Page 35 - Pakistan Oilfield Limited - Annual Report 2022
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Annual Report 2022
whole industry. Any unfavorable movement in 3D Seismic data processing and interpretation has
international Oil prices or exchange rates adversely been completed to identify new prospects.
affects the POL’s profits.
3D seismic designing study has been completed in
On the production side, POL is pretty much Hisal block. Contract for 250 Square Kilometers of
hopeful to maintain the existing production 3D seismic data acquisition has been awarded and
volume and sales, as Pakistan is energy deficient currently the acquisition is in progress.
country and will be able to absorb all local oil
and gas production easily. POL has all resources At Gurgalot block, 320 square kilometers 3D
to complete its development and exploration seismic data acquisition has been completed and
activities as planned. Keeping in view the data interpretation is in progress.
prevalent energy deficit situation in the country, At Nareli block, 2D seismic data acquisition
POL is also considering to invest in solar business. program of 456 line kilometers-firm and 164 line
Performance related to forward kilometers-contingent has been approved.
looking disclosure made in last Khaur North-1 well was sidetracked from the depth
year. of 6,592 ft and reached to a total depth of 8,666
ft, tested within the un-tested overturned fault but
POL is continuously investing in seismic data no hydrocarbons were found. The well has been
acquisition, processing and interpretation. During plugged and abandoned.
the year, 340.94 square kilometers 3D Seismic At DG Khan block (operated by POL with 70%
data acquisition at Taung block was completed share), DGK-1, exploratory well was spudded on
and data processing is in progress. October 16, 2021 and drilled to a depth of 12,601
Langrial 3D seismic data acquisition of remaining feet, penetrating full sequence of one of the main
166 square kilometers is in progress. target i.e., the Chiltan formation.
152.93 square kilometers 3D seismic data
acquisition, over KOT area, processing and
interpretation has been completed. TAL West area
