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GROUP ACTIVITIES
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With the Groups sound financial position, its companies are in business independently, as well as in collaboration with foreign partners, since 1980 The Shahzad Group, comprises nine (7) companies.
The Group is pursuing a policy of forging strategic alliances with reputable foreign companies The Group has been instrumental in bringing a number of multinational companies to Pakistan resulting in substantial profitable investment that led to remarkable discoveries of Oil & Gas
Activities cover a wide spectrum, including oil & gas exploration & production both onshore and offshore; power generation and transmission; mineral exploration & development including gold, copper, coal and other minerals; oil & gas field services, supply of oil & gas equipment and materials, process equipment; information technology; security; telecommunication; production of documents and trading As a local partner, Shahzad Group is providing support to foreign companies in Pakistan
RECOGNITION OF SERVICES
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The Groups founder Chairman and Chief Executive Mr. Zaheeruddin has been bestowed a prestigious civil award, Tamgha-e-Imtiaz by the President of Pakistan, in recognition of his outstanding services to the Oil, Gas and Power Sectors.
Gas 47.70%
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Need to invest NOW
Imported Oil 27.00% Hydro Electricity 11.80%
Million TOEs
80 60 40 20
Imports Import bill $ 50 Billion
Coal 6.70%
Nuclear 1.30%
2007- 2008- 2009- 2010- 2011- 2012- 2013- 2015- 2015- 2016- 2017- 2018- 2019- 2020- 202108 09 10 11 12 13 14 15 16 17 18 19 20 21 22
Local Supply
Pakistan leads South Asia in petroleum reforms Forward looking & dynamic policies to promote private investment The petroleum sector is competitive, efficiently run, profitable and has a ready oil & gas market Pakistan has a hungry market for oil & gas Pakistans geology has proven and excellent prospects to discover new oil & gas reserves
Present Situation
Energy needs are met by local production and imports Gas contribution in the energy mix is around 50 % Annual energy growth is around 5.25% Daily oil production is 70,981 Barrels Daily gas production is 4.2 BCF Daily oil import is around one third of a million barrel Pakistan has a model energy mix from environmental point of view
Country wide gas infrastructure and ready market for new discoveries
Exploratory Wells
810 (First well in 1866)
Development Wells
1112
Sedimentary Area
827,268 km
Exploration Licenses
132
Leases
133
Discoveries: 241
Oil 59 Gas/Condensate 193
Operators
Seventeen Foreign and Eleven Local Companies
SENIOR MANAGEMENT
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Dr. Mahmood-Ul-Hassan
SGM Exploration
Edwin G Bowles
SGM (London Office)
SENIOR MANAGEMENT
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Mr.Shahid-Ul-Khairi
GM Exploration
Mr. M. Maroof
GM Geophysics
TECHNICAL TEAM
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Chaudhry Nazir Ahmed Mr. Amjad Waheed Qureshi Miss Farah Shafique Manager Geophysics Manager Geology Sr. Geophysicist
Faisal Sheikh
Sr. Geophysicist
GROWTH
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Established
PEL was established in 1994, by Mr. Zaheeruddin, who is the founding Chairman and Chief Executive
Growth
In less than 18 years, PEL has grown into a highly reputable and successful E&P company
Present Status
It has the largest exploration acreage among indigenous private sector companies and is operating within the country and abroad PEL has the distinction of being the first private petroleum company of Pakistan going abroad for exploration and development of oil & gas in the Kingdom of Morocco, as an Operator
GROWTH
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Currently operates nine onshore and one offshore exploration license, five D&P/Mining leases and one non-operated block in Pakistan Operating three onshore permits in the Kingdom of Morocco, as one of the pioneer Pakistani company to enter the region, in partnership with ONHYM (the Moroccan National Petroleum Company)
Recently production has commenced from Koonj gas discovery in Sukkur Block operated by Mari Gas Company. PEL has 41.2% working interest in this Block The company along with its joint-venture partners has invested over US$ 200 Million in the past and plans to invest over US $ 300 Million on exploration and production during the next two years
Pakistan Petroleum Limited, Pakistan SHERRITT International Oil & Gas Limited, Canada
The range and diversity of Companys reputable Joint Venture Partners reflects their confidence in the ability and competence in PEL as an Operator on their behalf
To effectively participate in petroleum exploration and production by spreading the risk and sharing the reward and enhancing knowledge base through alliances and joint ventures with key E&P companies nationally and internationally To develop a sound professional base with cutting edge technology and knowledge to emerge as a global E&P player To maximize returns to all the joint venture partners and contribute to economy of the country To protect and preserve environment in all its operations To enhance reserve base and production level through diligent exploration, acquisition and rapid development of available resources To look for joint ventures/mergers/acquisitions and strategic alliances/networking with other E&P companies
Offshore Indus J
WIOs
PEL (Operator) 35 % FHL 35 %, GPX 25%, GHPL 5 % (Carried) PEL (Operator) 37.5%, FHL 37.5%, GPX 25% PEL 100 % PEL (Operator) 47.5% , FHL 27.5%, GPX 25% PEL (Operator) 47.5%, FHL 27.5%, GPX 25% PEL (Operator) 67%, BP 33% (under assignment to PEL ) PEL (Operator) 40%, OGIL 60% PEL 100 % PEL 100 % PEL 100 %
Area (km)
1,030.68 200.22 2,425.96 1,246.03 1,265.33 2,436.30 357.19 199.26 2,493.13 2,485.14
Work commitment:
175 TCF
Work completed:
Seismic acquired: 253 lkm 2D Seismic purchased: 2060 lkm 2D Seismic processed/reprocessed: 1716 lkm 2D Well data purchased: 2 wells Leads/prospects mapped: 5 Exploratory wells drilled: 1 Reservoir evaluation through seismic inversion interpretation Remaining Work Commitment: 150 line km 2D seismic
Work in progress:
Stratigraphic play interpretation Structural/stratigraphic/reservoir play modeling G & G in progress
Kandra 2.86TCF
SALAM BLOCK
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Work Commitment:
Work completed:
175 TCF
30 lkm 2D seismic and 1 exploratory well Seismic acquired: 134 lkm 2D Seismic data purchased: 520 lkm 2D Seismic data processed/reprocessed: 654 lkm 2D Well data purchased: 3 Leads/prospects mapped: 2 Reservoir evaluation through seismic inversion interpretation
Work in progress:
In house G & G studies Structural/stratigraphic/reservoir play modeling Preparations to drill an exploratory well
SINDH
Badin IV North KARACHI Badin IV South
ML and D & P Leases (Oil & Gas Fields)
Work commitment:
150 lkm 2D seismic & 3 exploratory wells
Work completed
Seismic acquired: Seismic data purchased: Seismic data processed/reprocessed: Well data purchased: Leads/prospects mapped: Exploratory wells drilled: 300 lkm 2D seismic 4493 lkm 2D & 993 km2 3D 1460 lkm 2D 41 14 2
Work in progress:
In-house G & G studies Vintage seismic interpretation to delineate stratigraphic traps Preparations to drill an exploratory well
Work commitment:
SINDH
Badin IV North Badin IV South
ML and D & P Leases (Oil & Gas Fields)
Work completed
Seismic acquired: Seismic data purchased: Seismic data processed/reprocessed: Well data purchased: Leads/prospects mapped: 483 lkm 2D seismic 2673 lkm 2D & 626 km2 3D 2322 lkm 2D 29 10
KARACHI
Work in progress:
In-house G & G studies Vintage seismic interpretation to delineate stratigraphic traps Preparing to drill exploratory wells
JHANGARA BLOCK
28 Lower Indus Basin
Area: Location: Working Interest: Play types: Hydrocarbon play: Prospectivity Zone: Surrounding oil & gas fields:
Reserves Exposure:
357.19 km2 Dadu District, Sindh Province PEL 40% (Operator),OGIL 60% Structural & stratigraphic in Cretaceous sands Gas/ condensate III Zamzama (2.32 TCF + 11.68 MMBC) & Bhit (1.6 TCF) producing from Pab and Badhra (110 BCF) producing from Mughal Kot 350 BCF
Punja b
Work commitment:
200 lkm 2D seismic
Zamzama 2.32 TCF & 11.68 MMBC
Work completed:
Seismic data purchased: 253 lkm 2D Prospects mapped: 2 Exploratory wells drilled: 1 Structural modeling through Beicip Franlab Geological field work mapping and outcrop sampling Structural and reservoir evaluation study Petrophysical analysis of Pab and Mughal Kot intervals
Work in progress:
In-house G&G studies 2D Sesimic and finalize a drillable prospect Structural/stratigraphic/reservoir play modeling Preparations in hand to acquire 2D seismic before drilling an exploratory well
KALOI BLOCK
29 Lower Indus Basin
2485.14 km2 Badin and Mithi Districts, Sindh Province PEL (Operator)100% Tilted fault blocks & stratigraphic in Lower Goru and Sembar sands (K) and Chiltan carbonates (J) Hydrocarbon play: Oil, gas/condensate Prospectivity Zone: III Surrounding oil & gas fields: Oil and gas fields operated by UEPL (formerly UTP/BP) located towards west of Kaloi in the Badin Blocks that have already produced over 185 MMBO and 1.5TCF gas Reserves exposure: 15 MMBO & 350 BCF Area: Location: Working interest: Play types:
Work completed:
2D seismic purchased: Leads/prospects mapped: 506 lkm 2D 4
Work in progress
Vintage data interpretation at Lower Goru Basal sand Structural/stratigraphic/ reservoir play modeling Preparing to acquire 2D seismic
Punj ab
Work commitment:
250 lkm 2D seismic and 3 exploratory wells
Work completed:
Seismic acquired: Seismic purchased: Seismic processed/reprocessed: Well data purchased: Leads/prospects mapped: 176 lkm 2D 305 lkm 2D 276 lkm 2D 8 3
Work in progress
In-house G&G studies Sequence stratigraphy evaluation of L. Goru sands Structural/stratigraphic/reservoir play modeling Preparations to drill an exploratory well
Punjab
Work Commitment:
200 lkm 2D seismic and 4 exploratory wells
Work Completed:
Seismic purchased: Seismic reprocessed: Well Data Purchased: Leads/prospects mapped: 685 lkm 2D 36 lkm 2D 2 wells 2
Lala Jamali Gas Field (OGDCL), in L. Goru, flowed 1130 btu/scf gas
Work in Progress:
Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling Preparing to acquire 200 lkm 2D seismic
Work commitment: 100 lkm 2D seismic and 3 exploratory wells Work completed: Seismic data purchased: Well data purchased: Leads/prospects mapped:
556 lkm 2D 1 2
Work in progress: In-house G & G studies Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling Preparing to acquire 100 lkm 2D seismic before drilling a well
2435.4 km2 Sukkur and Ghotki Districts, Sindh Province PEL 41.2%, MGCL (Operator) 58.8% Structural in Sui Upper & Sui Main Limestones (Eocene) and stratigraphic in Lower Goru sands (Cretaceous) Gas/condensate III Block 22 (175 BCF), Haseeb (200 BCF), Kandra (2.86 TCF), Rehmat (114 BCF) and Badar 100 BCF 200 300 BCF
Seismic Acquisition & Processing of 100 lkms and 3 exploratory wells Seismic acquired: 460 lkm Seismic data purchased: 909 lkm 2D Seismic data processed/reprocessed: 1200 lkm Well data purchased: 5 Leads/prospects mapped: 5 Wells drilled: 3 Discovered Koonj Gas Field, under extended well testing (EWT), present production 2.5 MMSCFD Regional geological study of Central Gas Basin
Badar 100 BCF Rehmat 114 BCF Mari 8.2 TCF Miano 537 BCF Kandra 2.86TCF
Work in progress:
In-house G & G studies Vintage seismic interpretation Structural/stratigraphic/reservoir play modeling
Work commitment:
186 Work Units (WU) One WU = 10 lkm 2D or 1 km 3D seismic
Channel-sheet sands leads&
prospects
Work completed:
Seismic acquired: Seismic processed to PSDM level: Leads/prospects mapped: 936.5 lkm 2D& 550 km 3D (643.6 WU) 550 km 3D cube 2 on 3D cube and 3 on 2D data
Work in progress:
In-house G & G studies Structural/stratigraphic/reservoir and source play modeling
Gas Exposure
Mirpur Khas West 0.20 TCF Sanghar East 0.20 TCF Kaloi 0.35 TCF Jhangara 0.35 TCF Salam 0.40 TCF Badin IV South 0.70 TCF Badin IV North 0.20 TCF New Larkana 0.20 TCF
Oil Exposure
Kaloi 15 MMBBL
Reserve Exposure for Offshore J Block is estimated at 25 30 TCF and Mirpur Mathelo over 2 TCF
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Petronas 0.33%
MGCL 12.65%
MOL 7.57%
PEL 0.67%
POL 0.53%
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PEL 35.05%
Block 22 Fields on production since December 2000 Reservoir: Sui Main Limestone (SML) Eocene Cumulative production: 58.35 BCF (as on 31-12-2011) Number of producing wells: 06 Hasan-4 well to be drilled in 2012
Kandra 2.86 TCF Miano 537 BCF
Block-22 was awarded in 1994 Four discoveries namely Hasan, Sadiq, Khanpur & Hamza have
been made Three D&P Leases have been granted whereas the Hamza DOC has been submitted & gas is planned to be supplied for power generation Production Facilities consist of Dehydration Unit, Amine sweetening unit, Compressors, API separator, Evaporator and Condensate handling unit. Upside Plan to drill an additional well in Hasan Lease to enhance production Plan to develop Hamza Discovery
Badar Mining Lease was granted in 2002, GSA was signed in August, 2004 and the production from the field commenced from SML reservoir in April, 2006.
Current production rate is 13.9 MMSCFD. Cumulative production from the date of first gas delivery is 31.18 BCF (as on 31-12-2011). The field is surrounded by major gas fields and has an upside potential of stratigraphic and structural plays Future plan is to drill Badar-2 in development well in 2012 to enhance production.
Hassan, Khanpur, Sadiq & Hamza 175 BCF Haseeb 200 BCF
KANDRA D&PL
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Lease Granted January 2006 Location/Area Khairpur and Sukkur Districts/286 Km Objectives Primary SML (Eocene) Secondary Lower Goru Sands / Chiltan Limestone Recoverable Reserves 2.86 TCF (SML) Wells Drilled 3 shallow, 1 deep Power Project GOP approved 120 MW power plant using Kandra Gas as fuel Future Plan Well Locations finalized. Preparation in hand to develop the field
Hassan, Khanpur, Sadiq & Hamza 175 BCF Rehmat 114 BCF
FIELD DEVELOPMENT
The low heating value Kandra gas (150 BTU/SCF) will be used as fuel for power generation after processing and blending with pipeline quality gas The field development envisages drilling and completing 12-14 additional wells, surface gathering lines and central processing facility for producing 120 MMSCFD of raw gas This gas after processing will yield 40 MMSCFD gas of 330 BTU/SCF heating value
POWER PROJECT
The processed Kandra gas will be commingled with 10 MMSCFD pipeline quality gas of 900-950 BTU/SCF heating value to yield 50 MMSCFD of 440450 BTU/SCF heating value This gas will be used as fuel for Combined Cycle Power Project of 120 megawatts electricity to be set up by the Kandra Power Company.
THE FIELD DEVELOPMENT AND POWER PROJECT IS ESTIMATED TO COST ABOUT US $ 95 MILLION AND US $ 165 MILLION RESPECTIVELY
Essaouira Basin
Area: Location: Working interest: Play types: Hydrocarbon play: 4919 km2 (about 25% of Essaouira Basin) 550 km southwest of Capital Rabat PEL75% (operator), ONHYM (carried) 25% Structural/stratigraphic in Triassic sands, Jurassic sands/carbonates and Paleozoic clastics Gas, oil and condensate Surrounding oil & gas fields: Seven oil and gas fields about 60 km to the north with 500 BCF and 50 MMB oil/ condensate in Triassic & Jurassic sands and carbonates. Sidi Rhalem oil field produced 9 MMBBL of oil from Jurassic Carbonates 8 TCF and 400MMBBL
Resource exposure:
Work commitment:
7 oil & gas/ condensate fields Rec. Reserves 500 BCF and 50 MMBO
70 km 3D and 1 well
Work completed:
Seismic acquired: Seismic data reprocessed: Leads/prospects mapped: Salt induced surface structures delineated , 40-80 km2 each: Petrographic study of Triassic reservoirs Geochemical modeling Gravity magnetic data evaluation 139 km 3D 132 lkm 2D 04
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Work in progress:
In-house G & G studies Evaluation of salt cored structures Preparing to drill an exploratory well
Atlantic Ocean
Haha Permits
REGULATORY REGIME Politically stable & progressive country Investment friendly fiscal regime Government carried interest is limited to 25% in exploration phase Royalty 10% on oil and 5% on gas No surface rental levied No petroleum duty No currency control Tax free import of equipment, material and consumables Corporate Tax holiday during ten years regular production
Large salt induced anticlines mapped indicating several TCF potential gas resources
AREA: 56 km2
GEOLOGICAL MAP
IH # 1
IH # 1
# 1 2 3 4 5 6 7 8
SURFACE STRUCTURES
Amsittene diapir Ihchech Ihchech south Baulanouar Agouti Imakherim Adar yssi Assaka
EXPOSED STRATA
Jurassic Jurassic Jurassic Cretaceous Cretaceous Cretaceous Cretaceous Cretaceous
RESERVOIR TARGETS Triassic/Paleozoic Triassic/Paleozoic Triassic/Paleozoic Jurassic/Triassic/Paleozoic Jurassic/Triassic/Paleozoic Jurassic/Triassic/Paleozoic Jurassic/Triassic/Paleozoic Jurassic/Triassic/Paleozoic
AREA (km2)
80 56 70 60 30 15 55 15
Aziar
Cretaceous
Triassic
Jurassic/Triassic/Paleozoic
Paleozoic
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10 Imouzzer
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Drinking Water
Disaster Management
Road Infrastructure
It is my privilege to say that PEL as a responsible corporate entity is committed to enhancing the wellbeing of the underprivileged communities in and around its concessions and lease areas, by providing clean drinking water, education, health facilities, local employment and infrastructure development. Every year millions of dollars are being spent on community welfare programs. Today I can very proudly say that with our sustained community welfare programs we have helped in ameliorating their difficulties and improving their wellbeing. PEL is committed to continuing these efforts into the future
Zaheeruddin
Chairman and Chief Executive
As per the CSR policy outlined by the Chairman, PEL as a responsible corporate entity is fully aware and committed to its social responsibility towards the local communities in its area of operation PEL has established a track record of implementing social welfare schemes in its area of operations PEL made a significant contribution (US$ 29,750) in construction of eight classrooms at HMB Trusts Institute of Science & Technology, Shikarpur
PEL undertook installation of Electric Water Coolers at various schools, colleges, libraries and parks (US$ 33,688) Made a major contribution (US$ 456,260) in the establishment of regional Petroleum Technical Training Institute at Khairpur, Sindh
www.shahzadintl.com.pk
Provision of funds for the establishment of Petroleum Training Institute in Khairpur, Sindh. www.shahzadintl.com.pk
Provisionof ofuniforms funds forfor the establishment Provision orphan children of at Petroleum Bait ul MalTraining Pakistan Institute in Khairpur, Sindh. www.shahzadintl.com.pk
Provision Provision of ofuniforms funds forfor the orphan establishment children of at Petroleum Bait ul Mal Training Pakistan Medical facilities consisting of mobile dispensaries/ambulances Institute in Khairpur, Sindh. www.shahzadintl.com.pk for emergencies
Medical facilities consisting of for mobile dispensaries/ambulances Provision Provision of ofuniforms funds forfor the orphan establishment children of at Petroleum Bait ul Mal Training Pakistan Installation of water coolers the supply of clean drinking for emergencies Institute in water Khairpur, Sindh. www.shahzadintl.com.pk
Medical facilities consisting of mobile dispensaries/ambulances Provision Provision Installation of of uniforms funds of water for the coolers orphan establishment for children the of at Petroleum Bait of NGO clean ul Mal drinking Training Pakistan Donated a for vehicle to a wellsupply reputed for emergencies Institute in water Khairpur, Sindh. www.shahzadintl.com.pk
PEL is committed to imparting skills related to oil & gas industry requirements. It has proudly invested over One Million US Dollars during the last four years (i.e. 2008 2011) on training and development of government officials and its employees. The main objective of training and development is to help develop key competencies which enable individuals to perform current or future jobs successfully. All training and development programs are geared towards: Strengthening the job skills/knowledge of government officials and its employees Improving operational efficiency and productivity Key Training Activities of our employees during 2011 were as follows: Oil & Gas Summit, Asia Malaysia Seminar on Testing Through New Technology arranged by Schlumberger Islamabad, Pakistan Procurement & Inventory Management arranged by Skill Development Council Wireline Log Interpretation arranged by OGTI Islamabad, Pakistan Business Writing Skills arranged by Skill Development Council
PEL has contributed an amount of over US$ 13 million from July, 2003 till January 31, 2012 on account of statutory payments to the Government of Pakistan covering royalty, area rental, marine research, production bonus, signature bonus, training, social welfare, general sales tax, excise duty, with-holding tax and custom duty.
Provide adequate training, information and instructions on health, safety and hazards
HSSE Policy
Proud to be committed to environment friendly operations As a result of strict adherence to HSSE policy, the time lost on account of accident/injury was zero hours in Block-22 and Badar operations during last ten years
FUTURE OUTLOOK
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To exploit knowledge and evolving technology and pursue international opportunities for exploration and acquisition of production assets to become a leading E&P company
To attract serious E&P companies into Joint Ventures Partnerships through farming into its exploration and production assets in Pakistan and overseas, especially Morocco
To aim at an aggressive corporate growth through prudent goals oriented strategies and risk management spreading the risks and sharing the rewards
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www.shahzadintl.com.pk