Knowledge (XXG)

Pakistan Petroleum

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2009–2010. Production commenced from two development wells and a third well spud-into during the fiscal year 2010–2011. Drilling of well Sui-92U was started in March 2010. The well was drilled up to the depth of 2,128 meters in the Pab reservoir and was successfully completed as a single-string producer from Sui upper limestone (SUL) in December 2010. Drilling of well Sui-89M started in January 2011 and was completed in February 2011. Sui-93M was drilled as a horizontal well using under-balanced drilling technology in the reservoir for the first time in pakistan to optimise field production. Well drilling started in March 2011 and completed in July 2011.
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mid-October 2010 adding 30 million cu ft/d (850 thousand m/d) of gas thereby increased available production to 190 million cu ft/d (5.4 million m/d). In December 2010, compression station began commercial operation to maintain contractual delivery pressure and enhance recovery ratio.
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Kandhkot gas field was discovered in 1959 but due to low demand, production did not begin until 1987. It was hit by a flood in August 2010 and one of the gas gathering mains (GGM) submerged completely and two GGMs partly. There were 25 producing wells out of which 15 were shut-in. Production from the
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During the financial year 2010–2011, the sales of barytes were 41,316 tonnes and Bolan earned a pre-tax profit of PKR 138.864 million from the barytes project in Khuzdar, as compared to PKR 148.800 million earned in 2009–2010. A sum of PKR 27.440 million appropriated towards reserves
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Sui gas field was discovered in 1952 and is PPL's flagship natural gas project. It is under the depletion phase, gas sales during the financial year 2010–2011 were 170.8 billion cu ft (4.84 billion m) against 177.6 billion cu ft (5.03 billion m) in
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Bolan Mining Enterprises is a joint venture on an equal basis between Pakistan Petroleum and the government of Baluchistan. A grinding mill having a capacity of 50,000 tonnes per year was set up and has met almost 80 percent of the total barytes required by oil exportation companies operating in
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from the peak of 195 million cu ft/d (5.5 million m/d) of gas. Eight wells were bought into operation by September 2010. After repairs, production increased to 160 million cu ft/d (4.5 million m/d). Two additional wells brought into operation by
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In 2012, Pakistan Petroleum acquired MND assets in Pakistan for $ 180 million. Later, it was unearthened that Pakistan Petroleum paid twice the market value and this resulted in the loss of PKR 6.21 billion. Subsequently, the
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for development and expansion. The company's net 50% share of the profit was PKR 55.712 million during the financial period 2010–2011.
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In December 2019, Pakistan Petroleum announced that it had made new discoveries of fresh oil and gas deposits in
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Pakistan Petroleum Limited was incorporated on 5 June 1950, when it inherited the assets and liabilities of the
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specifications. Bolan has been authorised by API to use their 'official nomogram' on Bolan barytes.
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which initially held 70 percent of the share with the rest mostly held by the government of
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PPL is operator and shares 100% in two fields named Kandhkot and Sui gas field.
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The Express Tribune, Published 24 December 2019, Retrieved 7 September 2020
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Pakistan. Bolan barytes are produced in accordance with the
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Pakistan Petroleum Limited finds fresh oil and gas deposits
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Profile of Pakistan Petroleum Limited on Business Recorder
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Corporate Profile Overview of Pakistan Petroleum Limited
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Published 19 February 2020, Retrieved 7 September 2020
395:. It operates major oil and gas fields, including the 1318:
Non-renewable resource companies established in 1950
707:"PPL acquired UK company at double the market value" 354: 724:Reporter, The Newspaper's Staff (28 October 2018). 349: 324: 314: 303: 280: 257: 234: 211: 192: 170: 143: 133: 117: 99: 89: 81: 53: 43: 449:initiated corruption reference cases against the 1323:Companies listed on the Pakistan Stock Exchange 757:Gas Field Overview | Pakistan Petroleum Limited 745:Kandhkot Gas Field | Pakistan Petroleum Limited 433:In 2004, Pakistan Petroleum was listed on the 1081: 875: 8: 29: 453:politicians that started to politicize the 1088: 1074: 1066: 882: 868: 860: 769: 767: 765: 763: 28: 671:"PPL offer price fixed at Rs55 per share" 370:Financials as of 30 June 2023 1333:Pakistani companies established in 1950 595: 1303:Government-owned companies of Pakistan 686: 684: 426:sold all its remaining equity to the 7: 1313:Energy companies established in 1950 639: 637: 635: 633: 631: 629: 627: 384: 506:Partners operated producing fields 299:(US$ 1.9 billion) (2023) 276:(US$ 2.8 billion) (2023) 253:(US$ 340 million) (2023) 230:(US$ 570 million) (2023) 207:(US$ 1.0 billion) (2023) 25: 1298:Oil and gas companies of Pakistan 1208:Oil & Gas Development Company 574:Discoveries in Sindh, Balochistan 474:field dropped to 70 million 342:Pakistan Petroleum Provident Fund 825: 811: 377:Pakistan Petroleum Limited (PPL) 289: 288: 266: 265: 243: 242: 220: 219: 197: 196: 35: 774:Raheel Ahmed (21 August 2013). 401:Petroleum Secretary of Pakistan 367:Footnotes / references 1328:Companies in the KSE 100 Index 447:National Accountability Bureau 1: 1293:2004 initial public offerings 387:) is a Pakistani state-owned 691:Evans, Damon (3 June 2022). 564:American Petroleum Institute 1349: 1308:Companies based in Karachi 1213:Pakistan Oilfields Limited 1153:Fauji Fertilizer Bin Qasim 1006:Pakistan Petroleum Limited 494: 336:PPL Europe E&P Limited 18:Pakistan Petroleum Limited 1266: 1223:Pakistan Refinery Limited 1113: 1054: 1011:Pakistan Refinery Limited 901: 391:company headquartered in 365: 34: 1148:Fauji Fertilizer Company 604:"PPL Annual Report 2023" 557:Bolan Mining Enterprises 517:Block-2768-3 (Block-22) 439:initial public offering 413:Burmah Oil Company Ltd. 333:Bolan Mining Enterprise 906:Air Link Communication 543:Block 3370-10 (Nashpa) 451:Pakistan Peoples Party 435:Karachi Stock Exchange 428:Government of Pakistan 308:Government of Pakistan 105:; 74 years ago 535:Makori East discovery 514:Block 2668-4 (Gambat) 441:at PKR 55 per share. 339:PPL Asia E&P B.V. 1269:As of September 2024 1103:   → 511:Block 2669-3 (Latif) 480:cubic metres per day 430:for $ 5.75 million. 1258:United Bank Limited 996:NetSol Technologies 780:The Express Tribune 711:The Express Tribune 520:Block 3370-3 (Tal) 484:standard conditions 422:In September 1997, 316:Number of employees 31: 1228:Pakistan State Oil 1218:Pakistan Petroleum 1163:Habib Bank Limited 1016:Pakistan State Oil 713:. 18 January 2017. 549:Qadirpur gas field 532:Maramzai discovery 529:Mamikhel discovery 478:(2.0 million 476:cubic feet per day 469:Kandhkot gas field 455:board of directors 424:Burmah Oil Company 30:Pakistan Petroleum 1275: 1274: 1203:National Refinery 1178:Maple Leaf Cement 1143:Engro Fertilizers 1138:Engro Corporation 1108: 1063: 1062: 1057:As of August 2024 991:National Refinery 971:Maple Leaf Cement 961:Interloop Limited 936:Engro Fertilizers 931:Engro Corporation 374: 373: 320:2,594 (2023) 16:(Redirected from 1340: 1104: 1090: 1083: 1076: 1067: 926:Dolmen City REIT 884: 877: 870: 861: 851: 850: 848:Official website 835: 830: 829: 821: 816: 815: 814: 803: 797: 791: 790: 788: 786: 771: 758: 752: 746: 740: 734: 733: 721: 715: 714: 703: 697: 696: 688: 679: 678: 667: 661: 660: 653: 647: 641: 622: 621: 619: 617: 608: 600: 538:Tolang discovery 386: 385:پاکستان پیٹرولیم 361: 358: 356: 298: 296: 292: 291: 285: 275: 273: 269: 268: 262: 252: 250: 246: 245: 229: 227: 223: 222: 214:Operating income 206: 204: 200: 199: 113: 111: 106: 103:5 June 1950 39: 32: 21: 1348: 1347: 1343: 1342: 1341: 1339: 1338: 1337: 1278: 1277: 1276: 1271: 1262: 1253:Systems Limited 1243:Searle Pakistan 1198:Millat Tractors 1118:Attock Refinery 1109: 1094: 1064: 1059: 1050: 1036:Systems Limited 986:Millat Tractors 911:Attock Refinery 897: 888: 846: 845: 842: 831: 824: 819:Pakistan portal 817: 812: 810: 807: 806: 798: 794: 784: 782: 773: 772: 761: 753: 749: 741: 737: 723: 722: 718: 705: 704: 700: 690: 689: 682: 677:. 29 June 2004. 669: 668: 664: 655: 654: 650: 642: 625: 615: 613: 606: 602: 601: 597: 592: 576: 559: 552:Sawan gas field 546:Miano gas field 508: 499: 493: 471: 463: 437:, following an 409: 369: 353: 345: 317: 297:540.867 billion 294: 293: 281: 274:794.444 billion 271: 270: 258: 248: 247: 239: 225: 224: 216: 205:288.053 billion 202: 201: 185: 181: 177: 166: 146: 136: 129: 125: 109: 107: 104: 73: 68: 58: 23: 22: 15: 12: 11: 5: 1346: 1344: 1336: 1335: 1330: 1325: 1320: 1315: 1310: 1305: 1300: 1295: 1290: 1288:Burmah-Castrol 1280: 1279: 1273: 1272: 1267: 1264: 1263: 1261: 1260: 1255: 1250: 1245: 1240: 1235: 1233:Pioneer Cement 1230: 1225: 1220: 1215: 1210: 1205: 1200: 1195: 1190: 1185: 1183:Mari Petroleum 1180: 1175: 1170: 1165: 1160: 1155: 1150: 1145: 1140: 1135: 1130: 1125: 1120: 1114: 1111: 1110: 1095: 1093: 1092: 1085: 1078: 1070: 1061: 1060: 1055: 1052: 1051: 1049: 1048: 1043: 1041:TPL Properties 1038: 1033: 1028: 1026:Shell Pakistan 1023: 1021:Pioneer Cement 1018: 1013: 1008: 1003: 998: 993: 988: 983: 978: 976:Mari Petroleum 973: 968: 963: 958: 953: 948: 943: 938: 933: 928: 923: 918: 913: 908: 902: 899: 898: 889: 887: 886: 879: 872: 864: 858: 857: 852: 841: 840:External links 838: 837: 836: 822: 805: 804: 792: 759: 747: 735: 716: 698: 680: 662: 648: 623: 594: 593: 591: 588: 575: 572: 558: 555: 554: 553: 550: 547: 544: 541: 540: 539: 536: 533: 530: 527: 524: 523:Manzalai field 518: 515: 512: 507: 504: 495:Main article: 492: 489: 470: 467: 462: 459: 408: 405: 372: 371: 363: 362: 351: 347: 346: 344: 343: 340: 337: 334: 330: 328: 322: 321: 318: 315: 312: 311: 305: 301: 300: 286: 278: 277: 263: 255: 254: 251:97.221 billion 240: 235: 232: 231: 228:165.60 billion 217: 212: 209: 208: 194: 190: 189: 187:Aviation fuels 172: 168: 167: 165: 164: 159:Shahab Rizvi ( 157: 152:Imran Abbasy ( 149: 147: 144: 141: 140: 137: 134: 131: 130: 127: 121: 119: 115: 114: 101: 97: 96: 91: 87: 86: 83: 79: 78: 59: 54: 51: 50: 45: 41: 40: 24: 14: 13: 10: 9: 6: 4: 3: 2: 1345: 1334: 1331: 1329: 1326: 1324: 1321: 1319: 1316: 1314: 1311: 1309: 1306: 1304: 1301: 1299: 1296: 1294: 1291: 1289: 1286: 1285: 1283: 1270: 1265: 1259: 1256: 1254: 1251: 1249: 1246: 1244: 1241: 1239: 1236: 1234: 1231: 1229: 1226: 1224: 1221: 1219: 1216: 1214: 1211: 1209: 1206: 1204: 1201: 1199: 1196: 1194: 1191: 1189: 1186: 1184: 1181: 1179: 1176: 1174: 1171: 1169: 1166: 1164: 1161: 1159: 1156: 1154: 1151: 1149: 1146: 1144: 1141: 1139: 1136: 1134: 1131: 1129: 1126: 1124: 1123:Bank AL Habib 1121: 1119: 1116: 1115: 1112: 1107: 1102: 1099:companies of 1098: 1091: 1086: 1084: 1079: 1077: 1072: 1071: 1068: 1058: 1053: 1047: 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Retrieved 610: 598: 577: 568: 560: 526:Makori field 500: 472: 464: 443: 432: 421: 410: 376: 375: 366: 326:Subsidiaries 283:Total equity 260:Total assets 118:Headquarters 44:Company type 26: 1193:Meezan Bank 1046:Unity Foods 981:Meezan Bank 951:Faysal Bank 785:7 September 584:Balochistan 183:Motor fuels 179:Natural gas 135:Area served 94:Oil and gas 1282:Categories 616:6 December 611:ppl.com.pk 590:References 461:Operations 237:Net income 145:Key people 139:Nationwide 110:1950-06-05 72:component 1133:DG Cement 956:Hub Power 921:DG Cement 457:in 2010. 389:petroleum 295:Rs.  272:Rs.  249:Rs.  226:Rs.  203:Rs.  175:Petroleum 77:component 56:Traded as 1188:MCB Bank 1101:Pakistan 895:Pakistan 730:DAWN.COM 675:DAWN.COM 419:(GoP). 417:Pakistan 310:(67.51%) 171:Products 161:Chairman 128:Pakistan 82:Industry 1106:KSE-100 407:History 393:Karachi 350:Website 193:Revenue 123:Karachi 108: ( 100:Founded 70:KSE 100 64::  1238:Sazgar 1097:KSE-30 891:KMI-30 85:Energy 75:KSE 30 48:Public 1248:SNGPL 1168:Hubco 1031:SNGPL 743:About 607:(PDF) 580:Sindh 482:) at 304:Owner 90:Genre 787:2020 618:2023 582:and 381:Urdu 357:.com 755:Sui 403:. 359:.pk 355:ppl 154:CEO 66:PPL 62:PSX 1284:: 778:. 762:^ 728:. 709:. 683:^ 673:. 626:^ 609:. 586:. 383:: 126:, 1089:e 1082:t 1075:v 883:e 876:t 869:v 789:. 732:. 695:. 659:. 620:. 379:( 163:) 156:) 112:) 20:)

Index

Pakistan Petroleum Limited

Public
Traded as
PSX
PPL
KSE 100
KSE 30
Oil and gas
Karachi
CEO
Chairman
Petroleum
Natural gas
Motor fuels
Aviation fuels
Operating income
Net income
Total assets
Total equity
Government of Pakistan
Subsidiaries
ppl.com.pk
Urdu
petroleum
Karachi
Sui gas field
Petroleum Secretary of Pakistan
Burmah Oil Company Ltd.
Pakistan

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