Shams ul Nisa

Pakistan Oilfields Limited (POL) is advancing its hydrocarbon exploration and production efforts with state-of-the-art 3D seismic processing at the Pindori Lease and other key blocks, reports WealthPK.

POL’s initiatives are drawing attention for their potential to influence the future trajectory of Pakistan’s energy sector with a growing emphasis on technological innovation and data-driven strategies. ’The initiatives are centered on the Pindori Lease, where it holds a 35% ownership stake. A 3D seismic survey covering an area of 60 square kilometres has been completed, and data processing is currently underway to evaluate the Chorgali formation’s potential and identify untapped oil reserves.

As a result, geologists will target new drilling zones more accurately, reducing exploration risks and enhancing recovery from existing fields. Furthermore, POL is advancing exploration across several connected blocks. In North Dhurnal, seismic data is being processed to guide drilling, while similar analysis in Hisal targets unconventional reservoirs. These efforts align with upcoming production at the Tal Block’s Razgir well and planned upgrades.

Additionally, drilling preparations are underway at Gurgalot, and seismic work continues at Taung and Nareli, reflecting POL’s integrated strategy to expand its exploration footprint. However, despite these efforts, the company experienced a notable drop in profit for the 9MFY25. This decline is mainly attributed to the costs of an unsuccessful well and reduced sales due to operational difficulties and elevated pipeline pressure.

Moreover, production declined, with crude oil, gas, and LPG output falling by 6.4%, 12.2%, and 3.9%, respectively. However, average daily production remained steady, reflecting operational resilience. Thus, the impact was partially offset by increased dividend income, exchange gains, and an insurance claim recovery. POL continues to invest in advanced seismic technology and exploration, reinforcing its commitment to sustainable growth and value creation.

POL is leveraging cutting-edge techniques to boost efficiency and environmental responsibility with a clear mission to discover new hydrocarbon reserves and optimise output from existing assets. This strategy not only delivers value to shareholders but also contributes to the national energy landscape, positioning POL as a key player in Pakistan’s evolving energy sector.

As POL advances seismic data analysis across its exploration blocks, the company is well-positioned to tap into new production opportunities. POL is poised to play a vital role in meeting Pakistan’s rising energy demands backed by a strong project pipeline, advanced technology, and stable operations. Its ambitious exploration drive signals a new chapter of growth and discovery, promising long-term value for both the nation and its investors.

Credit: INP-WealthPk