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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
156
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
27.
AMORTIZATION OF DEVELOPMENT
AND DECOMMISSIONING COSTS
Amortization charge for the year - note 14
2,619,002
3,774,333
Revision in estimates of provision for decommissioning
costs in excess of related assets credited to
statement of profit or loss - note 9.2.1
(209,176)
(462,784)
2,409,826
3,311,549
28.
EXPLORATION COSTS
Geological and geophysical cost:
Own fields
22,831
30,194
Share in joint operations operated by the Company
- DG Khan
75,685
58,699
- Ikhlas
289,195
61,873
- Kirthar South
39,008
32,460
Share in joint operations operated by others
MOL Pakistan Oil and
- TAL Block
763,677
65,876
Gas Company B.V.
- Margala Block
129,815
111,639
- Margala North Block
-
(10,529)
Oil and Gas Development
- Kotra
3,005
2,213
Company Limited
- Gurgalot
13,694
64,632
Pakistan Petroleum Limited - Hisal
33,138
18,474
Ocean Pakistan Limited
- Ratana
-
(5,601)
Mari Petroleum Company
Limited
- Taung
35,370
-
1,405,418
429,930
Dry and abandoned wells and irrecoverable cost charged to the
statement of profit or loss - note 15
-
1,619,056
1,405,418
2,048,986