Pakistan Oilfields Limited (POL) Production

Pakistan Oilfields Limited (POL) Production

POL showed decline in both oil and gas production. Oil production showed doubledigit decline of 12.5% to 5,287bpd in 10mths’08 as against 6,039bpd in 10mths’07. Beside Pindori field, which showed continued problems from last six month and oil production from the field declined 40.9% during the period under review, Uchri and Pariwali fields also showed a negative growth of 14.2% and 0.8% respectively. These three fields contributed 65.5% of the total oil production of the company. Gas production stood at 45mmcfd in the said period as compared to 47mmcfd in the parallel period of last year, showing a fall of 4.0%.