PETROLEUM EXPLORATION PVT. LTD.

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

Introduction:

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

Hydrocarbon Exploration: Identifying, evaluating, and appraising possible oil and gaseous reserves. Drilling Operations: Executing drilling programs to both exploratory and research wells. Based on my observations, Field research: Designing and implementing infrastructure to the efficient production of discovered reserves. Oil and gaseous Production: Extracting crude oil and natural gaseous from established fields. But Joint Ventures: Collaborating with other regional and international oil and gaseous companies in various blocks and fields. And In my experience, environment of Business (Factory vs. And Trader):

Petroleum Exploration (Pvt) Ltd. is neither a factory nor primarily a trader. it's 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 gaseous) from beneath the earth'surface. They operate oil and gaseous fields, wellheads, and associated processing facilities that prepare the raw hydrocarbons to transport to refineries or gaseous processing vegetation. Their role is to supply the raw materials to the downstream energy sector. Specifically Headquarters: Karachi, Pakistan.

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

* Crude Oil

* Natural Gas

* Liquefied Petroleum Gas (LPG)

* Condensate