The Exploration and Production (E&P) sector has become increasingly competitive over the last few years due to depleting reserves, regulatory refinements, macro-economic factors and fluctuating oil prices. To effectively address these challenges and sustain progressive growth, Pakistan Petroleum Limited has a dedicated Business Development team of qualified professionals to facilitate management in aggressively pursuing reserves acquisition and evaluate related opportunities in the business value chain as part of the strategic planning process.

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 strategic partnerships with other E&P companies to increase opportunities and curtail exposure. To this end, support is extended to Exploration to carry out due diligence, negotiations and close-out for new acquisitions and international exploration opportunities.

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.