PETROLEUM EXPLORATION PVT. LTD.

Company Type: Upstream Oil and Gas Company (Exploration & Production)

Introduction:

Petroleum Exploration (Pvt) Ltd. (PEL) is a leading Pakistani company operating in the upstream oil and gas sector. Established in 1989, it was among the initial private sector companies granted petroleum concessions in Pakistan. PEL is dedicated to contributing to Pakistan's energy security by engaging in the full lifecycle of hydrocarbon assets, from initial exploration to production.

Core Business Activities:

Hydrocarbon Exploration: Identifying, evaluating, and appraising potential oil and gas reserves.

Drilling Operations: Executing drilling programs for both exploratory and development wells.

Field Development: Designing and implementing infrastructure for the efficient production of discovered reserves.

Oil and Gas Production: Extracting crude oil and natural gas from established fields.

Joint Ventures: Collaborating with other local and international oil and gas companies in various blocks and fields.

Nature of Business (Factory vs. Trader):

Petroleum Exploration (Pvt) Ltd. is neither a factory nor primarily a trader. It is an exploration and production (E&P) company. E&P companies are involved in the specialized and capital-intensive process of finding, developing, and extracting raw petroleum resources (crude oil and natural gas) from beneath the earth's surface. They operate oil and gas fields, wellheads, and associated processing facilities that prepare the raw hydrocarbons for transport to refineries or gas processing plants. Their role is to supply the raw materials to the downstream energy sector.

Headquarters: Karachi, Pakistan

PETROLEUM EXPLORATION PVT. LTD. (Pakistan) produces or sells:

* Crude Oil

* Natural Gas

* Liquefied Petroleum Gas (LPG)

* Condensate