Page 36 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Strategic Focus and

Future Orientation

Our focus is to POL is an exploration and production company. Our focus

grow shareholder is to grow shareholder value by leveraging our development
capabilities and balance sheet to deliver high quality projects
value by leveraging while maintaining exposure to upside from successful exploration.
our development The company’s strategic objectives were reviewed in the
meeting of Directors. A manner is already in vicinity whereby
capabilities and long term strategies and annual operational plans established
balance sheet by management are regularly reviewed by the Directors in line
with the Company’s overall business objectives. Following are the
to deliver high strategic and management objectives:

quality projects Exploration & Production
while maintaining

exposure to upside The main focus in this area is on enhancement of reserves and
increase in production.
from successful POLGAS
exploration
Focus is on delivering a quality LPG to end consumer in all parts of
Pakistan along with maximization of profit

Financial

Focus is on increasing revenues through production enhancement,
cost cutting and budgetary control measures along with increasing
return to the shareholders.

Internal Controls

Company’s cognizance in this area is Business process re-
engineering to ensure effective controls are in place and enriched
management reporting system to enhance visibility over key
operational regions and to assist the control in strategic decision
making.

Stakeholders

POL is determined to satisfy expectancies of its stakeholders
including shareholders, JV partners, employees and Corporate
Social Responsibility works for local communities in areas of POL’s
operations. The objectives and targets in each focus area are also
classified into;

1. long term (7-12 years)
2. medium term (2-7 years)
3. short term (<2 years)