Page 40 - Pakistan Oilfield Limited - Annual Report 2022
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PAKISTAN OILFIELDS LIMITED
Management Strategic Plans &
Resource Allocation
Short, Medium and Medium-Term (3-6 Years): The A. Production Enhancement
Long-Term Strategic Company will focus on frontier The Company ensured
areas and generate lead/
Objectives prospect inventory for drilling uninterrupted gas supplies from
medium to excessive hazard POL and other fields through:
Company believes in efficient - high reward potentialities. 1. Extensive coordination
allocation of all available Achievement of one hundred% with partners to plan their
resources at hand including reserve alternative ratio is the turnarounds/shutdowns
financial capital, human cornerstone of medium-term to make sure optimal gas
capital, manufactured capital, method, which the Company production.
intellectual capital and social hopes to obtain through its 2. Re-aligning the contracts
capital in order to implement local exploits. Diversification through re-negotiation with the
and achieve desired strategic may be some other vicinity customers.
/management objectives. of interest with attention on 3. Re-allocation of unutilized gas
The Company is actively improvement of mining assets to other customers
looking for opportunities in and investment in renewable 4. Successful implementation of
the energy value chain to energy projects. HSE will stay a the field development projects.
augment its revenue streams. priority for the Company with 5. Drilling of development wells to
The management has outlined plans for lowering greenhouse arrest production decline and
the subsequent strategic emissions and contributing in to enhance production.
parameters for the business the direction of a low-carbon
strategy B. Exploration Strategy
global
Short-Term (1-3 Years): Long-Term (7-10 Years): In the 1. Accelerated exploration and
drilling plans in operated
POL will focus on enhancing long term, the Company will blocks.
production from its existing optimize its assets portfolio to
discoveries and will pursue realize its vision. The Company 2. Provision of vital support and
approvals of exploration plans
projects with early maturities. will maintain pursuing excessive in vital operated blocks.
The Company will initiate ranked local prospects matured 3. Expansion of exploration
seismic projects and drilling of throughout short and medium acreage through farming in
deep wells in growth areas to noticeably prospective blocks
tap large prospective resources. phrases. It will realize sales and participation inside the
This will help in realizing early from its mining assets and bidding rounds inside the
revenues by shortening the energy quarter tasks on its Country.
time to commercialization of manner to turning into one 4. Undertaking projects in security
assets. The Company will also among the largest producers of sensitive but noticeably
initiate work to realize its long- sustainable energy inside the potential areas
term vision of becoming a truly Country.
integrated energy company by
closing diversification deals
in energy and associated
infrastructure projects.
