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1
PETROLEUM EXPLORATION (PVT) LIMITED
Courtesy: Lamprell plc
www.shahzadintl.com.pk
ENGAGED IN DIVERSE BUSINESS PURSUITS….
SHAHZAD INTERNATIONAL GROUP OF COMPANIES
….DEDICATED TO DYNAMIC GROWTH, SUSTAINED DEVELOPMENT AND MEANINGFUL ECONOMIC BENEFITS FOR THE GROUP AND ITS PARTNERS
2
3
SHAHZAD GROUP OF COMPANIES
Flash Security Services (Pvt.) Limited Global Mining Company (Pvt.) Limited
GROUP ACTIVITIES
4 • With the Group’s
sound financial position, its
companies are in business
independently, as well as in
collaboration with foreign
partners, since 1980
The Shahzad Group, comprises nine (7)
companies.
• The Group has been instrumental
in bringing a number of
multinational companies to
Pakistan resulting in substantial
profitable investment that
led to remarkable discoveries of Oil &
Gas
The Group is pursuing a policy of forging strategic alliances with reputable
foreign companies
• Activities cover a wide spectrum, including oil &
gas exploration & production both onshore
and offshore; power generation and
transmission; mineral exploration &
development including gold, copper, coal and
other minerals; oil & gas field services, supply of oil
& gas equipment and materials, process
equipment; information technology; security; telecommunication;
production of documents and trading As a local partner, Shahzad Group is
providing support to foreign companies in
Pakistan
RECOGNITION OF SERVICES
5
The Group’s founder Chairman and Chief Executive Mr. Zaheeruddin has been bestowed a prestigious civil award, Tamgha-e-Imtiaz by the President of Pakistan, in recognition of his outstanding services to the Oil, Gas and Power
Sectors.
PAKISTAN’S UPSTREAM OIL & GAS SECTOR
6
PAKISTAN'S ENERGY OUTLOOK
2010 – 2011
64.522 mtoe = 1,290,440 boed
7
0
20
40
60
80
100
120
2007-
08
2008-
09
2009-
10
2010-
11
2011-
12
2012-
13
2013-
14
2015-
15
2015-
16
2016-
17
2017-
18
2018-
19
2019-
20
2020-
21
2021-
22
Millio
n T
OE
s
Local Supply Total Oil & Gas Source: Pakistan Energy Outlook
Import bill $ 50 Billion Imports
Need to invest NOW
Ever increasing Supply Demand Gap Pakistan’s Current Energy Mix
Gas
47.70%
Coal
6.70%Hydro
Electricity
11.80%
Nuclear
1.30%
Indigenuos
Oil
5.00%
Imported Oil
27.00%
LPG
0.50%
PAKISTAN PETROLEUM SECTOR 8
Policy, Rules & Reforms
• Pakistan leads South Asia in petroleum reforms
• Forward looking & dynamic policies to promote private investment
• The petroleum sector is competitive, efficiently run, profitable and has a ready oil & gas market
• Pakistan has a hungry market for oil & gas
• Pakistan’s geology has proven and excellent prospects to discover new oil & gas reserves
Present Situation
• Energy needs are met by local production and imports
• Gas contribution in the energy mix is around 50 %
• Annual energy growth is around 5.25%
• Daily oil production is 70,981 Barrels
• Daily gas production is 4.2 BCF
• Daily oil import is around one third of a million barrel
• Pakistan has a model energy mix from environmental point of view
PAKISTAN PETROLEUM SECTOR… 9
Dynamic Policies offering
competitive financial and
regulatory packages
Excellent prospects to
discover additional Oil & Gas reserves
Country wide gas
infrastructure and ready market for
new discoveries
Excellent success
ratio of 1 to 3.3
Sedimentary basins are
under explored
(two wells / 1000 Km²)
Petroleum Concession Map of Pakistan – September, 2012
Pakistan Energy Infrastructure Map – 2012
PAKISTAN PETROLEUM SECTOR AT A GLANCE
10
Exploratory Wells
• 810 (First well in 1866)
Development Wells
• 1112
Sedimentary Area
• 827,268 km²
Area under Exploration
•274,963 km² (33% of sedimentary area)
Exploratory Drilling Density
•very low compared to the world average
•2 wells / 1000 km²
Exploration Licenses
•132
Leases
• 133
Discoveries: 241
• Oil 59
• Gas/Condensate 193
Operators
• Seventeen Foreign and Eleven Local Companies
CHAIRMAN & BOARD OF DIRECTORS
Mr. Zaheeruddin Chairman & Chief Executive
11
Mr. Zafar Iqbal Mr. Moeenuddin Mr. Shahzad Zaheer Director Director Director
SENIOR MANAGEMENT
12
Dr. Gulfaraz Ahmed Mr. Tariq Fatimi Mr. Munir Ahmed Mr. Shahid Ahmad Chief Operating Officer Advisor International Affairs Advisor Technical Advisor Concession & Corporate
Affairs and Head of Exploration
Mr. Shamim A. Bhatti Dr. Mahmood-Ul-Hassan Edwin G Bowles Mr. Khalid Rahim SGM Operations SGM Exploration SGM (London Office) GM Production & Planning
SENIOR MANAGEMENT
Mr.Shahid-Ul-Khairi Mr. Azam Malik Mr. M. Maroof Mr. Amir Hameed GM Exploration GM Exploration GM Geophysics GM Taxation
13
Brig. (R) M Saleem Mr. Khawaja Manzoor Mr. Mohammad Jamil Air Cdre (R) M.Yousaf Javed Lt Col (R) Azhar Iqbal GM Co-ordination GM Procurement GM Drilling DGM Finance Manager HR and Admin
TECHNICAL TEAM
Mr. Muhammad Yousuf Mr. Muzaffar Ali Khan Mr. Naveed Akram Mr. Haider Ali Shah Manager Prospect Generation Manager Production Consultant Manager Exploration
14
Chaudhry Nazir Ahmed Mr. Amjad Waheed Qureshi Miss Farah Shafique Faisal Sheikh Manager Geophysics Manager Geology Sr. Geophysicist Sr. Geophysicist
FINANCE & COMMERCIAL TEAM
Muhammad Talha Waheed Mr. Kamran Shuja Mr. Adeeb Ali Mirza
15
Mr. Assad Saeed Mr. Ubaid Rehmat
FINANCE & COMMERCIAL TEAM
16
Mr. Fahad Ali Chaudhry Miss Mehreen Mir Mr. Jawad Ahmed
Mr. Zain Rehman Miss Zainab Nayyar
17
GROWTH
Established
• PEL was established in 1994, by Mr. Zaheeruddin, who is the founding Chairman and Chief Executive
Growth
• In less than 18 years, PEL has grown into a highly reputable and successful E&P company
• It has the largest exploration acreage among indigenous private sector companies and is operating within the country and abroad
• PEL has the distinction of being the first private petroleum company of Pakistan going abroad for exploration and development of oil & gas in the Kingdom of Morocco, as an Operator
Present Status
18
Currently operates nine onshore and one offshore exploration license, five D&P/Mining leases and one non-operated block in Pakistan
Operating three onshore permits in the Kingdom of Morocco, as one of the pioneer Pakistani company to enter the region, in partnership with ONHYM (the Moroccan
National Petroleum Company)
Presently producing natural gas from four gas fields
Recently production has commenced from Koonj gas discovery in Sukkur Block operated by Mari Gas Company. PEL has 41.2% working interest in this Block
The company along with its joint-venture partners has invested over US$ 200 Million in the past and plans to invest over US $ 300 Million on exploration and
production during the next two years
GROWTH…
19
The range and diversity of Company’s reputable Joint Venture Partners reflects their confidence in the ability and competence in PEL as an Operator on their behalf
JOINT VENTURE PARTNERS
Oil & Gas Development Company Limited Government Holdings Private Limited, Pakistan
Pakistan Petroleum Limited, Pakistan
Mari Gas Company Limited, Pakistan
Oil & Gas Investments, Pakistan
Pyramid Energy International Incorporated, BVI
Frontier Holdings Limited, Canada
Gulf Petroleum Exploration International, Kuwait SHERRITT International Oil & Gas Limited, Canada
SPUD Energy Private Limited, Australia BP Exploration (Alpha) limited
Office National des Hydrocarbures et des Mines, Morocco
20
MISSION & VISION
To effectively participate in petroleum exploration and production by spreading the risk and sharing the reward and enhancing knowledge base through alliances and joint ventures with key E&P companies nationally and internationally
To develop a sound professional base with cutting edge technology and knowledge to emerge as a global E&P player
To maximize returns to all the joint venture partners and contribute to economy of the country
To protect and preserve environment in all its operations
To enhance reserve base and production level through diligent exploration, acquisition and rapid development of available resources
To look for joint ventures/mergers/acquisitions and strategic alliances/networking with other E&P companies
21
EXPLORATION & PRODUCTION PORTFOLIO PAKISTAN
EXPLORATION &PRODUCTION PORTFOLIO
22
Exploration Licences (Onshore)
Exploration Licences (Offshore)
Exploration Permits Morocco (Onshore)
Development and Production / Mining Leases
• Mirpur Mathelo Salam
• New Larkana Badin IV North
• Badin IV South Jhangara
• Mirpur Khas West Sanghar East
• Kaloi Hamza
• Sukkur(Non-Operated)
• Offshore Indus – J
• Haha-1
• Haha-2
• Haha-3
• Hasan D&PL Sadiq D&PL
• Khanpur D&PL Kandra D&PL
• Badar ML
EXPLORATION PORTFOLIO (PAKISTAN)
23
Exploration Licences in Pakistan
WIOs Area (km²)
Mirpur Mathelo (2769-9) PEL (Operator) 35 %
FHL 35 %, GPX 25%, GHPL 5 % (Carried) 1,030.68
Salam (2769-13) PEL (Operator) 37.5%, FHL 37.5%, GPX 25% 200.22
New Larkana (2768-10) PEL 100 % 2,425.96
Badin IV North ( 2468-6) PEL (Operator) 47.5% , FHL 27.5%, GPX 25% 1,246.03
Badin IV South (2468-5) PEL (Operator) 47.5%, FHL 27.5%, GPX 25% 1,265.33
Offshore Indus-J (2266-4) PEL (Operator) 67%, BP 33% (under assignment to PEL ) 2,436.30
Jhangara (2567-5) PEL (Operator) 40%, OGIL 60% 357.19
Mirpur Khas West (2568-16) PEL 100 % 199.26
Sanghar East (2669-5) PEL 100 % 2,493.13
Kaloi (2468-8) PEL 100 % 2,485.14
24
MIRPUR MATHELO BLOCK
Middle Indus basin Area: 1030.68 km2 Location: Sukkur and Ghotki Districts, Sindh Province Working Interest: PEL 35% (Operator), FHL 35%, GPX 25%, GHPL (carried) 5% Play types: Structural/stratigraphic in Sui Main Limestone (Eocene), Lower Goru (K) Hydrocarbon play: Gas/condensate Prospectivity Zone: III Surrounding oil & gas fields: Mari(8.2 TCF), Qadirpur(5.5 TCF), Rehmat (114 BCF) and Badar(100 BCF) Reserves exposure: Over 2 TCF
Work commitment: 50 & 150 lkm 2D seismic and 1 exploratory well
Work completed: Seismic acquired: 253 lkm 2D Seismic purchased: 2060 lkm 2D Seismic processed/reprocessed: 1716 lkm 2D Well data purchased: 2 wells Leads/prospects mapped: 5 Exploratory wells drilled: 1 Reservoir evaluation through seismic inversion interpretation Remaining Work Commitment: 150 line km 2D seismic
Work in progress: Stratigraphic play interpretation Structural/stratigraphic/reservoir play modeling G & G in progress
Mari 8.2 TCF
Qadirpur 5.5 TCF
Badar 100 BCF Rehmat
114 BCF
Miano 537 BCF
Kandra 2.86TCF
175 TCF
Haseeb 200 BCF
25
SALAM BLOCK
Middle Indus Basin Area: 200.22 km2 Location: Jacobabad and Ghotki Districts, Sindh Province Working Interest: PEL 37.5 % (Operator), FHL 37.5 %, GPX 25 % Play types: Structural in Sui Main Limestone (Eocene) Hydrocarbon play: Gas Prospectivity Zone: III Surrounding oil & gas fields: Qadirpur (5.5 TCF), Kandhkot (1.6 TCF) and Badar (100 BCF) Reserves exposure: 400 BCF
Work Commitment: 30 lkm 2D seismic and 1 exploratory well
Work completed: Seismic acquired: 134 lkm 2D Seismic data purchased: 520 lkm 2D Seismic data processed/reprocessed: 654 lkm 2D Well data purchased: 3 Leads/prospects mapped: 2 Reservoir evaluation through seismic inversion interpretation
Work in progress: In house G & G studies Structural/stratigraphic/reservoir play modeling Preparations to drill an exploratory well
Mari 8.2 TCF
Qadirpur 5.5 TCF
Badar 100 BCF
Rehmat 114 BCF
Miano 537 BCF
Kandra 2.86 TCF
Khandkot 1.6 TCF
175 TCF
Haseeb 200 BCF
26
BADIN- IV NORTH BLOCK
Lower Indus Basin Area: 1246.03 km2 Location: Hyderabad and Thatta districts, Sindh province Working Interest: PEL 47.5 % (Operator), FHL 27.5 %, GPX 25 % Play Types: Tilted fault blocks, structural/stratigraphic in Lower Goru, Sembar sands (Cretaceous) and Chiltan carbonates (Jurassic) Hydrocarbon play: Oil, Gas & Condensate Prospectivity Zone: III Surrounding oil & gas fields: Oil and gas fields operated by UEPL (formerly UTP/BP) surrounding the Badin IV North Block have already produced over 185 MMBO and 1.5TCF gas Reserves Exposure: 25 MMBO & 200 BCF
Work commitment: 150 lkm 2D seismic & 3 exploratory wells
Work completed Seismic acquired: 300 lkm 2D seismic Seismic data purchased: 4493 lkm 2D & 993 km2 3D Seismic data processed/reprocessed: 1460 lkm 2D Well data purchased: 41 Leads/prospects mapped: 14 Exploratory wells drilled: 2
Work in progress: In-house G & G studies Vintage seismic interpretation to delineate stratigraphic traps Preparations to drill an exploratory well
SINDH
KARACHI
Badin IV
North
Badin
IV
South
ML and D & P Leases
(Oil & Gas Fields)
BADIN – IV SOUTH BLOCK 27
Lower Indus Basin Area: 12655.33 km2 Location: Thatta and Badin Districts, Sindh Province Working Interest: PEL 47.5 %(Operator), FHL 27.5 %, GPX 25 % Play Types: Tilted fault blocks, structural/stratigraphic in Lower Goru, Sembar sands (Cretaceous) and Chiltan carbonates (Jurassic) Hydrocarbon play: Oil, Gas & Condensate Prospectivity Zone: III Surrounding oil & gas fields: Oil and gas fields operated by UEPL (formerly UTP/BP) surrounding the Badin IV South Block have already produced over 185 MMBO and 1.5TCF gas Reserves Exposure: 30 MMBO & 700 BCF
Work commitment: 100 lkm 2D seismic & 4 exploratory wells
Work completed Seismic acquired: 483 lkm 2D seismic Seismic data purchased: 2673 lkm 2D & 626 km2 3D Seismic data processed/reprocessed: 2322 lkm 2D Well data purchased: 29 Leads/prospects mapped: 10
Work in progress: In-house G & G studies Vintage seismic interpretation to delineate stratigraphic traps Preparing to drill exploratory wells
SINDH
KARACHI
Badin IV
North
Badin IV
South
ML and D & P Leases (Oil & Gas Fields)
JHANGARA BLOCK 28
Lower Indus Basin Area: 357.19 km2 Location: Dadu District, Sindh Province Working Interest: PEL 40% (Operator),OGIL 60% Play types: Structural & stratigraphic in Cretaceous sands Hydrocarbon play: Gas/ condensate Prospectivity Zone: III Surrounding oil & gas fields: Zamzama (2.32 TCF + 11.68 MMBC) & Bhit (1.6 TCF) producing from Pab and Badhra (110 BCF) producing from Mughal Kot Reserves Exposure: 350 BCF
Work commitment: 200 lkm 2D seismic
Work completed: Seismic data purchased: 253 lkm 2D Prospects mapped: 2 Exploratory wells drilled: 1 Structural modeling through Beicip Franlab Geological field work mapping and outcrop sampling Structural and reservoir evaluation study Petrophysical analysis of Pab and Mughal Kot intervals
Work in progress: In-house G&G studies 2D Sesimic and finalize a drillable prospect Structural/stratigraphic/reservoir play modeling Preparations in hand to acquire 2D seismic before drilling an exploratory well
Zamzama 2.32 TCF & 11.68
MMBC
Badhra 110 BCF
Bhit 1.6 TCF
Punjab
UEPL (formally
UTP/BP),
OGDCL & PPL
operated fields
29
KALOI BLOCK
Lower Indus Basin Area: 2485.14 km2
Location: Badin and Mithi Districts, Sindh Province Working interest: PEL (Operator)100% Play types: Tilted fault blocks & stratigraphic in Lower Goru and Sembar sands (K) and Chiltan carbonates (J) Hydrocarbon play: Oil, gas/condensate Prospectivity Zone: III Surrounding oil & gas fields: Oil and gas fields operated by UEPL (formerly UTP/BP) located towards
west of Kaloi in the Badin Blocks that have already produced over 185 MMBO and 1.5TCF gas
Reserves exposure: 15 MMBO & 350 BCF
Work commitment: 300 lkm 2D seismic and 2 exploratory wells
Work completed: 2D seismic purchased: 506 lkm 2D Leads/prospects mapped: 4
Work in progress Vintage data interpretation at Lower Goru Basal sand Structural/stratigraphic/ reservoir play modeling Preparing to acquire 2D seismic
4 leads/ prospects in Lower. Goru
UEP
L (f
orm
ally
U
TP/B
P)
op
era
ted
fi
eld
s
MIRPUR KHAS WEST BLOCK
30
Lower Indus Basin Area: 199.26 km2 Location: Hyderabad & Dadu Districts, Sindh Province Working Interest: PEL (Operator) 100 % Play Types: Tilted fault blocks, structural/stratigraphic in Lower Goru sands (Cretaceous) and Chiltan carbonates (Jurassic) Hydrocarbon play: Gas Prospectivity Zone: III Surrounding oil & gas fields: OGDCL, PPL and UEPL (formerly UTP/BP) oil, gas/condensate fields located north of Badin Blocks that have already produced 83 MMBO and 337 BCF gas Reserve Exposure: 200BCF
Work commitment: 250 lkm 2D seismic and 3 exploratory wells
Work completed: Seismic acquired: 176 lkm 2D Seismic purchased: 305 lkm 2D Seismic processed/reprocessed: 276 lkm 2D Well data purchased: 8 Leads/prospects mapped: 3
Work in progress In-house G&G studies Sequence stratigraphy evaluation of L. Goru sands Structural/stratigraphic/reservoir play modeling Preparations to drill an exploratory well
Punjab
UEP
L (f
orm
ally
U
TP/B
P),
O
GD
CL
& P
PL
op
era
ted
fie
lds
UEP
L (f
orm
ally
U
TP/B
P)
op
erat
ed
fi
eld
s
SANGHAR EAST BLOCK 31
Lower Indus Basin Area: 2493.13 km2 Location: Sanghar and Khairpur Districts Sindh Province Working interest: PEL (Operator) 100 % Play types: Structural/stratigraphic in Lower Goru, Sembar (Cretaceous) sands & Jurassic carbonates Hydrocarbon play: Oil/gas Prospectivity Zone: III Surrounding oil & gas fields: SGL Gas Field, Rajasthan, India (Focus Energy) and Lala Jamali, Sindh (OGDCL) Reserves exposure: 200 BCF
Work Commitment: 200 lkm 2D seismic and 4 exploratory wells
Work Completed: Seismic purchased: 685 lkm 2D Seismic reprocessed: 36 lkm 2D Well Data Purchased: 2 wells Leads/prospects mapped: 2
Work in Progress: Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling Preparing to acquire 200 lkm 2D seismic
Punjab
SGL Gas Field 3100m in L. Goru, flowed 21 MMSCFD, about 950
btu/scf gas
Lala Jamali Gas Field (OGDCL), in L. Goru, flowed 1130 btu/scf
gas
UEP
L (f
orm
ally
U
TP/B
P),
OG
DC
L &
PP
L o
pe
rate
d
fie
lds
32
NEW LARKANA BLOCK
Lower Indus Basin Area: 2426 km2 Location: Larkana & Shikarpur Districts, Sindh Province Working interest: PEL (Operator)100 % Play types: Structural in Sui Main Limestone (Eocene), Dunghan carbonates (Paleocene) and stratigraphic in Pab Sandstone (Cretaceous) Hydrocarbon play: Gas/condensate Prospectivity Zone: III Surrounding oil & gas fields: Mehar (434 BCF), Mazarani (183 BCF), Haseeb (200 BCF), Kandra (2.86 TCF), Block 22 (175 BCF) Reserves exposure: 200 BCF
Work commitment: 100 lkm 2D seismic and 3 exploratory wells Work completed: Seismic data purchased: 556 lkm 2D Well data purchased: 1 Leads/prospects mapped: 2
Work in progress: In-house G & G studies Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling Preparing to acquire 100 lkm 2D seismic before drilling a well
Mehar
434 BCF
Mazarani
183 BCF
Haseeb
200 BCF
Hasan, Khanpur,
Sadiq & Hamza
175 BCF
Kandra
2.86 TCF
33
SUKKUR BLOCK (NON-OPERATED)
Middle Indus Basin Area: 2435.4 km2 Location: Sukkur and Ghotki Districts, Sindh Province Working Interest: PEL 41.2%, MGCL (Operator) 58.8% Play types: Structural in Sui Upper & Sui Main Limestones (Eocene) and stratigraphic in Lower Goru sands (Cretaceous) Hydrocarbon play: Gas/condensate Prospectivity Zone: III Surrounding oil & gas fields: Block 22 (175 BCF), Haseeb (200 BCF), Kandra (2.86 TCF), Rehmat (114 BCF) and Badar 100 BCF Reserves exposure: 200 – 300 BCF
Work commitment: Seismic Acquisition & Processing of 100 lkms and 3 exploratory wells
Work completed Seismic acquired: 460 lkm Seismic data purchased: 909 lkm 2D Seismic data processed/reprocessed: 1200 lkm Well data purchased: 5 Leads/prospects mapped: 5 Wells drilled: 3 Discovered Koonj Gas Field, under extended well testing (EWT), present production 2.5 MMSCFD Regional geological study of Central Gas Basin
Work in progress: In-house G & G studies Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling
Haseeb
200 BCF
Kandra
2.86TCF
175
BCF
Mari
8.2 TCF
Qadirpur
5.5 TCF
Badar
100 BCF
Rehmat
114 BCF
Miano
537 BCF
Khandkot
1.6 TCF
34
OFFSHORE INDUS – J BLOCK
Offshore Indus Basin Area: 2436.30 km2 Location: 200 km south of Karachi Working Interest: PEL (Operator) 77 %, BP 33% (under assignment to PEL)
Play types: Channel/levee sands/carbonate buildups (Paleogene – Neogene) Hydrocarbon play: Gas/condensate Prospectivity Zone: O Wells in the area: 13 wells (PakCan-1 flowed 3.7 MMSCFD) Reserves exposure: 25 - 30 TCF
Work commitment: 186 Work Units (WU) One WU = 10 lkm 2D or 1 km² 3D seismic
Work completed: Seismic acquired: 936.5 lkm 2D& 550 km² 3D (643.6 WU) Seismic processed to PSDM level: 550 km² 3D cube Leads/prospects mapped: 2 on 3D cube and 3 on 2D data
Work in progress: In-house G & G studies Structural/stratigraphic/reservoir and source play modeling
Channel-sheet sands leads&
prospects
OIL AND GAS POTENTIAL EXPLORATORY BLOCKS (PAKISTAN)
35
Gas Exposure Oil Exposure
Reserve Exposure for Offshore J Block is estimated at 25 – 30 TCF and Mirpur Mathelo over 2 TCF
Mirpur Khas West0.20 TCF
Jhangara0.35 TCF
Salam0.40 TCF
New Larkana0.20 TCFBadin IV North
0.20 TCF
Badin IV South0.70 TCF
Sanghar East0.20 TCF
Kaloi0.35 TCF
Badin IV North25 MMBBL
Badin IV South30 MMBBL
Kaloi15 MMBBL
Recoverable reserves from Block-22, Badar and Kandra Fields are estimated to be over 3 TCF of Gas
HYDROCARBON ASSETS (OPERATED FIELDS)
36
37
GAS PRODUCTION SHARE 2010 – 2011
OGDCL21.38%
Dewan0.71%
OMV11.00%
OPII0.33%
MOL7.57%
PEL0.67%
PPL18.86%
POL0.53%
BHP9.73%
BP4.39%
MGCL12.65%
Petronas0.33%
Eni Pakistan11.86%
TULLOW0.01%
GAS PRODUCTION SHARE 2010 – 2011
(PRIVATE SECTOR) 38
PEL35.05%
Dewan37.26%
POL27.69%
HASSAN, SADIQ & KHANPUR D & P LEASES 39
Hasan D & P Lease
Khanpur D & P Lease
Sadiq D & P Lease
Gas Production 8.307 MMSCFD (September, 2012)
40
HASSAN, SADIQ & KHANPUR D & P LEASES…
Mari
8.2 TCF
Qadirpur
5.5 TCF
Rehmat
114 BCF
Miano
537 BCF
Khandkot
1.6 TCF
Badar
100 BCF
Kandra
2.86 TCF
Haseeb
200 BCF
Block – 22 Fields on production since December 2000 Reservoir: Sui Main Limestone (SML) Eocene Cumulative production: 58.35 BCF (as on 31-12-2011)
Number of producing wells: 06 Hasan-4 well to be drilled in 2012
41
HASSAN, SADIQ & KHANPUR D & P LEASES…
• Block-22 was awarded in 1994 • Four discoveries namely Hasan, Sadiq, Khanpur & Hamza have
been made • Three D&P Leases have been granted whereas the Hamza DOC
has been submitted & gas is planned to be supplied for power generation
• Production Facilities consist of Dehydration Unit, Amine sweetening unit, Compressors, API separator, Evaporator and Condensate handling unit.
Upside • Plan to drill an additional well in Hasan Lease to enhance
production • Plan to develop Hamza Discovery
42
BADAR MINING LEASE
BADAR 13.9 MMSCFD
Mari 8.2 TCF
Qadirpur 5.5 TCF
Rehmat 114 BCF
Miano 537 BCF
Kandra 2.86 TCF
Khandkot 1.6 TCF
Hassan, Khanpur, Sadiq & Hamza 175
BCF
Haseeb 200 BCF
Badar Mining Lease was granted in 2002, GSA was signed in August, 2004 and the production from the field commenced from SML reservoir in April, 2006. Current production rate is 13.9 MMSCFD. Cumulative production from the date of first gas delivery is 31.18 BCF (as on 31-12-2011). The field is surrounded by major gas fields and has an upside potential of stratigraphic and structural plays Future plan is to drill Badar-2 in development well in 2012 to enhance production.
43
KANDRA D&PL
Mari 8.2 TCF
Qadirpur 5.5 TCF
Rehmat 114 BCF
Miano 537 BCF
Khandkot 1.6 TCF
Hassan, Khanpur, Sadiq & Hamza 175
BCF
Badar 100 BCF
Haseeb 200 BCF
Kandra 2.86TCF
Lease Granted January 2006
Location/Area Khairpur and Sukkur Districts/286 Km²
Objectives Primary –SML (Eocene) Secondary – Lower Goru Sands / Chiltan Limestone
Recoverable Reserves 2.86 TCF (SML)
Wells Drilled 3 shallow, 1 deep
Power Project GOP approved 120 MW power plant using Kandra Gas as fuel
Future Plan Well Locations finalized. Preparation in hand to develop the field
44
THE FIELD DEVELOPMENT AND POWER PROJECT IS ESTIMATED TO COST ABOUT
US $ 95 MILLION AND US $ 165 MILLION RESPECTIVELY
KANDRA FIELD DEVELOPMENT & POWER PROJECT
FIELD DEVELOPMENT
• The low heating value Kandra gas (150 BTU/SCF) will be used as fuel for power generation after processing and blending with pipeline quality gas
• The field development envisages drilling and completing 12-14 additional wells, surface gathering lines and central processing facility for producing 120 MMSCFD of raw gas
• This gas after processing will yield 40 MMSCFD gas of 330 BTU/SCF heating value
POWER PROJECT
• The processed Kandra gas will be commingled with 10 MMSCFD pipeline quality gas of 900-950 BTU/SCF heating value to yield 50 MMSCFD of 440-450 BTU/SCF heating value
• This gas will be used as fuel for Combined Cycle Power Project of 120 megawatts electricity to be set up by the Kandra Power Company.
45
EXPLORING AFRICA KINGDOM OF MOROCCO
46
HAHA PERMITS MOROCCO
Essaouira Basin Area: 4919 km2 (about 25% of Essaouira Basin) Location: 550 km southwest of Capital Rabat Working interest: PEL75% (operator), ONHYM (carried) 25% Play types: Structural/stratigraphic in Triassic sands, Jurassic sands/carbonates and Paleozoic clastics Hydrocarbon play: Gas, oil and condensate
Surrounding oil & gas fields: Seven oil and gas fields about 60 km to the north with 500 BCF and 50 MMB oil/ condensate in Triassic & Jurassic sands and carbonates. Sidi Rhalem oil field produced 9 MMBBL of oil from Jurassic Carbonates
Resource exposure: 8 TCF and 400MMBBL
Work commitment: 70 km² 3D and 1 well
Work completed: Seismic acquired: 139 km² 3D Seismic data reprocessed: 132 lkm 2D Leads/prospects mapped: 04 Salt induced surface structures delineated , 40-80 km2 each: 10 Petrographic study of Triassic reservoirs Geochemical modeling Gravity magnetic data evaluation
Work in progress: In-house G & G studies Evaluation of salt cored structures Preparing to drill an exploratory well
Atl
anti
c O
cean
Haha Permits
7 oil & gas/ condensate fields Rec.
Reserves 500 BCF and 50 MMBO
47
HAHA PERMITS MOROCCO
REGULATORY REGIME • Politically stable & progressive
country • Investment friendly fiscal regime • Government carried interest is
limited to 25% in exploration phase
• Royalty 10% on oil and 5% on gas • No surface rental levied • No petroleum duty • No currency control • Tax free import of equipment,
material and consumables • Corporate Tax holiday during ten
years regular production
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HAHA PERMITS MOROCCO
IH #
1
IH # 1
DIGITAL TERRAIN
MODEL
GEOLOGICAL
MAP
AREA: 56 km2
Large salt induced
anticlines mapped
indicating several TCF
potential gas resources
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HAHA PERMITS MOROCCO
# SURFACE
STRUCTURES EXPOSED STRATA
RESERVOIR TARGETS AREA (km2)
1 Amsittene diapir Jurassic Triassic/Paleozoic 80
2 Ihchech Jurassic Triassic/Paleozoic 56
3 Ihchech south Jurassic Triassic/Paleozoic 70
4 Baulanouar Cretaceous Jurassic/Triassic/Paleozoic 60
5 Agouti Cretaceous Jurassic/Triassic/Paleozoic 30
6 Imakherim Cretaceous Jurassic/Triassic/Paleozoic 15
7 Adar yssi Cretaceous Jurassic/Triassic/Paleozoic 55
8 Assaka Cretaceous Jurassic/Triassic/Paleozoic 15
9 Aziar Cretaceous Jurassic/Triassic/Paleozoic 40
10 Imouzzer Triassic Paleozoic 48
CORPORATE SOCIAL RESPONSIBILITY
50
CSR is a key priority for the Company
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Corporate Social Responsibility
Vocational Training Health
Road Infrastructure Disaster Management
Drinking Water
Education
CORPORATE SOCIAL RESPONSIBILITY
52
CORPORATE SOCIAL RESPONSIBILITY (Message from the Chairman)
It is my privilege to say that PEL as a responsible corporate entity is committed to enhancing the wellbeing 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.
Today I can very proudly say that with our sustained community welfare programs we have helped in ameliorating their difficulties and improving their wellbeing. PEL is committed to continuing these efforts into the future Zaheeruddin Chairman and Chief Executive
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY…
53
PO
LIC
Y, V
ISIO
N A
ND
A
CH
IEV
EMEN
TS
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 in its area of operation
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)
Made a major contribution (US$ 456,260) in the establishment of regional Petroleum Technical Training Institute at Khairpur, Sindh
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY… (RECENT SOCIAL WORK ACTIVITIES)
54
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh.
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY… (RECENT SOCIAL WORK ACTIVITIES)
55
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh.
Provision of uniforms for orphan children at Bait ul Mal Pakistan
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY… (RECENT SOCIAL WORK ACTIVITIES)
56
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh.
Provision of uniforms for orphan children at Bait ul Mal Pakistan Medical facilities consisting of mobile dispensaries/ambulances
for emergencies
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY… (RECENT SOCIAL WORK ACTIVITIES)
57
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh.
Provision of uniforms for orphan children at Bait ul Mal Pakistan Medical facilities consisting of mobile dispensaries/ambulances
for emergencies Installation of water coolers for the supply of clean drinking
water
www.shahzadintl.com.pk
CORPORATE SOCIAL RESPONSIBILITY… (RECENT SOCIAL WORK ACTIVITIES)
58
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh.
Provision of uniforms for orphan children at Bait ul Mal Pakistan Medical facilities consisting of mobile dispensaries/ambulances
for emergencies Installation of water coolers for the supply of clean drinking
water Donated a vehicle to a well reputed NGO
FLOOD RELIEF OPERATIONS 59
CORPORATE SOCIAL RESPONSIBILITY…
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.
TRAINING POLICY 60
CORPORATE SOCIAL RESPONSIBILITY…
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 Improving operational efficiency and productivity
Key Training Activities of 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
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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 royalty, area rental, marine research, production bonus, signature bonus, training, social welfare, general sales tax, excise duty, with-holding tax and custom duty.
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HEALTH, SAFETY, SECURITY & ENVIRONMENT POLICY
HSSE Policy
Follow and maintain safe systems of work
Provide adequate and proper facilities,
equipment and safety apparel
Provide adequate training, information and instructions on health, safety and
hazards
Ensure protection of
the environment
Regard all accidents as preventable.
Commit towards a safe environmental management
To candidly audit and report all HSSE performances.
Proud to be committed to environment friendly operations As a result of strict adherence to HSSE policy, the time lost on account of accident/injury was zero hours in Block-22 and
Badar operations during last ten years
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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 EXPONENTIAL RISE 64
Growth within Pakistan
Expansion of PEL’s Operations
internationally
Achieving sustainability, and making
PEL a successful
global energy company
www.shahzadintl.com.pk
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