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This year’s title depicts a humming bird making great effort
to extract nectar for its being. Humming birds are the smallest
migratory birds who travel thousands of miles to explore and
survive. Pakistan Oilfields as an E&P Company is in business
of exploring oil and gas reserves. These efforts turn into
profits when discoveries are made and fruit of labour benefits
the Company and the stakeholders.
OVERVIEW
COVER STORY
Pakistan Oilfields Limited is a leading oil and gas exploration and production
Company listed on Pakistan Stock Exchange (PSX). The Company’s prime focus is
to deliver performance through excellence in the field of exploration, drilling and
production of crude oil and gas. Pakistan Oilfields Limited (POL), a subsidiary of The
Attock Oil Company Limited (AOC), was incorporated on November 25, 1950.
AOC was founded in 1913 and made its first oil discovery in 1915 at Khaur, District
Attock. AOC has, therefore, pioneered exploration and production of oil and gas
in this region nearly a century ago. In 1978, POL took over the exploration and
production business of AOC. Since then, POL has been investing independently and
in joint venture with various exploration and production companies for the search of
oil and gas in the country.
In addition to exploration and production of oil and gas, POL plants also manufacture
LPG, solvent oil and sulphur. POL markets LPG under its own brand named POLGAS
as well as through its subsidiary CAPGAS (Private) Limited. POL also operates
a network of pipelines for transportation of its own as well as other companies’
crude oil to Attock Refinery Limited. In 2005, the Company acquired a 25% share
in National Refinery Limited, which is the only refining complex in the country
producing fuel products as well as lube base oils.