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The Pakistan Oilfields Limited is a Pakistani oil and gas exploration company which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Rawalpindi, Punjab Province, Pakistan. [2] In 1978, Pakistan Oilfields took over the exploration and production business of Attock Oil Company. Since then, it has been investing independently.
Attock Oil Company Limited (AOC) was incorporated in England on 1 December 1913, and extended into Pakistan as a branch office of a foreign company for the principal business of exploration, drilling and production of petroleum products. AOC met its first oil discovery in 1915 at Khaur, Attock District.
Pakistan Oilfields Limited; Pakistan Petroleum; Pakistan Refinery Limited; Pakistan State Oil; S. Sui Northern Gas Pipelines Limited; Sui Southern Gas Company; U.
After the partition of British India in August 1947, the newly formed Government of Pakistan required oil exploration to be conducted by companies incorporated in Pakistan and using the local currency. [4] In response to this requirement, Attock Oil Company incorporated Pakistan Oilfields Limited, in which it held a shareholding of 70 percent. [4]
There are five main oil refineries in Pakistan with a combined capacity of approximately 450,000 barrels of crude oil per day (bpd), equivalent to 20 million tonnes per annum. [8] Cnergyico PK Limited is the largest oil refiner, with its oil refining complex in the Balochistan province able to refine up to 156,000 barrels per day of crude oil. [9]
Pakistan Petroleum Limited (PPL) is a Pakistani state-owned petroleum company headquartered in Karachi. It operates major oil and gas fields, including the Sui gas field , has non-operating interests in other fields, and has an interest in an exploration portfolio onshore and offshore.
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The Toot oilfield was not discovered until the early 1960s in the Punjab. It covers 122.67 square kilometres (47.36 sq mi). Pakistan Petroleum and Pakistan Oilfields explored and began drilling these fields with Soviet help in 1961 and activity began in the Toot oilfield during 1964. [3] [4]