Page 232 - Pakistan Oilfields Limited - Annual Report 2020

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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
230
PAKISTAN OILFIELDS LIMITED
2020
2019
Rupees ('000)
29.
AMORTIZATION OF DEVELOPMENT AND
DECOMMISSIONING COSTS
Amoritzation charge for the year - note 15
2,619,002
3,774,333
Revision in estimates of provision for decommissioning costs
in excess of related decommissioning costs asset credited to
statement of profit or loss - note 10.2.1
(209,176)
(462,784)
2,409,826
3,311,549
30.
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 Gas Company B.V.
- TAL Block
763,677
65,876
- Margala Block
129,815
111,639
- Margala North Block
-
(10,529)
Oil and Gas Development Company Limited
- Kotra
3,005
2,213
- 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 16
-
1,619,056
1,405,418
2,048,986