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At Adhi Lease (operated by PPL, where POL has 11 share), Adhi-35 well was spuded on January 27, 2023, drilled
down to the target depth. Tested Khewra / Tobra formations which was found water wet. In order evaluate the full
potential of the well, preparation are under way to put this well on gas lift.
Adhi South-6 was spudded on June 18, 2023 and drilled to the target depth tested and currently producing 550
barrels of oil per day with well head flowing pressure of 135 psi.
Adhi South-8 and 9 wells have been approved by the joint venture partners.
At Ratana Development and Production Lease (operated by Orient Petroleum Inc., where POL has 4.54% share),
Ratana - 5A has been approved by the Joint Venture Partners.
Exploration Blocks
At Ikhlas block (operated by POL with 80% share), Jhandial well -3 drilling at 15,800 ft is in progress. The target
depth is +/- 17,855 ft.
At DG Khan block (operated by POL with a 70% share), gravity survey will be carried out to evaluate remaining
leads.
North Dhurnal block (operated by POL with 60% share) design study has been completed to acquire 285.3 square
kilometers 3D seismic data. Bidding process for data acquisition is under evaluation.
At Tal block (operated by MOL where POL has pre commerciality share of 25%), an exploratory well Razgir has
been spuded on January 09, 2024 and drilling at 1,355 feet is in progress. The target depth of this well is +/- 14,242
ft.
3D seismic data interpretation of Makori, Makori Deep, Billitang, Kot South, has been completed while seismic
interpretation on Kahi North, Sarozai, Sarozai Deep, Manzalai South, Manzalai Deep leads is in progress.
At Hisal block (operated by PPL where POL has 25% share), 3D seismic acquisition of 235 square kilometers has
been completed. Data processing to carry out the fracture identification study is in progress.
At Gurgalot block (operated by OGDCL where POL has 20% share), 3D seismic data interpretation has been
completed and subsurface location of Gurgalot X-1 has been finalized, well planning is in progress.
At Taung block (operated by Mari Petroleum where POL has 40% share), 340.94 square kilometers 3D Seismic
acquisition and interpretation has been completed for the identification of leads.
At Nareli Block (operated by Mari Petroleum where POL has 32% share), 2D seismic acquisition program of 456 line
kilometers-firm and 164 line kilometers-contingent was approved and data acquisition work is in progress.
Chah Bali exploration license was awarded to OGDC as an operator with 70% share and to POL with 30% share on
November 22, 2022. Agreement for Multanai Block is in the signing process with the Government.
In the recent bidding, POL won Saruna Block as an operator with 40% 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

Dubai
February 5, 2024

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