Page 29 - Pakistan Oilfields Limited - Annual Report 2021

STRATEGIC FOCUS AND

FUTURE ORIENTATION

of the company, offering higher return in the e) Efforts to farm-out high risk Exploration
shape of cash dividend to our shareholders Blocks.
from current year profits. f) Extend hydrocarbon exploration
• Key Performance Indicators (KPIs) are activities overseas where technically and
used and monitored to compare the overall economically viable.
performance of the Company. g) Evaluate producing blocks which are being
Resource Allocation offered for sale in Pakistan and overseas.

Company believes in efficient allocation of all Significant Changes in Objectives
available resources at hand including financial and Strategies from the Previous
capital, human capital, manufactured capital,
intellectual capital and social capital in order Year
to implement and achieve desired strategic / There has been no significant change in the
management objectives. Company’s objectives as strategies are well
Key Performance Indicators planned by management. However, actual
measureable targets are revised each year
POL measures its performance in line with its taking into consideration different internal and
strategic objectives of growing the value of the external factors.
underlying assets of the business and creating
significant returns for shareholders in a safe and
responsible manner.
Financial Capital Planning

There are no liquidity issues for the company
and POL is in strong financial position due to
effective strategic management. “
Future Orientation Our focus is to

a) In-depth evaluation of granted Exploration grow shareholders’
Blocks to identify drillable prospects. value by leveraging

b) Exploit full potential of own and operated
fields and delineation any possible / our development
drillable potential in the already granted D &
P Leases. capabilities
c) Evaluation of open acreage to apply for
new prospective blocks in the forth coming
bidding round.
d) Search for possible farm-in after in-depth
review of Exploration Blocks, with credible
companies.

ANNUAL REPORT 2021 27