Page 30 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Business Model

POL has strong POL is an integrated E&P Company focused on honoring its

financial position economic, social and environmental commitments to all its
stakeholders, including the Company itself, its employees, joint
and it utilizes its venture partners, customers, suppliers, local, provincial and
unique position federal governments, local communities in and around the
Company’s areas of operations and the public at large. POL has
in the local E&P strong financial position and it utilizes its unique position in the
Industry to create local E&P Industry to create value across the geographic regions
and operational fields. POL’s Business objectives are aligned with
value across the its operational priorities grouped into following strategic regions:

geographic regions 1. Core Business - E&P:
and operational Strengthening the core E&P by expanding exploration blocks,

fields. acquisition of potential blocks focusing on short-cycle, low-
cost assets, production optimization from existing reservoirs,
exploratory drilling, and reserves replenishment.

2. Diversification:

Expanding on LPG marketing business (region wise and
customer wise e.g., domestic and industrial) and crude
transportation through pipeline (e.g. adding new customers/
fields).

3. Financial:

Enhancement of the return to the shareholders,
enhancement of net profit by increasing sales, timely
recovery of receivable, budgetary controls measures.

4. Internal Processes:

Re-structuring of internal business processes by adopting
the latest technology and techniques to improve Company’s
operational efficiency

5. Stakeholders:

Create value for joint venture partners, shareholders,
customers, employees, government and local communities in
different areas of the Company