Page 6 - Condensed Interim Financial Information - December 31, 2017

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Exploration and development activities
Producing Fields
At Balkassar field (100% owned by POL), 3D Seismic Data acquisition of 191.25 Square kilometers
has been completed. 3D seismic data processing is in progress.
At Joyamair field (100% owned by POL), Joyamair Deep-1 (an exploratory well) has been spudded on
October 14, 2017 and drilling at 6,863 ft is in progress to explore deeper potential. Target depth of the
well is +/- 8,900 ft.
At Khaur Lease (100% owned by POL), Khaur North-1 (an exploratory well) was spudded on
November 08, 2017 and drilling down to 7,650 ft is in progress to explore remaining potential of the
area. Target Depth of the well is +/- 14,640 ft.
At Turkwal Lease (operated by POL with 67.37% share), 3D seismic planning is in progress to explore
full potential of the area.
At Pariwali Lease (operated by POL with 82.50% share), reservoir simulation study has been
completed. Based on study, workover on Pariwali-2 well has been planned.
At Pindori Lease (operated by POL with a 35% share), Pindori-10 a development well to drain the
remaining up-dip potential of the field has been approved.Acquisition of long lead items is in progress.
At TALblock (operated by MOL, where POLhas a pre-commerciality share of 25%),
Makori East-6 was spuded on January 22, 2017 tested Datta formation but no hydrocarbon
observed at surface, after that Hungu/Lamshiwal formations were tested and well produced 1,817
barrels of condensate per day, 4.63 million cubic feet of gas per day at 32/64” fixed choke size at
flowing wellhead pressure of 1,594 psi. It is expected that this well will be connected to production
line in themonth of February, 2018.
At Adhi field (operated by Pakistan Petroleum Limited, where POL has 11% share), Simulation Study
(Dynamic Model) ofAdhi Field is in progress.
Adhi-31 well location has been approved.
Adhi-29: The well was spudded on March 24, 2017, achieved well target depth of 11,017 ft. Tested
Tobra and Khewra formations and produced 504 barrels of oil per day and 1.61 million cubic feet of
gas per day at 48/64” choke size. The well has been connected to the production line.
Adhi-30: Well was spuded on May 28, 2017 and drilling of side track-1 hole down to 10,450 ft. is in
Adhi South X-1 an exploratory well was spudded on June 30, 2017 and drilled down to 10,384 ft. is
in progress. The planned target depth is +/- 11,893 ft.
Jhal Magsi South field (operated by OGDCL, where POL has 24% share), installation of plant has been
stopped as decision regarding laying of pipeline by SSGCL is not finalised.
At Ratana Field (operated by Ocean Pakistan Limited, where POL has 4.545% share), 3D seismic data
acquisition of 376.86 square kilometers has been acquired and data processing is in process.
At Ikhlas block (operated by POL with 80% share), working on way forward of Ikhlas concession is in
progress. Preparation of evaluation report of Domial Field, including Domial Deep prospectivity is in
progress. SeismicAcquisition planning over Langrial prospect is in progress. Presently, “Jhandial – 1”
is under evaluation and producing around 1,000 barrels of oil per day and 8.7 million cubic feet of gas
per day.