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AtAdhi field (operated by Pakistan PetroleumLimited, where POLhas an 11%share),
Adhi-26: The well was spuded on July 04, 2016 and successfully achieved target depth of 11,522
ft. Presently, the well is under testing phase.
Adhi-28: The well was spudded on November 28, 2016 and drilling down to 6,988 ft is in progress.
Workover to deepen Adhi well-15 was carried out and the well was completed with the comingled
production of 2,618 barrels of oil/condensate and 14.43million cubic feet of gas per day.
Workover to deepen Adhi well-17 was carried out and the well was completed with the production
of 600 barrels of oil and 0.996million cubic feet of gas per day.
The new Adhi gas processing Plant-3, having a capacity of 30 mmscfd of gas, is expected to be fully
functional by the next quarter.
At Ratana Field (Operated by Ocean Pakistan Limited, where POL has a 4.545% share), 3D seismic
data acquisition in Ratana D&P Lease is in progress. 182.60 square kilometers out of a total of about
377 square kilometers have been recorded and further 3D acquisition in progress.
At Ikhlas Block (operated by POL with an 80% share), an exploratory well Jhandial -1 was spudded on
August 22, 2016 and drilled down to 16,094 ft. at the close of reporting period. The prognosed target
depth is around 17,988 ft. Reprocessing of about 400 line kilometers of 2D seismic data has been
completed and interpretation is in progress to identify any drillable prospects.
At DG Khan block (operated by POL with a 70% share), the last acquired 2D seismic data identified
new leads based on which about 264 line kilometers additional 2D seismic data acquisition has been
planned to firmup the identified leads.
At Margala block (operated by MOLwhere POL has a 30% share), 2D seismic data acquisition of about
70 line kilometers has been completed to evaluate the potential in the exploration license.
At TALblock (operated by MOLwhere POLhas a pre-commerciality share of 25%)
2D/3D seismic data interpretation is in progress to explore the possible deeper plays in TAL block.
Acquisition of 870 sq. km. of gravity survey over western part of Manzalai has been resumed after
security clearance and processing of acquired gravity data is in progress. The location of Mamikhel
Deep-1 has been approved.
At Gurgalot block (operated by OGDCL where POL has a 20% share), Surqamar-1 was spudded on
March 07, 2015 after conducting several side tracks due to fishing and mud loss problems and drilled
down to a final depth of 16,299 ft. The initial results showed little amount of gas flow. Extensive testing is
in progress to determine the full potential of the well. 3D seismic data acquisition in Gurgalot block to
cover all themapped leads has been planned.
The Board, on behalf of all of the directors, shareholders and employees of the Company, would like to
place on record its sincere gratitude to respected ChairmanAttock Group of Companies, Dr. Ghaith R.
Pharaon who breathed his last on January 06, 2017. It was his vision, guidance, trust and confidence
which enabled a moderate business set up to become one of the leading business groups of the
country and thereby contributing significantly towards the economic development of the country. May
Allah rest him in eternal peace and give fortitude and courage to his family to bear this loss.Ameen
On behalf of the Board
Shuaib A. Malik
Chairman & Chief Executive
Rawalpindi
January 27, 2017
Exploration blocks
Acknowledgement
The Board would like to extend its gratitude to all its stakeholders for their continuous support, which
they have extended to Pakistan Oilfields Limited.