PPL Exploration Report

PEL Profile, December, 2009
1
TABLE OF CONTENTS
CONTENTS
PAGE
1. CHAIRMAN AND BOARD OF DIRECTORS 3

2. PEL AT A GLANCE 4
a. Petroleum Exploration Pvt Ltd Synopsis 4
b. Vision 4
c. Policy 4
d. Mission 4
e. Brief History 5
f. Gas Production Share of PEL 7
g. Development and Production Leases in Pakistan 8
h. E&P Potential in Pakistan 8
i. Snapshot of 2012 Activities 9
3. PEL JOINT VENTURE PARTNERS 11
4. OIL/GAS ASSETS 12
5. PRODUCING ASSETS 13
a. Block 22 14
b. Badar Mining Lease 16
c. Kandra D & P Lease 18
6. OIL/GAS Resource potential 20
7. EXPLORATION LICENSES ONSHORE/OFFSHORE PAKISTAN 21
a. Sukkur Block 22
b. Mirpur Mathelo Block 24
c. New Larkana Block 26
d. Badin IV North Block 28
e. Badin IV South Block 30
f. Offshore Indus J Block 32
g. Kaloi Block 34
h. Jhangara Block 36
i. Mirpurkhas West Block 38
j. Sanghar East Block 40
k. Salam Block 42
8. PERMITS IN MOROCCO 44
a. Haha Permits, Essaouira Basin, Morocco 45
9. HEALTH, SAFETY, ENVIRONMENT AND SECURITY 47
10. ENVIRONMENT PROTECTION POLICY 48
11. CORPORATE SOCIAL RESPONSIBILITY ( Message from the Chairman) 49
12. CORPORATE SOCIAL RESPONSIBILITY (CSR) 51
13. TRANING POLICY 59
14. STATUTORY PAYMENTS TO THE GOVERNMENT 60
15. FUTURE OUTLOOK 61
16. EXPECTED POTENTIAL RISE 61
PEL Profile, November 2012 2

CHAIRMAN &
BOARD OF DIRECTORS
Mr. Zaheeruddin
Chairman & Chief Executive
Mr. Zafar Iqbal Mr. Moeenuddin Mr. Shahzad Zaheer

Director Director Director

PETROLEUM EXPLORATION PVT LTD
SYNOPSIS
PEL is a private sector Pakistani E&P company. It was established in 1994 and in a
short period has become an active operator having largest acreage among ten
private sector operating companies in Pakistan. It is exploring on land and deep
waters off-shore Pakistan. It is also the first Pakistani E&P Company operating
abroad and is currently carrying out exploration over three onshore Permits in
Morocco.
PEL has a highly experienced E&P team with industry renowned experts. It is
organized into multidisciplinary integrated teams and believes in optimally exploiting
knowledge/technology by outsourcing to industry leaders.
It has twelve JV partners from Pakistan, Canada, Kuwait, UK, Morocco and
Australia, which include British Petroleum (BP), Oil & Gas Development Company
(OGDCL), Pakistan Petroleum Limited (PPL), Mari Gas Company Limited (MGCL),
Frontier Holdings Limited (FHL), Gulf Petroleum Exploration Pakistan (GPXP) (Pvt)
Ltd, ONHYM, Sherritt International Oil and Gas (Sherritt), Spud Energy (Spud) , Oil
& Gas investment Limited (OGIL), Pyramid Energy International Incorporated, BVI
(Pyramid) and Government Holding (Pvt) Ltd (GHPL).
PEL would welcome new partners in PEL’s concession areas onshore/offshore
Pakistan and onshore Morocco.
VISION
PEL recognizes the importance of gaining knowledge and evolving technology for
effective exploitation of oil and gas from old as well as new petroleum systems. It
aims at building a strong professional team, possessing knowledge, experience and
technology to develop a cutting edge for hydrocarbon exploration and production. It
envisions for itself a significant role in contributing to Pakistan’s economy, with
specific focus on the energy sector. PEL is determined to protect and safeguard the
environment, while carrying out its exploration and production operations, nationally
and internationally. PEL visualizes to be a credible and responsible member of
petroleum industry.
POLICY
PEL believes in spreading risk and sharing reward. It is open to farming out to
credible companies and farming into other opportunities. It values the proliferation
of information and knowledge for the common benefit of its joint venture partners. It
builds on a strong core of technical expertise in all areas of exploration and
production. It seeks to strengthen its credibility as a responsible exploration and
production company.
MISSION
PEL aims to play an important role in exploration and production of oil and gas in
Pakistan and abroad and thereby becoming a world class successful exploration
and production company. The company is endeavoring to increase its share in
production of natural gas and to become a producer of oil. PEL is determined to
acquire and hold a cutting edge exploration and production expertise. Its mission is
to follow the finest corporate culture, in all its operations.

BRIEF HISTORY
PEL was established by Mr. Zaheeruddin, who is the Chairman and Chief
Executive. Under his dynamic leadership, PEL embarked upon a bold and
imaginative exploration program to rapidly explore and develop new deposits of
hydrocarbons. In less than 18 years PEL has grown into a highly experienced and
successful E&P Company operating both nationally and internationally, and
currently has the largest exploration acreage among ten private sector operating
companies in Pakistan.
PEL has been successful in acquiring and building a highly experienced team of
petroleum professionals, including geologists, geophysicists, petroleum and process
engineers, and financial experts. It is highly equipped with logistics and support
services.
PEL currently operates 9 onshore and 1 offshore exploration license, 4

development and production leases (an additional lease is under processing), one
mining lease and one non-operated joint-venture block in Pakistan. It has so far
drilled 15 exploration and development wells and has recently completed drilling of
three deep wildcat exploration wells in different joint ventures, involving an
expenditure of about US$ 50 Million. PEL is presently producing natural gas from
four gas fields. Recently, a gas discovery has also been made in Sukkur block,
operated by Mari Gas Company, in which PEL has 41.2% interest. PEL and its joint-
venture partners are committed to investing over US$300 Million on exploration and
development in its concession areas in the next 3 years.
PEL has an aggressive drilling program of drilling Nineteen exploratory and fifteen
development wells in the next 3 years. It is also undertaking the development of the
low BTU gas field at Kandra for power generation. The remaining recoverable
reserves are over 3 TCF of gas comprising Block-22 (113.561 BCF), Badar (54.98
BCF) and Kandra (2.86 TCF).
PEL, in JV partnership with Frontier Holdings Ltd and Government Holdings

(Private) Ltd, is developing Kandra gas field for supply of gas of around ± 330
BTU/SCF to120MW Kandra power plant to be set up by a sister company, Kandra
Power Company. The field development envisages drilling and completing 12-14
additional producing wells, surface gathering facilities and central processing facility
for producing 120 MMSCFD of raw gas. The field has 2.86TCF recoverable
reserves of gas and has the potential of fueling another power plant eventually.
PEL entered the realm of offshore exploration in 2006 and executed three Offshore
Production Sharing Agreements with the Government of Pakistan for Indus Offshore
Blocks J, O and P in deep to ultra deep waters in exclusive economic zone of
Pakistan. PEL acquired 1646 line-km of 2D seismic and 569 km2 of 3D seismic to
evaluate the hydrocarbon potential of these blocks. Based on the interpretation of
2D and 3D seismic, blocks O and P were relinquished as no sizeable prospects
were identified. Three structures were identified in Block J with a potential reserve
exposure of over 25 TCF. Block J has been retained for drilling these potential
structures requiring substantial investment.
PEL is privileged to have achieved the distinction of being the first private sector
Pakistani company to undertake overseas exploration in the Kingdom of Morocco,
North Africa. On May 10, 2007, PEL signed Petroleum Agreement and Association
Contract for exploration and exploitation of hydrocarbons in three Permits i.e. Haha-
1, 2, and 3. In July 2009 PEL completed acquisition of 139 Km² of 3D seismic data
which was processed and interpreted by CGG Veritas. A number of leads have
been mapped. Further work is in progress for evaluation of these leads. PEL will
soon undertake drilling of first well (Tamanar-1) and would welcome participation by
serious E&P companies in these Permits.

GAS PRODUCTION SHARE 2010-2011
GAS PRODUCTION SHARE 2010-2011

(PRIVATE SECTOR)
PEL Profile, November 2012

7
E & P POTENTIAL IN PAKISTAN
Pakistan has two major basins Indus and Balochistan covering an area of 827,268 Km²
on land and offshore platform. Indus Basin is still under-explored and Balochistan
Basin is not explored at all. Out of 785 exploration wells drilled to date, 273 discoveries
of oil, gas and condensate have been made. In all 944 milliion barrels of oil and 55
trillion cubic feet of natural gas have been discovered, nearly half of which have already
been produced.
Role/Potential of Natural Gas

 Energy economy of Pakistan is gas based: indigenous gas is providing nearly 50%
of the primary energy mix
 Gas infrastructure is well developed country-wide and fast expanding (about 12%
per year): about 10,000 km transmission and 75,000 distribution pipelines supplying
over 5.2 millions consumers (increasing @ 8% per year).
 About 1.5 TCF gas is being consumed at a daily rate of about 4 BCFD.
 According to USGS 2002 Report over 19 TCF gas and 250 million barrels of oil is
yet to be discovered in areas under exploration excluding the frontier regions
 A guaranteed gas market exists with huge unsatisfied gas demand: revenues from
new discoveries can start soon under extended well test production and interim sale
Pakistan offers attractive financial package, interesting geology and a huge market for
oil and gas. It presents enormous E&P opportunities.

SNAPSHOT OF 2012 PROGRAM
Badin IV North Block
 An exploratory well may be drilled subject to JV consensus.
 Geological & Geophysical evaluation of identified leads/prospects for drilling additional
wells
Badin IV South Block

 An exploratory well is planned to be drilled to test Upper Sands of the Lower Goru
formation by end 2012
 Second exploratory well may be drilled subject to JV consensus
 Geological & Geophysical evaluation of identified leads/prospects for drilling additional
wells will continue
Mirpur Khas West Block
 An exploratory well is planned to test the Lower Basal sands of Lower Goru Formation of
Cretaceous age
New Larkana Block,

 Acquisition of about 400 line km 2D seismic data is being planned
 G&G studies will continue
Sanghar East Block

 Acquisition of 2D seismic data will be planned after evaluation of Petroleum system in the
Block.
Kaloi Block
 Acquisition of 2D seismic data is being planned
Haha Permits Morocco

 An exploratory well to test Triassic reservoir objective is planned
Salam Block
 Reserves estimates and economic analysis of drilling a well outside the river channel has
been undertaken
 Drilling of an exploration well to about 1480 m to test Sui Main Limestone (Early Eocene) is
being planned
Mirpur Mathelo Block

 Acquisition of 150 line km 2-D seismic survey will be undertaken after determination of
stratigraphic potential of Block
 Steps are in hand to carry out a study to assess the possibility of stratigraphic plays.
 Re mapping of Rafay structure through an outside consultant is being considered

Jhangara Block
 Planning to acquire 2D seismic datais in hand
 G&G studies of Jhangara and surrounding areas are in hand
Badar Block
 Efforts are in hand to engage a suitable drilling rig to drill Badar-2 development well to a
planned total depth of 1445 m in fourth quarter of 2012
 G&G work to identify additional leads in Badar D&P area are in progress
Sukkur Block
 Mian Miro-1 well was drilled to a depth of 1250 m. Post drilling evaluation of Mian Miro 1
well is in hand. The well has been successfully tested and completed as gas producer on
24.May.2012.
 Plans are in hand for conducting EWT during the upcoming weather window.
 After installation and commissioning of gas processing facilities, Koonj 1-A well was put
back on production on 8th October 2011. The well is producing around 2.5 MMscfd and
processed gas is being supplied to SNGPL.
 G&G work for future exploration objectives continues
Block-22
 Arrangements are being finalized for drilling Hasan-4 development well in the 4rd quarter of
2012 for increasing the production from Hasan gas field.
 Declaration of Commerciality for Hamza gas field is under consideration of the Government
of Pakistan
Kandra Block
 Stratigraphic interpretation of Sembar (Early Cretaceous) clinoform and onlap on Chiltan
Formation (Jurassic) is planned.
 Draft tender documents for hiring EPCC contractor have been finalized.
 Selection of consultant for vetting EPCC draft tender document, tendering and selection of
EPCC contractor and supervision of the work of EPCC contractor for Kandra field
development project has been finalized.
 Tender documents have been prepared for acquiring the services of a specialist CO 2
consultant which are under review of JV partners.

PEL JOINT VENTURE PARTNERS
The range and diversity of operating companies which have entered into joint venture
with PEL is evidence of their confidence in its operating ability and competence. Below
is a list of our esteemed joint venture partners.

OIL/GAS ASSETS
The company’s recoverable reserves from Block-22, Badar and Kandra fields are
estimated to be over 3 TCF of gas. Third party consulting engineering firms were
employed to confirm OGIP and recoverable reserves in development and production
leases.

PEL PRODUCING ASSETS:
 Block 22
 Badar Mining Lease
 Kandra D & P Lease
 Sukkur Block
DEVELOPMENT AND PRODUCTION/ MINING LEASES

IN PAKISTAN
Cumulative Remaining
Development &
Area Gas Gas Reserves
Production/ Mining WIOs
(Km²) Production as as of
Leases
of Sept, 2012 Sept,2012
PEL (Operator) 26.32 %
OGDCL 50 %
Badar ML 123.04 35.020 BSCF 54.98 BSCF
Sherritt 15.79 %
Spud 7.89 %
Hasan D&PL 37.6 51.939 BSCF 64.461 BSCF

PPL 35.53 %
Sadiq D&PL 40.72 Pyramid 15.79 % 2.866 BSCF 8.934 BSCF
GHPL 22.50 %
Khanpur D&PL 41.78 6.034 BSCF 17.566 BSCF
WIO (Below SML)

PEL 35% (Operator)
GHPL 5%
FHPL 35%
GPX 25%
Kandra D&PL 286.08 0 BSCF 2860 BSCF
------------------------
WIO (in SML)
PEL 37.5% (Operator)
FHPL 37.5%
GHPL 25%

PPL 45.0 %
Hamza Discovery 173.12
Pyramid 20.0 %
0 BSCF 22.60 BSCF
GHPL 5.0 % (Carried)

BLOCK - 22
 GRANT DATE: April 03, 2003
 LOCATION: Sukkur, Jacobabad and Shikarpur, Sindh Province.
 AREA: Hasan D & PL (37.05 KM2 )

Sadiq D & PL (40.72 KM2 )
Khanpur D & PL (41.78 KM2 )
 PROSPECTIVITY ZONE: III
 WORKING INTEREST: PEL 30 %

PPL 45%
Pyramid 20%
GHPL 5% (carried)
 PLAY TYPE: Structural
 RESERVES EXPOSURE: 208 BCF
 TENTATIVE WORK PROGRAM: Drilling of Hasan -4 well in 4th quarter of 2012
Location Map
Prospectivity map in the vicinity

PETROLEUM SYSTEM:
 SOURCE:
Sembar shales (Cretaceous)
 RESERVOIR:
Sui Main Limestone (Eocene)
 SEAL:
Ghazij (Eocene)
 TRAP:
Anticlinal structures formed in extensional
and trans-Tensional regimes
SALIENT FEATURES:
 Petroleum System is fairly established in the

region.
Stratigraphic column, petroleum system
and producing fields
 Proven recoverable reserves in Sui Main
Limestone are around 150 BCF having monthly
production of 183 MMscf.
 Three wells (Hasan-1, Hasan-2 and Hasan-3)

were drilled in Hasan D& P Lease. Plans are in
hand to drill Hasan-4 as a development well
 Two wells (Sadiq-1 and Sadiq-2) have been

drilled in Sadiq D & P Lease
 Two wells (Khanpur-1 and Khanpur-2) have

been drilled in Khanpur D & P Lease.
 Energy infrastructure exists in the area.
Interpreted seismic section

 There are no security issues in the area.

BADAR MINING LEASE
 GRANT DATE: March 13, 2002

 LOCATION: Ghotki, Kashmor and Sukkur, Sindh
Province
 AREA: 122 km2
 WORKING INTEREST: PEL 26.32% (Oprator)
OGDCL 50%
Sheritt 15.79%
Spud 7.89%
 PLAY TYPE: Structural/Stratigraphic
 PRODUCED HYDROCARBON: Gas

 TENTATIVE WORK PROGRAM: Drilling of Badar-2 development well in
4th quarter of 2012.
Location map
Surrounding Gas discoveries &

Infrastructure map

PETROLEUM SYSTEM
 SOURCE
 RESERVOIR
Sui Main Limestone & Sui Upper
Limestone (Eocene)
 SEAL
Sui Shale (Eocene)
 TRAP
Anticlinal structures formed in

extensional regime
SALIENT FEATURES
 Petroleum System is fairly established Stratigraphic Column showing petroleum system

in the region
 Proven recoverable reserves in Sui Main Limestone

are estimated to be around 90 BCF
 Badar-1 was drilled in 1994 and it has produced

35 BCF so far.
 Currently the well is producing about 14 MMSCFD
 There is updip potential in Sui Upper Limestone and
a lead has been identified

 Energy infrastructure exists in Badar area
Seismic Section showing SML & SUL reservoir

KANDRA D & P LEASE
 GRANT DATE: January 05, 2006

 LOCATION: Sukkur and Khairpur, Sindh Province
 AREA: 286.08 km2
WORKING INTEREST:
W.I.O IN EXPLORATION PEL(O) 35%
FHL 35%
GPX 25%
GHPL 5% (Carried)
W.I.O (IN SML)
PEL(O) 37.5%
FHL 37.5%
GHPL 25%
 PLAY TYPE: Structural / Stratigraphic
 RESERVES EXPOSURE: 2.86 TCF (SML) 120 BCF (Chiltan)
 TENTATIVE WORK PROGRAM:

Kandra field development drilling 12-14 wells
115 Lkm 2D seismic data acquisition
Location Map

PETROLEUM SYSTEM:
 SOURCE
Sembar shales /deeper formations
 RESERVOIRS
Sui Main Limestone (Eocene), Lower Goru
(Cretaceous) & Chiltan Limestone (Jurassic)
 SEAL
Upper Goru (Cretaceous), Lower Goru intra-shales
(Cretaceous), Sui Shale & Ghazij Shale (Eocene)
 TRAP
Anticlinal structure formed due to uplift of
Jacobabad-Khairpur paleo-high
SALIENT FEATURES:
 Petroleum System is fairly established

in the region
Stratigraphic Column showing petroleum
system
 Proven recoverable reserves of 2.86 TCF
in Sui Main Limestone
 Additional potential at Chiltan level
 Kandra-4 Deep tested 800+ BTU in

Chiltan Limestone
Interpreted Seismic Section

OIL/GAS RESOURCE POTENTIAL
PEL has 7 blocks with over 1800 km2 area under varying stages of exploration in a
region of proven petroleum systems. Following a conservative basis about 2.6 TCF gas
and 70 MMBBL of oil are expected to be discovered in exploration blocks excluding
Sanghar East and Kaloi Block which are in initial stage of exploration as shown in the
following pie Charts
Potential Gas in place 2.6 TCF Potential Oil in Place 70 MMBBL

In Exploratory Licenses in Exploratory Licenses
Reserves Exposure for Offshore J Block is estimated at 25 – 30 TCF and for Mirpur
Mathelo these are estimated to be over 2 TCF

EXPLORATION LICENSES ONSHORE/OFFSHORE
 SUKKUR BLOCK Exploration Licence Area

WIOs
Name & Block No. (Km²)
 Mirpur Mathelo Block
PEL (Operator) 35 %
FHPL 35 %
 New Larkana Block Mirpur Mathelo (2769-9) 1030.68
GPX 25%
GHPL 5 % (Carried)
 Badin IV North Block
PEL (Operator) 37.5%
Salam (2769-13) 200.22 FHPL 37.5 %
 Badin IV South Block GPX 25%
 Offshore Indus J Block New Larkana (2768-10) 2425.96 PEL 100 %

 Kaloi Block Badin IV North ( 2468-6) 1246.03 FHPL 27.5 %
GPX 25%
 Jhangara Block
 Mirpurkhas West Block Badin IV South (2468-5) 1265.33 FHPL 27.5 %
GPX 25%
 Sanghar East Block

PEL (Operator) 67%
 Salam Block Offshore Indus-J (2266-4) 2436.3
BP 33% (being
assigned to PEL with
the approval of GOP)
PEL (Operator) 40%

Jhangara (2567-5) 357.19
OGIL 60%
Mirpur Khas West (2568-16) 199.26 PEL 100 %
Sanghar East (2669-5) 2493.13 PEL 100 %
Kaloi (2468-8) 2485.14 PEL 100 %

Hamza Discovery PPL 45.0 %
173.12
(Block-2768-3) Pyramid 20.0 %
GHPL 5.0 % (Carried)
PEL 41.176 %
Sukkur (2768-9) 2435.4 MGCL (Operator)
58.824%

SUKKUR BLOCK
 GRANT DATE: 20th April 2006

 LOCATION: Sukkur, Shikarpur, Khairpur, Larkana,
Jacobabad and Khasmor
 AREA: 2435.4 Sq Km
 PROPECTIVITY ZONE: III
 WORKING INTEREST: PEL 41.18%
MGCL 58.82% (Operator)
 HYDROCARBON: Gas
 RESERVES EXPOSURE: 200-300 BCF
 WORK COMMITMENT: 2D Seismic Acquisition of 100 line km,
reprocessing of 100 line km 2D seismic
and drilling 3 exploratory wells
Location map
Discovery map

PETROLEUM SYSTEM
 SOURCE
 RESERVOIRS
Sui Main Limestone (SML), Sui Upper Limestone

(Eocene) &Lower Goru Formation (Cretaceous)
 SEAL
Ghazij shale & Sui Shale (Eocene), Upper Goru &

Lower Goru intra-shales (Cretaceous)
 TRAP
Structural / Stratigraphic
SALIENT FEATURES:
 Interesting anticlinal features at SML level in the
western part of the block observed.
 Strong indication of stratigraphic play at level of
Lower Goru Sands. P9122-

13
 Good quality gas.
 Established Infrastructure
Mound
Feature is
very evident
on strike line
P9122-13
Possible
Mound
Feature
Seismic Line showing Mound Feature

MIRPUR MATHELO BLOCK
 GRANT DATE: June 03, 2002

 LOCATION: Sindh
 AREA: 1030.68 Km2
 PROSPECTIVITY ZONE: Zone III
 WORKING INTEREST: PEL 35% (Operator)
FHL 35%
GPX 25%
GHPL 5% (Carried)
 PLAY TYPES: Structural/Stratigraphic

 WORK COMMITMENT: 150Lkm 2D Seismic
One Exploratory well
 WORK STATUS:
 G & G DATA PURCHASE Drilled exploratory well Rafay-1,
T.D 3671m
 WORK IN PROGRESS: Re-mapping of Rafay structure

Stratigraphic play evaluation
2D seismic data acquisition will be
undertaken after stratigraphic play evaluation
Location Map
SML prospectivity in vicinity

PETROLEUM SYSTEM:
 SOURCE
Sembar Formation of Early Cretaceous age is

an established source rock in the Central
Indus Basin
 RESERVOIR
Lower Goru of (Early Cretaceous)

Lower Eocene, Sui Main Limestone (SML)
Dunghan limestone (Paleocene)
Chiltan limestone (Middle Jurassic) and
Pab Sandstone (Late Cretaceous)
 SEAL
Ghazij Shale (Early Eocene)

The Upper Goru and inter bedded shales
 TRAP
Structural and Stratigraphic
SALIENT FEATURES:
Stratigraphic Column showing petroleum system
 Goru/Sembar Stratigraphic Play
 Significant gas discoveries in the
surrounding area ( Badar, Miano,
Rehmat, Mari, Kadanwari, Sawan
and Qadirpur).
 Well established gas distribution
infra-structure.
 Good quality gas with calorific value
of around 850 BTU/SCF
Seismic Section showing clinoforms in Sambar

Formation
NEW LARKANA BLOCK

 LOCATION: Larkana, Shikarpur & Jacobabad in Sindh,
Jhat pat in Balochistan
 AREA: 2426 Km2
 WORKING INTEREST: PEL 100% (OPERATOR)
 RESERVE EXPOSURE: 200-300 BCF
 WORK COMMITMENT: 100 Lkm 2D Seismic and drilling
of three exploratory wells
 WORK COMPLETED: G & G data purchase
G & G studies
 WORK IN PROGRESS: 2D seismic data acquisition is planned before

drilling a well
Location Map
Discovery Map

PETROLEUM SYSTEM:
 SOURCE
Aloizai formation-potential (Early Jurassic)
Sembar shale-proven (Early Cretaceous)
Ghazij Shales-potential (Early/Middle Eocene)
 RESERVOIR
Lower Eocene, Sui Main Limestone (SML)
Dunghan limestone (Paleocene)
Chiltan limestone (Middle Jurassic) and
Pab Sandstone (Late Cretaceous)
 SEAL
Ghazij Shale (Early Eocene)
Thick Paleocene and cretaceous shales
can also act as seal
 TRAP
Structural and Stratigraphic
Middle/Lower Indus Basin Tectono-Stratigraphy
SALIENT FEATURES:
 Two Leads are identified in the northern

part of the block at level of SML
 Significant gas discoveries in the
surrounding area (Haseeb-1, Hasan,
Sadiq, Khanpur1, Kandra , Mehar and
Mazarani).
 Gas distribution infra-structure well
established
 Good quality Gas having calorific value
of up-to 807 BTU/Scft (Haseeb-1 well)
Seismic line through Lead “A” & Lead “B”

BADIN IV NORTH BLOCK

 LOCATION: Badin and Thatta, Sindh Province
 AREA: 2709.77 km2 (Excl.ML Area)
 WORKING INTEREST: 47.5%
 PLAY TYPE: Tilted fault block
 EXPECTED HYDROCARBONs: Oil / Gas & Condensate
 RESERVES EXPOSURE: 25-50 MMBO
50-500 BCF
 WORK COMMITMENT: Acquisition of 100 lkm 2D seismic
& three exploratory wells

G & G studies completed
 WORK IN PROGRESS: Acquire 2D seismic data planned before

drilling well
Location Map
3D Seismic Coverage Map

PETROLEUM SYSTEM:
 SOURCE
Sembar Formation of early Cretaceous age is a
prolific source rock in Lower Indus Basin. In
addition intra-Lower Goru shales of Cretaceous
age also have source potential.
 RESERVOIR
Lower Goru sands of Cretaceous age are proven
reservoir in the area and surrounding fields
 SEAL
Upper Goru Claystone/Marl provide regional
seal. Additional thick shales sequences within
the Lower Goru provide both vertical and lateral
seal across the fault block
 TRAP
Stratigraphic Column & Petroleum System
Tilted Fault Blocks
SALIENT FEATURES:
 4493 lkm of 2D vintage seismic data & 993 lkm

of 3D seismic data was purchased
 300 lkm 2D seismic data was acquired by PEL
 Proximity to the producing Badin Oil & Gas

fields
 Two wells have been drilled in the block.

Jamali Deep-1 was tested as a non-commercial
discovery; however Wahid-1 was a dry well.
 One more lead has been identified in the

block Seismic Section showing structural style in the
Badin IV North Block

BADIN IV SOUTH BLOCK

 PROVINCE: Badin and Thatta, Sindh Province
 AREA: 2060.55 km2 (Excl.ML Area)
 WORKING INTEREST: PEL 47.5% (Oprator)
FHL 27.5%
GPX 25%
 EXPECTED HYDROCARBONS: Oil /Gas & Condensate
 RESERVES EXPOSURE: Oil: 50-100 MMBO, Gas: 250-500 BCF
 WORK COMMITMENT: Acquisition of 100 lkm 2D
seismic & 4 Exploration wells
G & G studies completed
 WORK IN PROGRESS: Planning to drill exploratory well in first

quarter of 2013
Location Map
Prospectively Map
PETROLEUM SYSTEM
 SOURCE
Sembar Formation of early Cretaceous age is
addition intra-Lower Goru shales of
Cretaceous age also have source potential.
 RESERVOIR
Lower Goru sands of Cretaceous age are
proven reservoir in the area and surrounding
fields
 SEAL
Upper Goru Claystone/Marl provide regional
seal. Additional thick shales sequences
within the Lower Goru provide both vertical
and lateral seal across the fault block
 TRAP
Tilted Fault Blocks
SALIENT FEATURES:
Stratigraphic Column
• 2672 line km of 2D vintage seismic
data & 623 line km of 3D seismic
data was purchased
• 483 line km 2D seismic data was

acquired by PEL
• Proximity to the producing Badin Oil

& Gas fields
• Four potential and economically

viable prospects have been identified Petroleum System Event Chart
in the block.

OFFSHORE INDUS J BLOCK
 AREA: 2436 Sq Km
 LOCATION: 200 km south of Karachi in Arabian Sea
 WORKING INTEREST: PEL (Operator) 100% (BP is assigning its
33% interest to PEL with the approval of
GOP)
 PLAY TYPE: Channel, sheet sands/carbonate buildups
(Paleogene-Neogene)
 HYDROCARBON PLAY: Gas/Condensate
 RESERVES EXPOSURE: 25-30 TCF
 WORK COMMITMENT: 186 work units (WU). One WU ≈10 line km 2D
or 1 Km2 3D Seismic
 WORK COMPLETED: 936.5 line km 2D and 550 Km2 3D (643.6 WU)
 SEISMIC PROCESSED 550 Km2 3D cube to PSDM
 DELINEATED PROSPECTS Two on 3D cube and three on 2D data
Location map
Offshore Indus Activity Map

PETROLEUM SYSTEM
 SOURCE ROCKS
Paleocene-Eocene and Lower Miocene.
 RESERVOIR ROCK
Channel-sheet sands of Miocene to

Oligocene
 SEAL
Oligocene-Miocene Shales
Leads/prospects mapped on 2D
 TRAP
Structural and stratigraphic.
 SALIENT FEATURES:
 Indus Fan is world’s largest fan
 Structural cum stratigraphic

play
 Amalgamated channel and sheet 2D line showing J-1, J-2 and J-3 lads/prospects
sand system with good reservoir
properties
 Good quality gas tested in Pak

Can-1
Geoseismic model showing hydrocarbon

maturity windows
KALOI BLOCK
 GRANT DATE: September 22, 2007

 LOCATION: Badin & Mithi in Sindh
 AREA: 2485.14 km2
 WORKING INTEREST: PEL 100%
 EXPECTED HYDROCARBONS: Oil/Gas & condensate
 RESERVES EXPOSURE: OIL 25-50 MMBO, GAS: 250-300 BCF
 WORK COMMITMENT: Acquisition of 300 Line km 2D
seismic & two Exploration Wells
Location map
Petroleum System Event Chart

PETROLEUM SYSTEM
 SOURCE
Sembar Formation of early Cretaceous age is a
addition intra-Lower Goru shales of Cretaceous
age also have source potential.
 RESERVOIR
Lower Goru sands of Cretaceous age are proven
reservoir in the area and surrounding fields
 SEAL
Upper Goru Claystone/Marl provide regional seal.
Additional thick shales sequences within the
Lower Goru provide both vertical and lateral seal
across the fault block
 TRAP
Extentional tectonics styles & stratigraphic traps
Stratigraphic Column
SALIENT FEATURES
• Lies within Badin which is a prolific oil and gas

producing region.
• 685 lkm of 2D vintage seismic data purchased
• Four leads have been identified within the block
• Sember is a regionally distributed source rock
• Lower Goru Sands are the most prolific producing

horizon of the Lower Indus Basin.
Leads Map of Lower Goru Sands
• There are several fields to the west of the Kaloi
Block where Lower Goru Sands are producing Oil &
Gas.

JHANGARA BLOCK
 GRANT DATE: April 27, 2005

 LOCATION: Dadu District, Sindh Province
 AREA: 357.19 km2
 WORKING INTEREST: PEL 40 % (Operator)
OGIL 60 %
 EXPECTED HYDROCARBON: Gas & Condensate
 RESERVES EXPOSURE: 300 BCF Gas
 WORK COMMITMENT: One exploratory well up to 900 m or Pab Formation

whichever is shallower
200 line km 2D seismic data acquisition
 WORK COMPLETED: Seismic data purchased: 253 line km 2D

 WELLS DRILLED: Maliri-1 well
 WORK IN PROGRESS: In house G & G studies
Planning to acquire seismic before drilling a well.
Location Map 2.32 TCF
1.6 TCF
500 BCF
Map showing hydrocarbon prospectivity of

PEL Profile, November 2012
the surrounding fields
36
PETROLEUM SYSTEM
 SOURCE
Sembar shales (E. Cretaceous)
 RESERVOIR
Mughal Kot and Pab Sandstone (Cretaceous)
 SEAL
Mughal Kot (Cretaceous), Khadro (Paleocene)
& Ghazij shales (Eocene)
SALIENT FEATURES
 Nearby discoveries are Zamzama (2.32

TCF) & Bhit (1.52 TCF) producing from
Pab and Bhadra 500 BCF are producing Stratigraphic column showing petroleum
gas from Mughal Kot system
 Gas pipelines exist close to the block
 Discovered gas has calorific value of
between 836 to 945 BTU/SCF
Interpreted seismic section Geo-seismic cross section

MIRPUR KHAS WEST BLOCK

 PROVINCE: Hyderabad, Matiari & Dadu Districts, Sindh Province
2
 AREA: 199.26 km
 WORKING INTEREST: PEL – 100% (operator)
 PLAY TYPES: Structural
 WORK COMMITMENT: 250 L km 2D Seismic and 3 Exploratory wells

 WORK COMPLETED:
Seismic Acquired: 176 km 2D
Seismic Data Purchased: 305 L km 2D
Seismic Data Reprocessed: 100 km 2D
Well Data Purchased: 8 wells
 WORK IN PROGRESS: Planning to drill Matiari-1 well
Location Map Prospectively Map

PETROLEUM SYSTEM
 SOURCE
Sembar shale (Early Cretaceous)
 RESERVOIR
Sand Below Talhar Shale-SBTS

Sand Above Talhar Shale-SATS
 SEAL
Upper Goru Shale and Lower Goru
Intra-formational Shales
 TRAP
Structural
SALIENT FEATURES
Stratigraphic column and Petroleum
System
• Matiari prospect is a tilted fault block with
an area of 12km2, located within Sembar-
Goru play fairway
• Main reservoir objective is the shoreface

Basal Sands of Lower Goru
• Source is Talhar Shales of Lower Goru

and Sembar Formation
• The Block is close to OGDCL, OPI and

UEPL gas & gas condensate fields
• Gas discovered in the vicinity has a

calorific value of around 950 BTU/SCFT
• Matiari prospect is located close to gas

Seismic line passing through Matiari-1 Prospect
transmission infrastructure

SANGHAR EAST BLOCK
 LOCATION: Sanghar & khairpur in Sindh Provence
 AREA: 2493 km2
 PROSPECTIVELY ZONE: III
 WORKING INTEREST: PEL 100%
 RESERVES EXPOSURE: 250 - 300 BCF
 WORK COMMITMENT: 4 Exploratory Wells and
200 line km 2DSesimic
Location Map
Lower Goru formation, primary reservoir in the

region
PETROELUM SYSTEM:
 SOURCE
Sember Formation (Early Cretaceous)
 RESERVOIR
Lower Goru sands of Early Cretaceous)
 SEAL
Upper Goru Claystone/Marl provides regional
seal. Intraformational shales within Lower
Goru Formation
 TRAP
Structural and stratigraphic play
SALIENT FEATURES
• 524 line km 2D vintage seismic and two wells

data was purchased and interpreted
• One structural lead has been identified within Generalized Stratigraphy of Lower Indus Basin
the block
• Sember is a regionally distributed source

rock.
• Lower Goru Formation is a proven reservoir

in this region

SALAM BLOCK
 GRANT DATE: December 20, 2003

 LOCATION: Jacobabad and Ghotki districts, Sindh Province
 AREA: 200.22 km2
 WORKING INTEREST: PEL 37.5 % (Operator)
FHL 37.5 %
GPX 25 %
 PLAY TYPES: Structural
 PROSPECTIVELY ZONE: III
 WORK COMMITMENT: 30 lkm 2D seismic, drill one exploratory well

 WORK COMPLETED: Seismic acquired:134 lkm 2D
Seismic data purchased: 520 lkm 2D
Seismic data reprocessed: 520 lkm 2D
Well data purchased: 3 wells
Work inLocation
progress:Map In house G & G studies
Tentative work program: To drill Ibrahim-1 well at SML level
SML prospectively in vicinity

PETROLEUM SYSTEM
 SOURCE
Sember Shales
 RESERVOIR
Sui Main Limestone and Sui Upper Limestone
 SEAL
Sui, Ghazij & Sirki shales
SALIENT FEATURES
 Ibrahim Prospect with potential resource

exposure of over 50 BCF
 Second lead is the southwest of Ibrahim
prospect but outside the river channel.
 To confirm the southern closure of the
southwestern lead, it is proposed to acquire 30
lkm 2D seismic and to re-process 60 lkm 2D
seismic
Stratigraphic column and Petroleum System
 Salam Block is located in an area where the
main gas pipelines are passing within a distance
of 15 kms and any gas discovery can be
developed in a cost effective manner
Depth structure map of Proposed well Interpreted seismic section

PERMITS IN MOROCCO
EXPLORATION PERMITS IN MOROCCO
Area
Exploration Permits WIOs
(Km²)
PEL (Operator) 75 %
Haha-1 1608
ONHYM 25% (Carried)
PEL (Operator) 75 %
Haha-2 1760
ONHYM 25% (Carried)
PEL (Operator) 75 %
Haha-3 1551
ONHYM 25% (Carried)

HAHA PERMITS, ESSAOUIRA BASIN,
MOROCCO

 AREA: 4919 km2
 LOCATION: About 550 km southwest of the capital Rabat
 WORKING INTEREST: PEL 75 % (operator)
ONHYM 25 % (carried)
 RESERVES EXPOSURE: 300bcf
 WORK COMPLETED: Seismic acquired: 140 sq km 3D
Seismic data reprocessed: 132 L km 2D
 WORK IN PROGRESS: In house G & G studies

To drill exploratory well Tamanar-1
Depth structure map on different horizon

PETROLEUM SYSTEM
 SOURCE
Silurian and Devonian shales and Oxfordian
basal shales
 RESERVOIR
Triassic and Paleozoic sands and Jurassic
carbonates and Sandstone
 SEAL
Triassic Salt/Jurassic Anhydrite and shales
SALIENT FEATURES
 Tamanar-1 prospect at Triassic level is a

robust structure with an area of about 18
km2
 Two more structures at

Callovian/Argovian and Liassic Level
Stratigraphic column and Petroleum
have been delineated
System
 Several surface anticlinal structures

indicate significant upside potential
 Morocco has an investment friendly

fiscal regime offering numerous
incentives.
 The gas price for 2010 was US $

7.3/MMBTU and oil price was US $
74/BBL
 Corporate tax holiday is allowed for ten

consecutive years of regular production Interpreted seismic section

HEALTH, SAFETY AND ENVIRONMENT

Environment Protection Policy
PEL’s Strategic objectives include the safety and protection of
Environment, as a core activity.
PEL continues to control and minimize the risks to our

environment through a policy of deploying company resources
to develop and establish safe working procedures. We practice
strict compliance with all Environmental laws.
Storage and disposal of Hazardous substance is strictly

controlled in accordance with national laws and supplier's
recommendations. Pollution due to solid, liquid and gaseous
waste is eliminated through the recommended disposal
systems.
Restoration of the land is achieved by working around tree

clusters and topsoil is preserved/re-laid after completion of
Operations.
PEL management and employees are committed to safe

environmental management and low impact/pollution
practices/procedures for the work. Site Managers are required
to spread environmental awareness within the employees.
Suggestions and comments are appreciated. Improvements in
performance and compliance are sustained through an active
interaction program and audit contributions are acknowledged
and rewarded while violations are attended to promptly.
PEL feels proud to be a committed environment-friendly

company.
Zaheeruddin

CORPORATE SOCIAL RESPONSIBILITY (CSR)
Message from Chairman
A responsible corporate entity, PEL

remains committed to enhancing
the well being of the
underprivileged communities in and
around its concessions and lease
areas, by providing clean drinking
water, education, health facilities,
local employment and infrastructure
development. Every year, millions
of dollars are being spent on
community welfare programs.
It gives me great pleasure to

confirm that thanks to our sustained community welfare
programs, PEL has succeeded in improving the well being of
the communities living in and around our concessions in
addition to providing them health and education facilities. PEL
is committed to continuing these efforts into the future.
Zaheeruddin
Chairman and Chief Executive


As per the CSR policy outlined by

the Chairman, PEL as a
responsible corporate entity is
fully aware and committed to its
social responsibility towards the
local communities.
• PEL has established a track

record of implementing social
welfare schemes in its area of
operations
• PEL made a significant

contribution (US$ 29,750) in
construction of eight classrooms at HMB Trust’s Institute of
Science & Technology, Shikarpur
• PEL undertook installation of Electric Water Coolers at various

schools, colleges, libraries and parks (US$ 33,688)
• PEL made a major contribution (US$ 456,260) in the

establishment of regional Petroleum Technical Training
Institute at Khairpur, Sindh

RECENT SOCIAL WELFARE ACTIVITIES
Provision of funds for the establishment of Petroleum

Training Institute, Khairpur Sindh

Provision of uniforms for orphan children at Bait-ul-Mal

Pakistan



Donated a vehicle to a well reputed NGO

FLOOD RELIEF OPERATIONS
Unprecedented and
devastating floods hit the
entire country in the monsoon
months of July and August,
2010. People living in the
vicinity of Block-22 & Badar
fields were seriously affected
by these floods. PEL in line
with its CSR Policy provided
relief to the flood affectees by
taking the following actions:
• Supplying cooked meals
• Ration and other necessities

like kitchen utensils
•boats for rescue works (one wooden boat and one fiber glass
motor boat with 25HP engine)
• Organized distribution schemes of emergency food packs and

relief goods (cooked meals and bags (20 kg each) containing
flour, rice, sugar, grain seed, cooking oil, milk and tea)
PEL had organized field trips of qualified medical teams

through mobile dispensaries for helping the affected people
against exposure to water borne and other diseases.

FLOOD RELIEF OPERATIONS

TRAINING POLICY
PEL is committed to imparting skills related to oil & gas

industry requirements. It has proudly invested over One Million
US Dollars during the last four years (i.e. 2008 – 2011) on
training and development of government officials and its
employees. The main objective of training and development is
to help develop key competencies which enable individuals to
perform current or future jobs successfully. All training and
development programs are geared towards:
•Strengthening the job skills/knowledge of government officials
and its employees
• Key Training Activities attended by our employees during 2011
were as follows:
• Oil & Gas Summit, Asia – Malaysia
•Seminar on Testing through New Technology arranged by
Schlumberger – Islamabad, Pakistan
• Procurement & Inventory Management arranged by Skill
Development Council
• Wireline Log Interpretation arranged by OGTI – Islamabad,
Pakistan
• Business Writing Skills arranged by Skill Development Council

STATUTORY PAYMENTS TO THE GOVERNMENT
PEL has contributed an amount of over US$ 13 million

from July, 2003 till January 31, 2012 on account of
statutory payments to the Government of Pakistan
covering:

FUTURE OUTLOOK
To exploit knowledge and evolving technology and pursue
international opportunities for exploration and acquisition of
production assets to become a leading E&P company
To attract serious E&P companies into Joint Ventures Partnerships

through farming into its exploration and production assets in
Pakistan and overseas, especially Morocco
To aim at an aggressive corporate growth through prudent goals

oriented strategies and risk management spreading the risks and
sharing the rewards
EXPECTED POTENTIAL RISE

SH HZ D
CGGVERIT S
PEL A Shahzad & CGGVeritas JV
FLASH
SENIOR MANAGEMENT
Mr. ZAHEERUDDIN
Mr. ZAFAR IQBAL Mr. MOEENUDDIN Mr. SHAHZAD ZAHEER Mr. SHAHBAZ ZAHEER
Director Director Director Director
Mr. Tariq Fatemi Mr. Zafarullah Khan
(Ambassador (R) Sr. Executive Vice President
Sr. Executive Vice President (Int’l) (Power Division)
Mr. Munir Ahmed Mr. Shahid Ahmad

Advisor Advisor
Mr. Azar-ul-Islam Mr. Mohammad Ali Mirza

Vice President Business Development Vice President Minerals
Dr. GULFARAZ AHMAD
Chief Operating Officer
Mr. S. A. Rehman Dr. Mahmood Ul Hassan

Senior General Manager Senior General Manager
Technical Exploration
Mr. Khalid Rahim Mr. Azam Malik

General Manager Production General Manager Exploration
Morocco
Mr. Shahid-ul-Khairi Mr. Khawaja Manzoor Mr. Muhammad Maroof
General Manager General Manager General Manager Geophysics
Exploitation & Exploration (Procurement)
Brig (R) Mohammad Saleem Syed Haider ali Mr. Muhammad Jamil
General Manager General Manager Power General Manager Drilling
Coordination
Dr. Rafiq Shaikh Mr. Aamir Hameed Mr. Talha Waheed

General Manager General Manager Manager Finance & JV
Process Taxation
Mr. Adeeb Ali Mirza Air Cdre. (R) M. Yousaf Javed Mr. Noor Mohammad Khan
Manager Finance Deputy General Manager General Manager (Mining)
(Finance)
Mr. Mozaffar A li K han Mr. A mjad Waheed Qures hi Mr. Muhammad Yousaf
Manager Production Manager Geological Synthesis Manager
Geologist Prospects Generation
C h. Nazeer A hmed C ol (R ) S hujaat G humman Mr. S haikh Manzoor

Manager Interpretation Manager Training & Manager
Social Welfare Social Works
Mr. Naved A kram Mr. Haider A li S hah Mr. Salman Rashed

Consultant Manager Prospects Evaluation Business Development
Consultant
S yed A zim S abir L t C ol (R ) A zhar Iqbal

Manager Graphics Manager HR

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PEL Profile, December, 2009

1. CHAIRMAN AND BOARD OF DIRECTORS 3

3. PEL JOINT VENTURE PARTNERS 11

7. EXPLORATION LICENSES ONSHORE/OFFSHORE PAKISTAN 21

PEL Profile, November 2012 2

Mr. Zafar Iqbal Mr. Moeenuddin Mr. Shahzad Zaheer

PEL Profile, November 2012 3

PEL Profile, November 2012 4

PEL currently operates 9 onshore and 1 offshore exploration license, 4

PEL, in JV partnership with Frontier Holdings Ltd and Government Holdings

PEL Profile, November 2012 6

GAS PRODUCTION SHARE 2010-2011

PEL Profile, November 2012

Role/Potential of Natural Gas

PEL Profile, November 2012 8

Badin IV South Block

New Larkana Block,

Sanghar East Block

Haha Permits Morocco

Mirpur Mathelo Block

PEL Profile, November 2012 9

PEL Profile, November 2012 10

PEL Profile, November 2012 11

PEL Profile, November 2012 12

 Badar Mining Lease

 Kandra D & P Lease

DEVELOPMENT AND PRODUCTION/ MINING LEASES

Hasan D&PL 37.6 51.939 BSCF 64.461 BSCF

WIO (Below SML)

PEL (Operator) 30.0 %

PEL Profile, November 2012 13

 GRANT DATE: April 03, 2003

 LOCATION: Sukkur, Jacobabad and Shikarpur, Sindh Province.

 AREA: Hasan D & PL (37.05 KM2 )

 PROSPECTIVITY ZONE: III

 WORKING INTEREST: PEL 30 %

 PLAY TYPE: Structural

 RESERVES EXPOSURE: 208 BCF

 TENTATIVE WORK PROGRAM: Drilling of Hasan -4 well in 4th quarter of 2012

Prospectivity map in the vicinity

PEL Profile, November 2012 14

 Petroleum System is fairly established in the

 Three wells (Hasan-1, Hasan-2 and Hasan-3)

 Two wells (Sadiq-1 and Sadiq-2) have been

 Two wells (Khanpur-1 and Khanpur-2) have

 Energy infrastructure exists in the area.

Interpreted seismic section

PEL Profile, November 2012 15

 GRANT DATE: March 13, 2002

 PLAY TYPE: Structural/Stratigraphic

 PRODUCED HYDROCARBON: Gas

Surrounding Gas discoveries &

PEL Profile, November 2012 16

Anticlinal structures formed in

 Petroleum System is fairly established Stratigraphic Column showing petroleum system

 Proven recoverable reserves in Sui Main Limestone

 Badar-1 was drilled in 1994 and it has produced

 Currently the well is producing about 14 MMSCFD

 There is updip potential in Sui Upper Limestone and

a lead has been identified

Seismic Section showing SML & SUL reservoir

PEL Profile, November 2012 17

 GRANT DATE: January 05, 2006