Page 222 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Rupees ('000)
27. OPERATING COSTS

Operating cost - Own fields 909,268 449,239
- Share in joint operations 3,311,509 3,227,029
Well work over 79,441 47,060
POLGAS/CAPGAS - Cost of gas/LPG, carriage etc. 2,866,201 3,355,511
Head office and insurance charges 196,127 59,173
Pumping and transportation cost 72,171 57,413
Depreciation and amortization 1,540,943 1,497,550
8,975,660 8,692,975
Opening stock of crude oil and other products 404,494 313,921
Closing stock of crude oil and other products (298,357) (404,494)
9,081,797 8,602,402

28. AMORTIZATION OF DEVELOPMENT AND
DECOMMISSIONING COSTS
Amoritzation charge for the year - note 14 2,443,826 2,619,002
Revision in estimates of provision for decommissioning costs
in excess of related decommissioning costs asset credited to
statement of profit or loss - note 10.2.1 (232,072) (209,176)
2,211,754 2,409,826

29. 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 Gas Company B.V.
- TAL Block 10,289 763,677
- Margala Block 17,343 129,815
- Margala North Block 123 -
Oil and Gas Development Company Limited
- Kotra 1,703 3,005
- 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

220 PAKISTAN OILFIELDS LIMITED