Page 25 - Pakistan Oilfields Limited - Annual Report 2020

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• Our strategy and legal
obligation is to generate
value for our shareholders.
Taking consideration
the capital needs of the
company, offering higher
return in the shape of
cash dividend to our
shareholders from current
year profits.
• Key Performance
Indicators (KPIs) are used
and monitored to compare
the overall performance of
the Company.
Resource Allocation
Company believes in efficient
allocation of all available
resources at hand including
financial capital, human
capital, manufactured capital,
intellectual capital and social
capital in order to implement
and achieve desired strategic /
management objectives.
Key Performance
Indicators
POL measures its performance
in line with its strategic
objectives of growing the
value of the underlying
assets of the business and
creating significant returns
for shareholders in a safe and
responsible manner.
Financial Capital
Planning
There are no liquidity issues
for the company and POL is
in strong financial position
due to effective strategic
management.
Future Orientation
a) In-depth evaluation of
granted Exploration
Blocks to identify drillable
prospects.
b) Exploit full potential of own
and operated fields and
delineation any possible
/ drillable potential in the
already granted D & P
Leases.
c) Evaluation of open
acreage to apply for new
prospective blocks in
the forth coming bidding
round.
d) Search for possible farm-
in after in-depth review of
Exploration Blocks, with
credible companies.
e) Efforts to farm-out high
risk Exploration Blocks.
f) Extend hydrocarbon
exploration activities
overseas where
technically and
economically viable.
g) Evaluate producing blocks
which are being offered
for sale in Pakistan and
overseas.
Significant Changes
in Objectives and
Strategies from the
Previous Year
There has been no significant
change in the Company’s
objectives as strategies are
well planned by management.
However, actual measureable
targets are revised each year
taking into consideration
different internal and external
factors.
Our focus is to grow
shareholders’ value by
leveraging our development
capabilities
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PAKISTANOILFIELDS LIMITED