News & Events: Archives

Karachi, October 27, 2017: The 66th Annual General Meeting of Pakistan Petroleum Limited (PPL) was held on October 27 at Pearl Continental Hotel, Karachi. Members approved financial statements for the fiscal year ended June 30, 2017 together with the auditor’s report thereon as well as final cash dividend of 60 percent on ordinary shares.

Islamabad: October 24, 2017: Pakistan Petroleum Limited (PPL) executed a Gas Sales Agreement with Central Power Generation Company Limited (CPGCL) also known as GENCO II for sale of up to 200 MMscfd gas with 72.5 percent 'Take or Pay' commitment, from its solely-owned and operated Kandhkot Gas Field (KGF) to GENCO II’s Guddu Thermal Power Station (GTPS), District Kashmore, Sindh. MD & CEO, PPL Syed Wamiq Bokhari and CEO, CPGCL Muhammad Ayub Ansari signed the agreement on October 23 in Islamabad.

Kandhkot: October 7, 2017: Honourable Prime Minister of Pakistan Shahid Khaqan Abbasi formally marked the exceptional production enhancement at Kandhkot Gas Field (KGF) during a well-attended event hosted by Pakistan Petroleum Limited (PPL). Minister of State for Petroleum Division, Ministry of Energy Jam Kamal Khan, Governor Sindh Muhammad Zubair and other provincial and local government officials, area notables and media as well as company directors and staff were present on the occasion.

Karachi: August 4, 2017: Pakistan Petroleum Limited (PPL) donated Rs. 6.85 million to Association for Children with Emotional and Learning Problems (ACELP) for equipment of vocational training workshops and a student transport vehicle.  MD & CEO PPL Syed Wamiq Bokhari handed over the donation cheque to President, ACELP Zainab Mehar Hasan at a simple event attended by officials from both organizations at PPL’s head office.

Karachi, July 20, 2017:Pakistan Petroleum Limited (PPL) recently drilled and completed tight gas horizontal well Naushahro Feroz (NF) Hor-1.

At total depth of 4940 metres and 1.3 km horizontal section in Chiltan Formation, NF Hor -1 is one of the deepest and longest horizontal wells in tight gas reservoir drilled in Pakistan. It is also the country’s first well to be completed with ten-stage multi-frack. 

Karachi: June 7, 2017: “As a major stakeholder in fulfilling the country’s energy requirements, Pakistan Petroleum Limited (PPL) remains committed to investing in human resource development and use of latest technology for the Exploration & Production sector through academia-industry partnership under its CSR programme,” highlighted MD and CEO PPL Syed Wamiq Bokhari during the handing over of the first tranche to NED University of Engineering and Technology (NED) for the PPL Chair in Petroleum Engineering (PE). As such, the company has committed an overall grant of Rs. 50 million over the next five years with an annual disbursement of nearly Rs. 10 million.

Karachi: June 1, 2017: In line with its commitment to Government of Pakistan to enhance gas production, Pakistan Petroleum Limited (PPL) achieved a breakthrough by increasing sales gas from Kandhkot Gas Field (KGF) to 230 MMscfd ahead of time and is ready to ramp it up further to 250 MMscfd when required. The field was earlier supplying an average of 180 MMscfd gas to Guddu Thermal Power Station. 

Karachi, May 2, 2017: MD & CEO Pakistan Petroleum Limited (PPL) Syed Wamiq Bokhari inaugurated the PPL-funded Neonatal Intensive Care Unit (NICU) at Indus Hospital (IH)’s Shaikh Saeed Memorial Campus (SSMC), Karachi on May 2. CEO, IH Dr. Abdul Bari Khan and Senior Manager Administration, SSMC Dr. Farah Barialong with representatives from both organizationswere present at the event. 

KARACHI, May 1, 2017: Pakistan Petroleum Limited the operator of Gambat South Block with 65 percent working interest (WI) along with its joint venture partners Government Holdings Private Limited and Asia Resources Oil Limited with 25 percent and 10 percent WI, respectively, has announced a gas discovery at its exploration well Zafir X-1 located in District Sanghar, Sindh. 

Sui, April 6, 2017: “The only sustainable way of improving livelihoods and well-being of underserved communities in the country is by providing them access to quality education. We at Pakistan Petroleum Limited (PPL) are proud to establish a higher education facility for the benefit of our stakeholder local communities,” said MD & CEO Syed Wamiq Bokhari at the inauguration of the Virtual University (VU) campus in Sui, Dera Bugti presided over by Balochistan Home Minister Mir Sarfaraz Ahmed Bugti.