Pakistan Petroleum

PPL is operator and shares 100% in two fields:

• Kandhkot gas field was hit by flood in August 2010 and one of the gas gathering mains (GGM) submerged completely and two GGMs partly. There were 25 producing wells out of which 15 were shut-in. Production from the field dropped to 70 million cubic feet per day (2.0 million cubic metres per day) at standard conditions from the peak of 195 million cu ft/d (5.5 million m³/d) of gas. Eight wells were bought into operation by September 2010. After repairs, production increased to 160 million cu ft/d (4.5 million m³/d). Two additional wells brought into operation by mid October 2010 adding 30 million cu ft/d (850 thousand m³/d) of gas thereby increased available production to 190 million cu ft/d (5.4 million m³/d). In December 2010, compression station began commercial operation to maintain contractual delivery pressure and enhance recovery ratio.
• Sui gas field is under depletion phase, gas sales during the financial year 2010–2011 was 170.8 billion cu ft (4.84 billion m³) against 177.6 billion cu ft (5.03 billion m³) in 2009–2010. Production commenced from two development wells and a third well spud-in during the fiscal year 2010–2011. Drilling of well Sui-92U was started in March 2010. The well was drilled up to the depth of 2,128 meters in the Pab reservoir and was successfully completed as a single string producer from Sui upper limestone (SUL) in December 2010. Drilling of well Sui-89M started in January 2011 and was completed in February 2011. Sui-93M was drilled as a horizontal well using under-balanced drilling technology in the reservoir for the first time in the country to optimise field production. Well drilling started in March 2011 and completed in July 2011.

Bolan Mining Enterprises is a joint venture on equal basis between Pakistan Petroleum and the government of Baluchistan. A grinding mill having a capacity of 50,000 tonnes per year was set up and has met almost 80% of the total barytes required by oil exportation companies operating in Pakistan. Bolan barytes are produced in accordance with the American Petroleum Institute specifications. Bolan has been authorised by API to use their 'official nomogram' on Bolan barytes.

During the financial year 2010–2011, the sales of barytes was 41,316 tonnes and Bolan earned a pre-tax profit of PKR 138.864 million from barytes project Khuzdar as compared to PKR 148.800 million earned in 2009–2010. A sum of PKR 27.440 million appropriated towards reserves for development and expansion. The company's net 50% share of the profit was PKR 55.712 million during the financial period 2010–2011.

• Official website