Page 30 - Pakistan Oilfields Limited - Annual Report 2021

FORWARD LOOKING

STATEMENT AND FUTURE

PLAN

We are committed to road and well site is in for decisions of new
increase the reserves progress. Well will be wells. Also bidding
of hydrocarbons and spuded in September for Seismic data
to explore all possible 2021. At Kirthar South, acquisition and
options for recovering Sindh Environmental processing will be
proven reserves Protection Agency planned in next year
in an optimal and (SEPA) approved the for North Dhurnal and
economically viable Environmental Impact Nareli blocks.
manner. Driven by our Assessment for drilling
vision to be the leading of Bandhak-1 & Pirani At Tal block,
oil and gas exploration Deep-1 and necessary well location for
and production No Objection Mardankhel-4 has
Company of Pakistan, Certificate (NOC) has been approved.
the Company is been issued. NOC from Based on 3D Seismic
investing substantial Forest and Wildlife data interpretation,
amount on exploration/ Department is awaited an exploratory well
development activities to start the exploration Razgir has also been
to increase its reserve activities due to being approved by the joint
base and with the part of Kirthar National venture partners.
Grace of Allah we are Park. In the recent bidding
pretty much hopeful to of Exploration Blocks,
get new successes. The Company is POL has won the
continuously investing
In the year 2021-22, in seismic data following blocks:
two exploratory wells acquisition, processing 1. Dhurnal North
(DGK-1 at DG Khan and interpretation. Block - Operator
and Bandhak-1 at Presently 3D/2D with 60% share
Kirthar South) and two Seismic data
development wells acquisition, processing 2. Nereli Block- Non -
(Adhi South-5 and 6) and interpretations are Operator with 32%
will be spudded. underway at Ikhlas, TAL share
West area, Gurgalot
At DG Khan, and Taung blocks
construction of access
which are prerequisites

28 PAKISTAN OILFIELDS LIMITED