Page 155 - Pakistan Oilfields Limited - Annual Report 2021
P. 155

NOTES TO AND FORMING


          PART OF THE FINANCIAL STATEMENTS

          FOR THE YEAR ENDED JUNE 30, 2021




                                                                                  2021              2020
                                                                                       Rupees ('000)

           26.      EXPLORATION COSTS

                    Geological and geophysical cost:

                     Own fields                                                          211            22,831
                     Share in joint operations operated by the Company

                                               - DG Khan                              68,543            75,685
                                               - Ikhlas                               35,891           289,195
                                               - Pindori                              (5,621)                -
                                               - Kirthar South                        59,312            39,008
                     Share in joint operations operated by others
                       MOL Pakistan Oil and    - TAL Block                            10,289           763,677
                       Gas Company B.V.        - Margala Block                        17,343           129,815
                                               - Margala North Block                     123                 -
                       Oil and Gas Development  - Kotra                                1,703             3,005
                       Company Limited         - Gurgalot                             14,250            13,694

                       Pakistan Petroleum
                       Limited                 - Hisal                                (4,405)           33,138

                       Mari Petroleum
                       Company Limited         - Taung                               296,616            35,370
                                                                                     494,255         1,405,418

           27.      ADMINISTRATION EXPENSES

                    Establishment charges                                            291,399           289,201
                    Telephone and telex                                                1,053             1,140
                    Medical expenses                                                  12,709            13,022
                    Printing, stationery and publications                              6,411             6,830
                    Insurance                                                          9,294             7,544
                    Travelling expenses                                                1,558             4,429
                    Motor vehicle running expenses                                    11,519            12,783
                    Rent, repairs and maintenance                                     71,313            70,758
                    Auditor's remuneration                            27.1             9,927             8,478
                    Legal and professional charges                                    10,043             3,104
                    Stock exchange and CDC fee                                         5,000             3,273
                    Computer support and maintenance charges                          34,742            34,085
                    Other expenses                                                     3,977             6,123
                                                                                     468,945           460,770
                    Less:  Amount allocated to field expenses                        274,437           268,449
                                                                                     194,508           192,321



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