New Business Ventures
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 New Ventures International and Unconventional (NVIU) team of qualified professionals to facilitate management in identifying and evaluating business opportunities in the upstream oil and gas sector along with additional focus on mineral exploration.
NVIU is primarily focused on enhancing PPL’s exploration programme by identifying, evaluating and acquiring commercially sound exploration and production assets with long term value proposition for the shareholders.
The function consistently pursues strategic partnerships with local and international E&P companies having a demonstrated history of technical and financial expertise to carryout capital-intensive projects. This reduces PPL’s risk exposure while synergizing the technical expertise with our partners.
To this end, support is extended to management to carry out due diligence, negotiations and close-out for new acquisitions and international exploration opportunities. For this, NVIU undertakes swift actions to evaluate, negotiate and close investment transactions in stringent timelines while ensuring that the investment is aligned with PPL’s corporate goals
Growth possibilities through new projects in oil, gas and mining of other minerals are also being evaluated. Similarly, feasibility studies for special projects are also carried out to assess possibilities for prospective business expansion.