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POL

Pakistan Oilfields Limited

POL · Oil & Gas Exploration Companies · Group accounts

Share price
Rs 667.04
30 Oct 2026, 4:43 PM PKT
Latest accounts
Sep 2026
Q1 report

Operating performance

Figures from the reports' own text. Only like-for-like series are charted: levels across every report, volumes across full years.

Oil production per day (bbl/d)

3,941 bbl/d in First-quarter report FY27.

bbl/d · as stated in each report

Gas production (million cubic feet)

21,011 MMCF in Annual report FY26.

MMCF · full-year totals

Average solvent oil production per day, nine months ended Mar 31 2026

46 bpd in Nine-month report FY26.

bpd · as stated in each report

Average LPG production per day, nine months ended Mar 31 2026

131.57 MTD in Nine-month report FY26.

MTD · as stated in each report

Other reported figures (164) — not charted because they are not like-for-like
FigureLatestPeriodWhy not chartedSource
Adhi-31 side track test gas rate2.7 mmcf/dJun 2025Fewer than three comparable periods
Adhi-31 side track test oil rate103 bbl/dJun 2025Fewer than three comparable periods
Adhi-32 side track test oil rate160 bbl/dJun 2025Fewer than three comparable periods
Gas production per day tested at Adhi South-5 (sidetrack)0.22 mmcf/dJun 2023Fewer than three comparable periods
Oil production per day tested at Adhi South-5 (sidetrack)216 bbl/dJun 2023Fewer than three comparable periods
Gas production per day from Adhi South-70.7 mmcf/dJun 2023Fewer than three comparable periods
Oil production per day from Adhi South-7404 bbl/dJun 2023Fewer than three comparable periods
Adhi South-05 current oil production200 bbl/dJun 2024Fewer than three comparable periods
Adhi South-7 current condensate production400 bbl/dMar 2023Fewer than three comparable periods
Adhi South-7 current gas production0.6 mmcf/dMar 2023Fewer than three comparable periods
Adhi South-7 current gas production0.53 mmcf/dDec 2022Fewer than three comparable periods
Adhi South-7 initial test oil rate500 bbl/dMar 2023Fewer than three comparable periods
Adhi South-7 current oil production450 bbl/dDec 2022Fewer than three comparable periods
Adhi South-8 initial gas production rate0.45 mmcf/dJun 2024Fewer than three comparable periods
Adhi South-8 initial production rate475 bbl/dJun 2024Fewer than three comparable periods
Adhi South-9 gas production rate1.4 mmcf/dJun 2025Fewer than three comparable periods
Adhi South-9 gas production0.67 million cubic feet per dayDec 2024Fewer than three comparable periods
Adhi South-9 oil production rate623 bbl/dJun 2025Fewer than three comparable periods
Adhi South-9 oil production590 barrels per dayDec 2024Fewer than three comparable periods
Balkassar Deep-1 well cost expensed as exploration (unsuccessful)7,685 Rs millionJun 2025Fewer than three full-year figures
Balkassar Deep-1A current drilling depth13,945 ftDec 2023Unit not recognised
Basic and diluted EPS28.86 RsSept 2026Fewer than three full-year figures
Drilling depth reached, Billitang-01 well6,300 ftSept 2025Unit not recognised
LPG received by CAPGAS per day22 MT/dJun 2023Fewer than three comparable periods
Capital work in progress (total)1,072,638 Rs '000Jun 2024Fewer than three full-year figures
Cash provided from operating activities32,443 Rs millionJun 2024Fewer than three full-year figures
Consolidated EPS30.1 RsSept 2026Fewer than three full-year figures
Consolidated profit after tax4,732 Rs millionSept 2021Fewer than three full-year figures
Consolidated profit after tax (six months)12,031 Rs millionDec 2021Fewer than three full-year figures
Contribution to national exchequer (royalty and levies)16,864 Rs millionJun 2021Fewer than three full-year figures
Net sales from crude oil33,564 PKR millionJun 2023Fewer than three full-year figures
Crude oil sales nine months23,153,961 Rs '000Mar 2025Fewer than three full-year figures
Crude oil pumped to Attock Refinery via KCDF and pipelines (2024)9 million barrelsJun 2024Fewer than three full-year figures
Crude oil pumped to Attock Refinery (million barrels)8.9 million barrelsJun 2026Fewer than three full-year figures
Crude oil pumped via Khaur Crude Oil Decanting Facility7.3 million barrelsJun 2021Fewer than three full-year figures
Crude oil net sales revenue29,340 Rs millionJun 2025Fewer than three full-year figures
Crude sales volume (million barrels)1.62 million barrelsJun 2025Fewer than three full-year figures
Crude sold (barrels)1,551,479 barrelsJun 2026Fewer than three full-year figures
Crude sales volume (million barrels, annual)1.55 million barrelsJun 2026Fewer than three full-year figures
Crude oil pumped to Attock Refinery via KCDF and pipelines8.6 million barrelsJun 2022Fewer than three full-year figures
Crude transported via POL pipelines to Attock Refinery (million barrels)8.2 million barrelsJun 2025Fewer than three full-year figures
Dry and abandoned wells and irrecoverable cost charged5,024.6 PKR millionJun 2023Fewer than three full-year figures
Provision for decommissioning costs at Mar 31 202626,506,851 Rs '000Mar 2026Fewer than three full-year figures
Development and decommissioning costs (carrying value)13,673 Rs millionJun 2021Fewer than three full-year figures
DGK-1 exploratory well depth drilled15,206 ftMar 2023Unit not recognised
Total cash dividend per share for 2023-2495 Rs per shareJun 2024Fewer than three comparable periods
Dry and abandoned wells cost charged to P&L, six months7,687,364 Rs '000Dec 2024Fewer than three full-year figures
Dry well cost charged in exploration costs, Q1 FY260 Rs millionSept 2025Fewer than three full-year figures
Dry and abandoned well costs charged to exploration costs, nine months ended Mar 31 20260 Rs '000Mar 2026Fewer than three full-year figures
Dry wells drilled (cost charged)2 wellsJun 2023Fewer than three full-year figures
HSE trainings conducted2,286 trainingsJun 2023Unit not recognised
Basic and diluted earnings per share (six months)38.48 RsDec 2021Fewer than three full-year figures
Average exchange parity for the year279.78 Rs per US$Jun 2025Fewer than three comparable periods
Exploration cost6,720 PKR millionJun 2023Fewer than three full-year figures
Exploration and evaluation assets (carrying value)512 Rs millionJun 2021Fewer than three full-year figures
Exploratory wells drilled in the year2 wellsJun 2024Fewer than three full-year figures
Foreign exchange savings420 USD millionJun 2023Fewer than three full-year figures
Foreign exchange savings344 US$ millionJun 2021Fewer than three full-year figures
Foreign exchange saved for the country423 US$ millionJun 2024Fewer than three full-year figures
Bilitang-01 gas flow, Hungu and Lumshiwal tests1.77 million cubic feet per dayDec 2025Fewer than three comparable periods

Projects

107 projects, wells and blocks, most recently mentioned first. Stages are as reported; durations between reports are not project timelines.

  • Pindori leaseDrillingLast reported Sept 2026 · 17 mentions

    Operated by POL with 35% share; sidetrack operations on Pindori-09 well underway with multiple sidetracks

    View history
    1. Reported in Sept 2026 · Drilling Operated by POL with 35% share; sidetrack operations on Pindori-09 well underway with multiple sidetracks
    2. Reported in Jun 2026 · Other / unclear Operated by POL (35% share)
    3. Reported in Mar 2026 · Other / unclear
    4. Reported in Dec 2025 · Other / unclear Operated by POL with 35% share
    5. Reported in Sept 2025 · Other / unclear
    6. Reported in Jun 2025 · Exploration Operated by POL with 35% share; 3D seismic data processing in progress to evaluate Chorgali formation prospectivity and un-drained oil
    7. Reported in Mar 2025 · Exploration Operated by POL with 35% share; 3D seismic data processing to evaluate Chorgali formation prospectivity and un-drained oil
    8. Reported in Sept 2024 · Exploration 3D seismic data processing is in progress to evaluate the prospectivity of Chorgali formation and the possibility to produce un-drained oil.
    9. Reported in Jun 2024 · Exploration · 60 sq km 3D seismic acquisition of 60 square kilometres completed; data processing in progress to evaluate Chorgali formation prospectivity and un-drained oil.
    10. Reported in Mar 2024 · Other / unclear
    11. Reported in Dec 2023 · Completed · 60 sq km 3D seismic acquisition of 60 square kilometers completed; data processing in progress to evaluate prospectivity of Chorgali formation and the possibility to produce un-drained oil. Operated by POL with 35% share.
    12. Reported in Sept 2023 · Completed · 60 sq km 3D seismic acquisition project of 60 square kilometers completed; data processing in progress to evaluate possibility of producing un-drained oil. Operated by POL with 35% share.
    13. Reported in Jun 2023 · Completed · 60 sq km 3D seismic acquisition project of 60 square kilometers completed (POL operator, 35% share); data processing in progress to evaluate prospectivity of Chorgali formation and possibility to produce un-drained oil.
    14. Reported in Dec 2022 · Under construction · 60 sq km 3D seismic acquisition of 60 square km to evaluate Chorgali formation prospectivity and possibility to produce un-drained oil; operated by POL with 35% share
    15. Reported in Sept 2022 · Planning 3D seismic acquisition to evaluate prospectivity of Chorgali formation and possibility to produce un-drained oil; operated by POL with 35% share
    16. Reported in Mar 2022 · Exploration Pindori lease (operated by POL, 35% share): evaluation of prospectivity of Chorgali formation will be matured after integration of on-going 3D seismic data re-processing.
    17. Reported in Dec 2021 · Exploration Pindori lease (operated by POL, 35% share): evaluation of prospectivity of Chorgali formation to be matured after integration of on-going 3D seismic data re-processing.
  • North Dhurnal blockExplorationLast reported Sept 2026 · 17 mentions

    Operated by POL with 58.46% share; 260.87 sq km 3D seismic; pre-stack depth migration processing in progress, interpretation underway

    View history
    1. Reported in Sept 2026 · Exploration Operated by POL with 58.46% share; 260.87 sq km 3D seismic; pre-stack depth migration processing in progress, interpretation underway
    2. Reported in Jun 2026 · Exploration Operated by POL (58.4615% share); 260.87 sq km 3D seismic completed, fast-track processing
    3. Reported in Mar 2026 · Exploration
    4. Reported in Dec 2025 · Exploration Operated by POL with 58.46% share; 260.87 sq km 3D seismic acquisition completed covering multiple leads; data processing in progress
    5. Reported in Sept 2025 · Other / unclear
    6. Reported in Jun 2025 · Exploration Operated by POL with 58.46% share; 3D seismic data acquisition completed
    7. Reported in Mar 2025 · Exploration Operated by POL with 60% share; 3D seismic acquisition in progress, 266.3 of 285.3 sq km acquired
    8. Reported in Sept 2024 · Exploration · 285.3 sq km 3D seismic data acquisition work has been started to acquire 285.3 square kilometres.
    9. Reported in Jun 2024 · Planning · 285.3 sq km Design study completed to acquire 285.3 square kilometres of 3D seismic data; bidding process for data acquisition under evaluation.
    10. Reported in Mar 2024 · Other / unclear
    11. Reported in Dec 2023 · Planning · 285.3 sq km Design study completed to acquire 285.3 square kilometers 3D seismic data; bidding process for data acquisition is under evaluation. Operated by POL with 60% share.
    12. Reported in Sept 2023 · Planning · 285.3 sq km Design study completed to acquire 285.3 square kilometers 3D seismic data; bidding process in progress. Operated by POL with 60% share.
    13. Reported in Jun 2023 · Planning · 285.3 sq km Design study completed to acquire 285.3 square kilometers 3D seismic data; bidding process for data acquisition in process (POL operator, 60% share).
    14. Reported in Dec 2022 · Exploration Seismic acquisition design for 3D seismic data in progress; operated by POL with 60% share
    15. Reported in Sept 2022 · Exploration Seismic acquisition design for 3D seismic data in progress; operated by POL with 60% share
    16. Reported in Mar 2022 · Exploration Operated by POL with 60% share; block awarded on October 13, 2021 and a technical workshop was held to conduct a seismic data review session.
    17. Reported in Dec 2021 · Exploration Operated by POL with 60% share; block awarded on October 13, 2021 and a technical workshop held to conduct a seismic data review session.
  • Hisal blockPlanningLast reported Sept 2026 · 17 mentions

    Operated by PPL, POL 25%; based on processing of 235 sq km 3D seismic, drilling of Misrial X-2 well principally agreed

    View history
    1. Reported in Sept 2026 · Planning Operated by PPL, POL 25%; based on processing of 235 sq km 3D seismic, drilling of Misrial X-2 well principally agreed
    2. Reported in Jun 2026 · Exploration Operated by PPL, POL 25%; 235 sq km 3D seismic processed; 3D MEM study in progress
    3. Reported in Mar 2026 · Exploration
    4. Reported in Dec 2025 · Exploration Operated by PPL where POL has 25% share; 235 sq km 3D seismic processed and fracture identification study completed; interpretation in progress
    5. Reported in Sept 2025 · Other / unclear
    6. Reported in Jun 2025 · Exploration Operated by PPL, POL 25% share; 3D seismic acquisition of 235 sq km completed; data processing for fracture identification study in progress
    7. Reported in Mar 2025 · Exploration Operated by PPL, POL 25% share; 3D seismic acquisition of 235 sq km completed; fracture identification study in progress
    8. Reported in Sept 2024 · Exploration · 235 sq km 3D seismic acquisition of 235 square kilometres has been completed; data processing to carry out the fracture identification study is in progress.
    9. Reported in Jun 2024 · Exploration · 235 sq km 3D seismic acquisition of 235 square kilometres completed; data processing for fracture identification study in progress.
    10. Reported in Mar 2024 · Other / unclear
    11. Reported in Dec 2023 · Completed · 235 sq km 3D seismic acquisition of 235 square kilometers completed; data processing to carry out fracture identification study is in progress. Operated by PPL, POL 25% share.
    12. Reported in Sept 2023 · Completed · 235 sq km 3D seismic data acquisition of 235 square kilometers completed; processing to carry out fracture identification study in progress. Operated by PPL, POL 25% share.
    13. Reported in Jun 2023 · Completed · 235 sq km 3D seismic data acquisition of 235 square kilometers completed (PPL operator, POL 25% share); processing for fracture identification study in progress.
    14. Reported in Dec 2022 · Under construction · 250 sq km Contract for 250 sq km 3D seismic awarded; acquisition in progress; operated by PPL, POL 25% share
    15. Reported in Sept 2022 · Under construction · 250 sq km Contract for 250 sq km 3D seismic awarded; acquisition in progress; operated by PPL, POL 25% share
    16. Reported in Mar 2022 · Planning Hisal block (operated by PPL, POL 25% share): bidding process to acquire 3D seismic data acquisition is in progress.
    17. Reported in Dec 2021 · Planning Hisal block (operated by PPL, POL 25% share): planning to acquire 3D seismic data acquisition is in progress.
  • Tal blockExplorationLast reported Sept 2026 · 16 mentions

    Operated by MOL; POL pre-commerciality share 25%

    View history
    1. Reported in Sept 2026 · Exploration Operated by MOL; POL pre-commerciality share 25%
    2. Reported in Jun 2026 · Exploration Operated by MOL; POL pre-commerciality share 25%
    3. Reported in Mar 2026 · Exploration
    4. Reported in Dec 2025 · Exploration Operated by MOL where POL has pre-commerciality share of 25%
    5. Reported in Sept 2025 · Other / unclear
    6. Reported in Sept 2025 · Other / unclear
    7. Reported in Jun 2025 · Under construction · Rs 1,544,217 thousand Share in joint operations operated by MOL Pakistan Oil and Gas Company B.V.; capital work in progress at June 30, 2025
    8. Reported in Jun 2025 · Exploration Tal block; seismic interpretation on these leads in progress
    9. Reported in Mar 2025 · Exploration Seismic interpretation in progress (Tal block)
    10. Reported in Sept 2024 · Exploration 3D seismic data interpretation of Makori, Makori Deep, Billitang and Kot South has been completed while interpretation on Kahi North, Sarozai, Sarozai Deep, Manzalai South and Manzalai Deep leads is in progress.
    11. Reported in Jun 2024 · Exploration 3D seismic interpretation completed for Makori, Makori Deep, Billitang and Kot South; interpretation in progress on Kahi North, Sarozai, Sarozai Deep, Manzalai South and Manzalai Deep leads.
    12. Reported in Mar 2024 · Other / unclear
    13. Reported in Dec 2023 · Exploration 3D seismic data interpretation of Makori, Makori Deep, Billitang and Kot South completed; interpretation on Kahi North, Sarozai, Sarozai Deep, Manzalai South and Manzalai Deep leads in progress. Operated by MOL, POL 25% pre-commerciality share.
    14. Reported in Sept 2023 · Exploration Delineation of suitable drilling prospects in progress at Tal block.
    15. Reported in Sept 2023 · Exploration 3D seismic interpretation of Billitang and Kot South completed; interpretation of Kahi North, Sarozai, Sarozai Deep, Manzalai South and Manzalai Deep leads in progress. Operated by MOL, POL 25% pre-commerciality share.
    16. Reported in Dec 2022 · Completed Seismic data interpretation completed; Sarozai & Sarozai Deep interpretation in progress at top of Lockhart; Tal East interpretation in progress to mature Kot South prospect; Tal block

Risks

Highlighted by management in the latest report. Severity is a model assessment, not a probability.

  • Contingent gas price incentive receivable and related sales tax (Rs 36,598 million and Rs 5,820 million) held under trade and other payables pending resolution

    Model severitymedium· legal· mentioned since Sept 2022

  • Pending Constitutional Petition at Islamabad High Court challenging Windfall Levy on Oil/Condensate; matter adjourned to October 30, 2026; additional revenue of Rs 40,409 million not recognised pending resolution

    Model severitymedium· legal· mentioned since Dec 2021

  • Impairment against investment in National Refinery Limited (Rs 2,892 million in consolidated accounts); recoverable amount estimated via value in use

    Model severitymedium· other· mentioned since Sept 2022

  • Customer concentration: two major customers constitute 68% of total revenue (66% consolidated)

    Model severitymedium· credit· mentioned since Dec 2021

Not mentioned in the latest report (17)

Absence from a later report does not mean the risk was resolved.

  • Super Tax constitutional challenges under Sections 4B and 4C pending detailed FCC judgment; provision of Rs 7,919 million maintained and impact cannot currently be determined. (last mentioned Jun 2026)
  • Gas curtailment due to enhanced pipeline pressures and utility curtailment reducing gas sales volumes and revenue. (last mentioned Jun 2026)
  • Changes in economic conditions, inflation, interest and exchange rates, political uncertainty and regional security conditions. (last mentioned Jun 2026)
  • Oil and gas prices linked to international USD prices and exchange rates; liquidity constraints in energy sector may delay receivables. (last mentioned Jun 2026)
  • Exploration activities inherently uncertain and may not result in commercially recoverable hydrocarbons; mature field production may decline. (last mentioned Jun 2026)
  • Drilling and production operations involve well-control incidents, equipment failure, fire, spills and security conditions affecting operations. (last mentioned Jun 2026)
  • Joint venture dependence, delays in approvals, procurement delays, cost escalation and rig availability may affect project schedules and costs. (last mentioned Jun 2026)
  • Changes in regulation, fiscal terms or government policy could result in penalties, project delays or costs. (last mentioned Jun 2026)
  • Multanai gravity and magnetic survey on hold due to security concerns. (last mentioned Jun 2026)
  • Environmental, climate and sustainability risks including emissions, flaring and water management. (last mentioned Jun 2026)
  • Cyberattacks, system failures and data loss affecting operations and compliance. (last mentioned Jun 2026)
  • Absence of exchange gains and insurance claim income recognized in prior period affected current-period comparison; insurance claim decreased by Rs 1,432 million. (last mentioned Jun 2026)
  • Loss of critical employees and skills shortages may affect operational performance. (last mentioned Jun 2026)
  • Lower prevailing interest rates reduced interest and dividend income. (last mentioned Jun 2026)
  • Constitutional petition in Sindh High Court challenging Companies Act and CCG provisions on board composition and chairman/CEO separation. (last mentioned Jun 2026)
  • Contingent liability: Islamabad High Court case on CAPGAS sales tax input adjustment of Rs 5,644 thousand pending at Supreme Court. (last mentioned Jun 2026)
  • SECP circular debt ECL exemption under IFRS 9 applies to financial assets due from GoP; management assessed no material impact. (last mentioned Jun 2026)

Management view

What management expects, from the Q1 report for Sept 2026

  • Planning for acquiring 3D seismic data in Jherruck block is in progress. (neutral tone)
  • Production from Bilitang-01 well is expected to commence this year (Tal block). (positive tone)
  • Acquisition of 383 square kilometers 3D seismic over Kot West area in Tal block is expected to commence in November 2026. (neutral tone)
  • Way forward for further drilling of Ratana-6 well is currently under evaluation after rig release. (neutral tone)

▲ positive · ■ neutral · ▼ negative tone, as assessed by the model.

Read from POL's reports; nothing here is a forecast by this dashboard.