Page 147 - Pakistan Oilfields Limited - Annual Report 2021
P. 147

NOTES TO AND FORMING


          PART OF THE FINANCIAL STATEMENTS

          FOR THE YEAR ENDED JUNE 30, 2021




                                                                                     2021            2020
                                                                                         Rupees ('000)

           14.      EXPLORATION AND EVALUATION ASSETS

                    Balance brought forward                                          2,773,514          52,761
                    Additions during the year                                          294,080       2,720,753
                                                                                     3,067,594       2,773,514

                    Wells cost transferred to development cost - note 13             (2,555,371)             -

                                                                                       512,223       2,773,514

           14.1     Break up of exploration and evaluation assets at June 30 is as
                    follows:

                    Own fields                      - Balkassar                              -       1,388,951
                    Share in joint operations
                    operated by the Company         - DG Khan                          512,223         379,587

                    Share in joint operations
                    operated by others

                     MOL Pakistan Oil and Gas       - TAL Petroleum Concession
                     Company B.V.                   (Block 3370-3)                           -       1,004,976

                                                                                       512,223       2,773,514










































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