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PAKISTAN PETROLEUM LIMITED
CORPORATE PRESENTATION
OCTOBER 2013
Pakistan Petroleum Limited
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Corporate History2
Pattern of Shareholding30 June 2013
Shareholders PercentageGovernment of Pakistan 71.06
PPL Employees Empowerment Trust 7.35
Non-Resident Financial Institutions 9.60
Public Sector Companies 3.33
Modarabas and Mutual Funds 3.22
Others 5.44
Total 100
Century old legacy of Burmah Oil plc. UK
1950: Incorporated with BOC as majority
shareholder
1952: Sui Discovery
1997: GoP purchased entire equity of BOC
2004: 15% of share capital offloaded through
IPO
2009: GoP distributed 12% of its equity in PPL
to employees
Public limited listed company
Three-fold expansion in portfolio
Business operations across Pakistan and
abroad
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3
BRANCH OFFICE
BAGHDAD, IRAQ
EXPLORATORY
Yemen (2)*
EXPLORATORY
Pakistan (3)
PRODUCING
Pakistan (1)EXPLORATORY
Pakistan (45)(incl. 3 offshore)
PRODUCING
Pakistan (19)
*Block-29 assignment of working interest in progress.
Mining Lease
Barytes (1)
Mining LeaseIron Ore (1)
Mining License
Iron Ore (2)
Exploration License
Baryte, Lead , Zinc (1)
BRANCH OFFICE
ISLAMABAD, PAKISTAN
Wholly-owned Subsidiary Of PPL
Registered In United Kingdom Wholly-owned Subsidiary of PPL Registered
in Netherlands
Joint Venture With
Government Of Balochistan (50%)
EXPLORATORY
Iraq (1)
HEAD OFFICE
KARACHI, PAKISTAN
Corporate Structure
Total Staff Strength: 2,700
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4
Production & Reserves
Remaining 2P Reserves (as at 30 June 2013) - PPLs share
Gas (Tcf) 4.695
Oil / Gas/ Condensate (MMBBL) 78
LPG (M Tonnes) 527Total MMBOE 930
Daily Average Production (July 2012June 2013)- PPLs share
Gas MMcf 908
Oil/Gas/ Condensate BBL 10,099LPG Tonnes 47
Total BOE 174,128
Discoveries Success Ratio 1:2.6
Gas Fields 23Oil/ Gas / Condensate Fields 11
Oil Fields 1
Total 35
Wells Drilled
Exploratory 91
Development / Appraisal 274
Total 365
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Current Asset Portfolio5
SSET SUMM RY
Exploration ProducingTotal
Pakistan International Pakistan
45 3 19 67
(incl. 3 offshore)
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6
International Portfolio
International Assets:
Block-29 in Yemen (43.75%)2009
Block-8 in Iraq (100%)2012
Block-3 in Yemen (20%)2013
International Subsidiaries:
PPL Europe E&P Limited
PPL Asia E&P B.V.
Efforts for International Joint Venture
Exploration & buying Undeveloped /Developed reserves
Different countries of North / East Africa,
the Middle East, and the Central Asian states
are being evaluated by PPL
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7
Planned Exploration & Drilling Activities7
0
1000
2000
3000
4000
5000
6000
7000
2013-14 2014-15 2015-16 2016-17 2017-18
LineKms
2D Seismic
International Areas
POp Areas - Local
Op Areas - Local
0
500
1000
1500
2000
2500
3000
3500
4000
2013-14 2014-15 2015-16 2016-17 2017-18
SqKms
3D Seismic InternationalPOp Areas - Local
PPL Operated Local
0
5
10
15
20
25
30
35
40
Exploratory Development Workover Exploratory Development Workover Exploratory Development Workover Exploratory Development Workover Exploratory Development Workover
2013-14 2014-15 2015-16 2016-17 2017-18
No.ofWells
Exploratory, Development and Workover WellsInternational
POp Areas - Local
Op Areas - Local
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Projected Growth in 5 Years8
1,554
919
553
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%100% Organic Growth
Int'l Growth
Unconventional Growth
Conventional Growth
Replenishment of around 3.23 tcf of gas and gas
equivalent reserves
Achieve an average growth of around 16% over the
Plan period
New discoveries and acquired reserves to contribute
26% of Companys total production
922
3 3654
108
138
850
900
950
1000
1050
1100
2013-14 2014-15 2015-16 2016-17 2017-18
MMscfd
Gas Production*
New Gas
10,214
11 1,654
6,181
10,083
5000
7000
9000
11000
13000
15000
17000
19000
21000
23000
2013-14 2014-15 2015-16 2016-17 2017-18
Bopd
Oil Production*
New Oil
* - Additional production over fixed based year
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Recent Development
Four recent discoveries
Partner Operated - Sukhpur (Eni)
Operated2 discoveries in Gambat South (PPL)
Operated - Hala (PPL)
First tight gas discovery
Partner Operated - Production commenced from Kirthar Block (POGC)
Prospectivity Study of Offshore Area with a UK based company
Shale Gas Study Jointly being conducted by Eni and PPL
Core study conducted in Hala Block to evaluate shale gas potential
Low BTU Reservoir (HRL) development at Sui Gas Field
9
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Key Performance Indicators10
KEY PERFOMANCE INDICATORS UOM 2012-13
Executive to Staff Ratio 0.36
Reserves (2P) per Employee BOE 344,387
Sales (net) per Employee USD* in 000 382
Profit after Taxation per Employee USD* in 000 157
BOE produced per Employee BOE 23,548
June 2013 rate of 1USD = 99.2 PKR
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130%
90%
120% 115%105%
20%
20%
10%
25%
20%
0%
20%
40%
60%
80%
100%
120%
140%
160%
2008-09 2009-10 2010-11 2011-12 2012-13
Shareholder's Payout
Cash Dividend %age Bonus Share %age
11
Financial Performance11
* As at 30 June 2013
621 604
789
9701,032
-
200
400
600
800
1,000
1,200
2008-09 2009-10 2010-11 2011-12 2012-13
USD
Million
Net Turnover
279
235
317
413 423
-
50
100
150
200
250
300
350
400
450
500
2008-09 2009-10 2010-11 2011-12 2012-13
USDM
illion
Profit after Tax
Market
Capitalization*
PKR 347.6 billion
USD 3,504 million
June 2013 rate of 1USD = 99.2 PKR 0
2
4
6
8
10
12
2008-09 2009-10 2010-11 2011-12 2012-13
5.3 5.3
8.5
11.1 10.8
USDMillion
CSR Expenditure (US$ Million)
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Potential investment opportunitiesExploration and development of shale gas / oil in PPL-held block
12
According to USA EIA June 2013 publication,
technically recoverable Shale Gas and crude oil
reserves are 105 Tcf and 9 Bbls, respectively
Regional study by PPL / Eni identified areas with
good Shale Gas potential. Lab analyses of shalecores from exploratory wells underway
PPL has several acreages, where initial findings
indicate good Shale Gas potential
These blocksKotri, Kotri North, Gambat South,
Hala etc. are situated in Pakistans Lower and
Middle Indus basins
PPL would welcome joint venture with experiencedE&P companies for exploitation of Shale Gas / oil
potential in Pakistan along with transfer of
technology
Unearthing shale resource prospects Shale Gas Play Fairway
Potential Shale Gas sweet spot
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Potential investment opportunitiesProspectivity/development of conventional resource playJV partnership
13
Joint Venture for Exploration in Offshore Pakistan
Exploring /exploiting conventional petroleum play Offshore Pakistan remains severely under explored
total 17 wells drilled and most did not reach the target
reservoirs
Offshore Pakistan divided into twoIndus Basin and
Makran Basin
Indus Basin constitutes the second largest delta / fansystem in the world and estimated to hold 800 MMBbl
oil and 5 Tcf gas
Working Petroleum System established in Indus Offshore
with gas flow at exploration well PakCan-1 (1986)
PPL and Orion Energy, UK will carry out a regional
study to re-evaluate the whole of Pakistan Offshore
Large portions of Indus Offshore and the whole of
Makran Offshore open for exploration
PPL would welcome JV with experienced companies to
properly explore the Offshore Pakistan
Satellite imagery of Pakistan Offshore
Joint Venture for Exploration in Onshore Pakistan
Exploring /exploiting conventional petroleum play PPL holds a number of onshore concessions and would
consider swap of working interest from existing exploration
portfolio in return for similar mature opportunitiesinternationally.
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Potential investment opportunitiesTechnology patterning and drill venturing
14
Presently, PPL outsources drilling activities
However, with multiple exploration prospects in
horizon, Company intends to acquire own rig for its
newly formed drilling armPPL E&P services
Company will also train drilling staff fordeployment in ready to drill prospects and shale
plays of Lower Indus Basin, Pakistan
Tentative plans call for importing roughly 70% of
rig equipment from E.U./U.S. companies, while
approx 30% components are to be fabricated
domestically in collaboration with Karachi Ship
Yard & Engineering Works Ltd.
PPL keen to invite potential investors for equity
participation in drilling venture
Opportunities in drilling venture Opportunities in Upstream technology center
To enable and promote domestic R&D concepts,
encompassing scientific study of both conventional
and unconventional hydrocarbons, PPL has
commissioned the creation of Upstream
Technology Center under the umbrella of PPLAsia E&P B.V.subsidiary of PPL registered in
the Netherlands
A central area where future R&D efforts will
focus includes extensive studies of shale gas and
oil deposits in indigenous basins and horizon
Robust evaluation of Pakistans offshore basins
through satellite imageries, seismic data andother G&G studies is also planned
IoCs / Majors are invited to be part of this
strategic venture, by sharing tech. / operational
knowhow and contributing equity to realise this
project
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