries on five continents. OMV is one
of the largest listed industrial companies in Austria. The “International Petroleum Investment
Company (IPIC)” of Abu-Dhabi acquired an initial 19.6% interest in the group at the end of 1994.
In the years to date OMV (Pakistan) has established itself as the largest gas producer in
Pakistan with an operated volume of more than110,000 barrels of oil equivalent per day from
Kadanwari, Miano and Sawan fields. This represents about 16% of the total gas produced in
Pakistan.
The first significant achievement was the discovery of “Miano Gas Reservoir” in the Thar
desert of Sindh province if Pakistan. It came about by the end of 1993, just three years after the
OMV came in Pakistan. The second major breakthrough came five years later i.e. 1998, from the

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field named Sawan, again from the same area of Sindh. Sawan was and is one of the largest
discoveries of gas reserves in Pakistan. In a record of nineteen months from the ground breaking
ceremony in January 2002 of Sawan gas plant, OMV was able to sell its raw gas by July 2003.
OMV is actively expanding its exploration operations at the present time, in Pakistan.
In 2015, OMV became the latest oil and Gas Company to post a loss in Libya and Yemen,
due to security concerns in these two countries, after the crude prices collapse.
Head Office:
OMV’s executive Offices are in
 Vienna
 Pakistan
Islamabad Stock Exchange Tower, 16th Floor, 55-B, Jinnah Avenue Blue
Area, Islamabad.
Phone: 051-2894840-47
Foundation
OMV originated in 1956 as a joint stock company formed out of “Sowjetischen
Mineralolverwaltung” (SMV). Four years later, in 1960, the company opened the Schwechat
refinery near Vienna. At the end of 1987, 15% of OMV was privatized making the first public
listing of a state owned company in Austria. In 1989, OMV acquired a 25% stack in plastic group,
Borealis.
Total Employees:
OMV has 25,501 employees all over the world.
Production Statistics:
The production statistics of OMV in Pakistan for the year 2014 is:
 43.2 million cubic meters of natural gas
 60 thousand barrels per day of oil
Recent Activities:
 OMV has announced the discovery of gas in the Latif South-1 exploration well in the Latif
Exploration License. It is a joint venture of OMV (33.4% share), Pakistan Petroleum
Limited (33.3% share) and Eni Pakistan Limited (33.3%).[21]

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 OMV became the latest oil and gas company to post a loss in Libya & Yemen in Feb. 2015.
4.2.4 MOL Pakistan
MOL Group is an acronym of “Magyar OLaj” and a
Hungarian multinational oil and gas company. MOL Oil &
Gas Company Limited, is a fully owned subsidiary of the
MOL Group is operating in Pakistan since 1999. It has
worked on gas infra-structure projects. MOL is second most
valuable company in Central and Eastern Europe. MOL’s
revenue was equal to one fifth of the Hungary’s GDP at the
time. In MOL Group, the shareholder is Hungarian State
with 24.74% shares, CEZ Group with 7.35%, Oman Oil
Budapest with 7.00% and OTP Bank with 5.84% shares. More than 50% of shares are free floated.
MOL is vertically integrated and is active in every area of oil and gas industry, including
exploration and production, refining, distribution and marketing, petrochemicals, power
generation and trading. It has minor renewable activities in the form of bio-fuels. It has operations
in more than 40 countries and has nearly 2000 service stations in Central and Eastern Europe. It is
market leader in Hungry, Croatia and Slovakia.
MOL’s downstream operations manufacture and sell products such as fuels, lubricants,
additives and petrochemicals. The company’s most significant areas of operations are Central and
Eastern Europe, Southern Europe, North Sea, Middle East and Russia. It has a market
capitalization of more than $7 billion at close of trading on 3 November, 2015, the second largest
of companies listed on the Budapest Stock Exchange. It has secondary listings on Euronext and
Warsaw Stock Exchange.
MOL Pakistan has a very successful track record of operations in Pakistan where it has
operations as well as non-operated joint ventures with the local E&P Companies.23 out of 30 wells
drilled remained successful.
MOL strives to promote the welfare of community. It is actively engaged in community
development in TAL concession area. It has provided basic health unit facility at Gurguri and
surrounding area and have constructed eight bed hospital, has up-graded various schools and boys
colleges at Kohat and Hangu in the past. In 2002, MOL has built an examination hall for one
hundred students in the vicinity of boy’s school at Gurguri. MOL is also planning to drill two water
wells in the village Gurguri and Urbashi, besides the road from Terii to Gurguri will also be
repaired during this year.

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Head Office
MOL’s executive Offices are in:
 Hungry
 Europe
 Middle East
 Pakistan
Plot-5/A, Crown Plaza, F-7 Markaz, P.O. Box # 4562, Islamabad.
Phone: 051-2655801 051-2655810
Foundation
MOL was formed in 1957. MOL was established on 1 October 1991 through the merger of 9
companies as a legal successor of former members of National Oil and Gas Trust which was
established in 1957. By 1995, the actual integration of companies was completed and the
previously separated entities started to operate within one joint organization. MOL went for a
privatization strategy in order to respond to international market challenges and also it pioneered
in the regional consolidation of oil and gas industry.
Total Employees
MOL has 31,471 employees all over the world. It has 500 employees in Pakistan.
The production statistics of MOL in Pakistan for the year 2014 is:
 32.5 million cubic meters of natural gas
 66.35 thousand barrels per day of oil
Recent Activities
 Currently MOL Pakistan is the operator of Tal, Margala and Margala North. MOL has
managed to drill 13 exploratory wells, 6 appraisal wells and 12 development wells in the
operated blocks
 MOL Pakistan acquired 30% working interest in the Mari Petroleum Company Limited
(35% share) operated in “Ghauri” Block.[22]

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23
4.2.5 BHP-Billiton Petroleum Limited
BHP-Billiton is an Anglo-Australian
multinational mining, metals and petroleum
company headquartered in Melbourne, Australia. It
is the world's largest mining company measured by
2013 revenues. BHP-Billiton is the world’s largest
resource company with a focus on creating value
through the discovery, development and conversion
of natural resources.
BHP-Billiton Petroleum Limited has been active in Pakistan since 1994. After a successful
exploration review in 1993-4, in 1995 a joint venture led by BHP-Billiton Petroleum was awarded
the Dadu concession located in the province of Sindh. The Zamzama Field represents BHP-
Billiton Petroleum’s first commercial production in Pakistan. In short period since its inception,
their community Development Program has already begun to make a tangible difference in the
areas of health, education, provision of basic infra-structure and sustainable livelihood. Its major
products are Iron ore, coal, petroleum, copper, natural gas, nickel & uranium.[23]
Head Office
BHP-Billiton’s executive Offices are in:
 Melbourne, Australia
 London, United Kingdom
 Islamabad, Pakistan
House # 42, Khayaban-e-Iqbal, Main Margalla Road F-7/2, Islamabad.
Phone: 051-2651365 051-2651366
Foundation
BHP-Billiton Petroleum Limited was formed in 2001. BHP-Billiton was created through the
merger of the Australian Broken Hill Proprietary Company Limited (BHP) and the Anglo–Dutch
Billiton.
Total Employees
BHP-Billiton Petroleum Limited has 47,044 employees all over the world.

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24
The production statistics of BHP-Billiton in Pakistan for the year 2014 is:
 35.5 million cubic feet of natural gas
 26.70 thousand barrels per day of oil
4.2.6 Oil & Gas Development Company Ltd.
(OGDCL)
Oil and Gas Development Company Limited commonly
known as OGDCL is a Pakistani multinational oil and gas company
(E&P). It has primary listing on Karachi Stock Exchange, and
secondary listings on London, Lahore and Islamabad stock
exchanges. Established in 1961 by the Government of Pakistan it
was turned into a public listed company on 23 October 1997.
Head Office
OGDCL House, Plot No.3, Jinnah Avenue, Blue Area, Islamabad.
Location of rigs in Pakistan
Sindh Punjab Baluchistan KPK
Tando Alam (Oil) Fimkassar (Oil) Loti (Gas) Chanda (Oil)
Lashari (Oil) Missa keswal (Oil) Uch (Gas) Mela (Oil)
Thora (Oil) Toot (Oil) Pirkoh (Gas) Nashpa (Oil)
Sono (Oil) Chak Naurang (Oil)
Missan (Oil) Kal (Oil)
Pasakhi (Oil) Rajian (Oil)
Bobi (Gas/Condensate) Bahu (Gas)
Qadirpur (Gas) Nandpur/Panjpir (Gas)
Kunnar/Kunnar Pasakhi
Deep(Gas/Condensate)
Dakhni (Gas/Condensate)
Norai Jagir (Gas/Condensate) Dhodak (Gas/Condensate)
Daru (Gas/Condensate) Sadqal(Gas/Condensate)
Hundi/Sari (Gas)
Sinjhoro (Gas/Condensate)
Nur (Gas/Condensate)
Bagla (Gas/Condensate)
Maru-Reti Gas Field
Sari (Gas Field)

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25
Recent activities
OGDCL is currently working on the following projects:
 Soghri Development project, Jand District, Punjab.
 Uch-II Development Project, Dera Bugti, Balochistan.
 Jhal Magsi Development Project, Balochistan.
 Nashpa/Mela Development project, KPK.
 Sinjhoro Development project, Sanghar, Sindh.
 KPD-TAY Integrated Development project.
 Crude oil production of the company on working interest basis averaged 40,367 barrels
(6,417.8 m3) per day (2013-14)
 Gas production of the company on working interest basis averaged 1,136.4×106 cu ft
(32,180,000 m3) per day (2013-14)
 LPG product on working interest basis averaged 202 metric tons per day
 It has repeatedly ranked among the Forbes Global 2000.
 The remaining recoverable reserves of OGDCL stood more than 142 million barrels
(22,600,000 m3) of oil and 9,997 billion cubic feet 9,997 billion cubic feet (283.1 km3) of
gas as of June 30, 2010.
 In 2013, it has revenue of Rs. 223.365 billion and profit before tax soaring at Rs. 90.777
billion.[24]
Employees
The company has 11,000 employees on its payroll. OGDCL has some of the finest
professionals but due to the failure of top management the full potential of OGDCL was never
utilized to the benefit of Pakistan. Had these professionals been utilized wisely and on merit; today
Pakistan would be self-sufficient in energy.
4.2.7 Pakistan Petroleum Ltd. (PPL)
The company’s history can be traced back to the
establishment of a public limited company in June 1950,
with major shareholding by Burmah Oil Company (BOC)

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26
of the United Kingdom for exploration, prospecting, development and production of oil & natural
gas. 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.
Head Office
4th Floor PIDC HouseDr. Ziauddin Ahmad RoadKarachi
P.O.Box: 3942Pakistan Petroleum Limited
UAN: +92-21-111-568-568 Tel. No.: +92-21-35651480-89
Fax No.: +92-21-35680005 +92-21-35682125
Recent Activities
New ventures are primarily focused on enhancing the company’s exploration programme
by identifying, evaluating and acquiring selective exploration and production assets and actively
pursuing partnerships with other E&P companies to increase opportunities and curtail exposure.
Growth possibilities through new projects in oil, gas and mining of other minerals are also
being evaluated. Similarly, feasibility studies for special projects are being carried out to assess
possibilities for prospective business expansion.[25]
 Pakistan Petroleum Limited (PPL) operates eight producing fields in Sui, Kandhkot, Adhi,
Mazarani, Chachar, Adam, Adam West and Kinza.
 Daily gas production of PPL from its operated and partner-operated fields stands at around
one billion cubic feet (bcf) per day, which is 20% of the country’s total gas production.
 On June 30, 2015 PPL’s proven recoverable reserves were 2.012 (Tcf) of natural gas,
17.041 (MMbbl) of oil and 309,918 (tons) of LPG.
 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.
Employees
Pakistan Petroleum Limited (PPL) employs around 2700 staff stationed at various office
and field locations in the country. As one of the oldest E&P companies that is focused on growth,
PPL provides excellent long term career prospects, a merit based and enabling working
environment and professional opportunities for both experienced and fresh graduates.

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27
4.2.8 Pakistan Oilfields Ltd. (POL)
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.
Head Office
Pakistan Oilfields Limited, POL House, Morgah, Rawalpindi.
Ph.: 0092-51-5487589-97
Fax: 0092-51-5487598-99
Exploration & Production
The Company has Joint Venture agreements with the following E&P companies:
 The Attock Oil Company Limited in Central Potwar (Turkwal), Pindori, Kirthar and Ikhlas.
 Oil & Gas Development Company Limited (OGDCL) in Pindori, Chak Naurang, Gurgalot
Block and Kotra.
 MOL Pakistan in Tal Block, Margala and Margala North. In Tal Block Oil & Gas
discoveries have been made in Manzalai, Makori, and Mamikhel and Maramzai fields.
Manzalai Central Gas Processing facility, having capacity of 300 MMSCFD, has been
commissioned on October 28, 2009 to process gas from Manzalai field. The plant is
currently processing 233 MMSCFD of gas. POL has a 25% pre-commerciality working
interest in this venture.
 Pakistan Petroleum Limited in Adhi.
 Two new exploration licenses have been awarded to POL in Dera Ghazi Khan and
Rajanpur Blocks in January 2010.
 POL exploration team is proactively evaluating exploration and exploitation opportunities
within and outside Pakistan with an ultimate aim to sustain long-term production goals and
bring value for the shareholders.[26]

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28
4.2.9 Mari Petroleum Company Ltd. (MPCL)
Mari Petroleum Company Limited is one of Pakistan’s
largest E&P companies operating the country’s 2nd largest
gas reservoir at Mari Field, District Ghotki, Sindh MPCL was
founded in December 1984.
Head Office
21, Mauve Area, 3rd Road, G-10/4
P.O.Box: 1614, Islamabad-44000
Tel: (+92)051111-410-410 (+92)0518092200
(+92)0512352857 (+92)0512352861
Fax: (+92) 051 2352859
Recent Activities
MPCL started extensive geological and geophysical exploration in 2001, often in
partnerships with local and international exploration and production companies to tap indigenous
hydrocarbon resources of the country. MPCL’s success ratio in 2013-14was 100 percent as MPCL
drilled five oil/gas wells and all were successful which resulted in the significant increase in the
company's oil/gas production.[27]
Following is the average daily production from various fields:
 Gas → 610+ MMSCF/day
 Oil → 500-1500 bbls/day
 Condensate → 180+ bbls/day
 LPG → 5 MT/day
 MPCL has the revenue of Rs. 31.4 billion (2011). The remaining recoverable reserves of
MPCL operated blocks stood more than 4.26 Trillion Cubic Feet of gas as of February 29,
2012.

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29
4.2.10 United Energy Pakistan (UEP)
United Energy Pakistan (UEP) assumed control of oil
and gas exploration and production assets managed by British
Petroleum (BP) Pakistan in September, 2011.
Head Office
Bahria Complex 1, 24 Moulvi Tamizuddin Khan
Rd, Karachi
Ph.: (021)35611194
Location of rigs
UEP works in the area that spans eight districts in Sindh province which are Badin, Tando
Mohammad Kahn, Tando Allahyar, Thatta, Hyderabad (rural)), Matiari, Sanghar and Mirpurkhas.
Recent Activities
Recently the Company also won the bids for two new exploration blocks, Digri and
Sanghar South, which lie adjacent to UEP’s Mirpurkhas Khipro concession areas.
Assets
The assets consist of nine producing and exploration blocks in Sindh Province and four
offshore exploration blocks in the Arabian Sea. This translates to an onshore footprint of more
than 10,000 squares kilometers and the largest offshore acreage given to any single exploration
and Production Company in Pakistan so far, situated 250 km south of Karachi in ultra-deep
waters.[28]

__________________________
30
References:
1. https://www.papg.org.pk/ehis.asp
2. "International Sovereign Energy Inks Deal for Toot Oilfield". Rezone. 2005-01-05.
Retrieved 2007-12-23.
3. http://sp.lyellcollection.org/content/50/1/503.extract
4. http://www.ocac.org.pk/
5. MPNRECC Report Final-Updated 09-Apr-2015
6. http://tribune.com.pk/story/866729/country-becomes-importer-no-significant-
boost-in-gas-production-in-14-years/
7. http://www.eia.gov/beta/international/analysis.cfm?iso=PAK
8. "10-K". Retrieved March 26, 2015.
9. "Europe, C.I.S. & Africa Area ." Schlumberger. Retrieved on October 25, 2015.
10.www.slb.com
11.https://www.linkedin.com/company/weatherford?trk=company_logo
12.http://www.weatherford.com
13.https://www.linkedin.com/company/halliburton?trk=extra_biz_viewers_viewed
14.http://www.halliburton.com
15.https://www.linkedin.com/company/sprint-oil-&-gas-
services?trk=extra_biz_viewers_viewed
16.http://www.sprint-oilfieldservices.com
17.http://www.bp.com/
18.http://www.bp.com/en/global/corporate/press/press-releases/bp-agrees-to-sell-
upstream-interests-in-pakistan-to-united-energy-group-limited.html
19.http://www.ppepca.com/communitydevelopment/Eni_Pakistan_Limited.html
20.https://www.eni.com/world-oil-gas-review-2014/sfogliabile/O-G-2014.pdf
21.http://www.energy-pedia.com/news/pakistan/new-165270
22.http://molpakistan.pk/operations-activities
23.http://www.ppepca.com/communitydevelopment/BHP.html
24."ODGCL - Board of Directors". http://www.brecorder.com/top-stories/0/1181256/.
Retrieved May 9, 2014.
25."Oil & Gas Development investor face sheet" (PDF). Forbes. June 30, 2013.
26.www.ppl.com.pk/
27.www.pakoil.com.pk/
28.http://www.uep.com.pk/

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