Overview

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 companies.

As such, 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 the government in September 2009, PPL acquired 13 blocks as operator and one as joint venture partner.

Currently, PPL has 34 exploration blocks in Pakistan, of which the company operates 19 while the remaining 15 are operated by joint venture partners. This includes Offshore Indus-G, participation interest of which is expected to be granted soon. The company also has an international block in Yemen in partnership with OMV and is evaluating opportunities in the Middle East, Central Asia and Africa.