Page 6 - Untitled-1
P. 6

At Ratana field (operated by Orient Petroleum Inc., where POL has 4.545% share), Drilling at Ratana-5
        well side track-2 drilled down to 1,729 meters observed water influx tried to kill well during killing
        operation but string got stuck. No success after several attempts. Currently well killing operation is in
        progress.  Joint Venture Partners have finally decided to Plug and Abandoned the well.
        Exploration blocks
        At Ikhlas block (operated by POL with an 80% share), Jhandial 3D seismic data processing up to Pre
        Stack Depth Migration (PSDM) level is in progress. Contract has been awarded to complete the
        remaining project of Langrial 3D seismic.
        At DG Khan block (operated by POL with a 70% share), DGK-1, exploratory well has been spuded on
        October 20, 2021 and drilling is in progress. Remaining leads are under evaluation.
        At Kirthar South Block (operated by POL with an 85% share), Sindh Forest and Wildlife Department
        granted NOC to start the exploration activities in the area. Well staking of Bandhak-1 and its access
        route survey is in progress.
        At Margala block (operated by MOL where POL has a 30% share), 2D Seismic acquisition of 203 line
        kilometers has been completed, processed and interpreted. A prospect has been finalized to drill a well.
        Land acquisition for the surface drilling site is in progress.
        At Tal block (operated by MOL where POL has pre commerciality share of 25%), based on 3D Seismic
        data interpretation, an exploratory well Razgir has been approved by the joint venture partners. 152.93
        square kilometers Seismic data acquisition over KOT area was completed and data processing work is
        going on.
        Mamikhel South-01 well production line has been completed. In order to start production Government's
        approval is awaited for the 2012 Petroleum Policy Gas Price.
        At Hisal Block (operated by PPL where POL has 25% share), planning to acquire 3D Seismic data
        acquisition is in progress.
        At Gurgalot block (operated by OGDCL where POL has a 20% share), 320 square kilometers 3D
        seismic data acquisition has been completed and data processing is in progress.
        At Taung block (operated by Mari Petroleum where POL has 40% share), 340.94 square kilometers 3D
        Seismic acquisition has been completed.
        Following two exploratory blocks have been signed with the Government of Pakistan:
        1. Dhurnal North Block- POL is the operator with 60% share
        2. Nereli Block- POL as non-operator with 32% share

        Acknowledgement
        The Board would like to extend its gratitude to all its stakeholders for their continuous support, which
        they have extended to Pakistan Oilfields Limited.
        On behalf of the Board




        Shuaib A. Malik                                                  Abdus Sattar
        Chairman & Chief Executive                                      Director
        Rawalpindi
        October 21, 2021
        04
   1   2   3   4   5   6   7   8   9   10   11