Upload
ahsan-sarfaraz
View
214
Download
1
Embed Size (px)
DESCRIPTION
lhlkj
Citation preview
INTERNATIONAL INC.
OPII
ORIENTPETROLEUM
ORIENT PETROLEUM International Inc.OPII
Overview
Corporate Vision
Core Competencies
Business Strategy
Core Values
Senior Management Profile
Corporate Social Responsibility
Oil & Gas Assets - Locations
Exploration Portfolio
Plants and Production Facilities
Access to Financial Market
Achievements
Exploratory Wells Drilled
Production History
2008 Drilling Outlook
Contact Information
Contents
Overview
ORIENT PETROLEUM International Inc.OPII
The Company has entered into successful jointventures with prominent local and foreigncompanies involved in E&P activities in Pakistan.These include Zaver Petroleum CorporationLimited, Oil & Gas Development CompanyLimited, Attock Oil Company, Pakistan Oilfields,Bow Energy Resources, Petronas Carigali ofMalaysia and Government Holdings PakistanLimited.
These partnerships have not only helped OPII addvalue to its existing operations but also signals itscredibility as a major player in Pakistan's privateoil and gas sector and is endorsed by the trustplaced on it by its joint venture partners.
OPII has been engaged in extensive explorationoperations for the past few years in variousconcession areas in Pakistan, including MirpurKhas, Khipro, Sakhi Sarwar, Marwat and Mahrviconcessions. OPII is also a non-operating jointventure partner in Mehar block operated byPetronas Carigali of Malaysia and Sinjhoro blockoperated by Oil and Gas Development CompanyLimited.
OPII Office (Pakistan)
Orient Petroleum International Inc. (OPII) is an Oiland Gas Exploration and Production Companyincorporated in the British Virgin Islandsheadquartered in Geneva, Switzerland. It is asuccessor in interest to Orient Petroleum Inc.(formerly Occidental of Pakistan, Inc.) a USAbased company that began petroleumexploration in Pakistan in 1979.
Prior to March 31, 1995, OPII was a wholly ownedsubsidiary of Occidental International Explorationand Production Company (OIEPC). Effective thatdate, OIEPC sold its entire capital stock holding inOrient Petroleum Inc. (OPI) to the Hashoo groupof companies. Accordingly, since March 31,1995, OPI has been a company of the HashooGroup.
Within five (5) years of commencing E&P activitiesthe company made its first, and Pakistan's largestoil discovery at Dhurnal, and put the field intoproduction within 20 days.
After 1995, OPII embarked on a growth plan,which saw the company acquire the largestacreage amongst E&P companies in Pakistan.OPII has now embarked on a new phase ofgrowth that is embedded firmly on itslongstanding foundation of success in adeveloping country.
For the past 29 years, OPII has reaped the rewardsof oil and gas exploration in Pakistan. With jointventure participation in various blocks inPakistan, OPII has to its credit a number ofdiscoveries in Mirpur Khas and Khiproconcessions where it was the Operator tillDecember 2008.
After fulfilling the commitment under thePCA/Work Programme, OPII has transferred theOperator ship to British Petroleum from January2009 along with its entire working interest inboth MPK and Khipro blocks.
ORIENT PETROLEUM International Inc.OPII
2
Drills Ratana-2
Executes PCA for
five blocks in the
Sindh Province
including Sinjhoro &
Mehar
Discovery of Naimat
Basal, Siraj South wells
in Khipro
Discovery of largest
oilfield in Pakistan -
Dhurnal
Begins
exploratory
drilling
Initiates seismic data
acquisition in
Pakistan
Acquires Bhangali
field
Spuds Ratana-1
Discovery of Bilal & Bilal
North in Khipro
Discovery of Kausar,
Usman, Umar & Ali
wells in Mirpurkhas
Installs artificial lift at
Bhangali
Begins drilling
world's deepest
lateral well: Ratana-3
Pioneers the
acquisition of 3-D
seismic data in
Pakistan
Gas discovery at
Ratana
Major oil discovery at
Bhangali
Discovery of Ahmed
& Kamal North well in
Mirpur Khas & Khipro
respectively
1979
1984
1989
1994
1999
2004
Discovery of Ratana- 3 inRatana D & PLand Rahim inKhipro Block
respectively2009
Timeline
OPII has invested several million US Dollars to dateand remains committed to further investing inPakistan's community needs, strengthening itsreputation as a socially responsible goodcorporate citizen.
OPII held Operator ship of MPK/Khipro blocks tillDecember 2008. The Operator ship has beentransferred to British Petroleum Pakistan as ofJanuary 2009.
Our efforts are focused on contributing toPakistan's objectives of achieving energy securityand continuous growth of reserves andproduct ion levels . In order to fosterorganizational enrichment, we motivate learningthrough systematic availability of resources andsystems. This has resulted in the creation of astimulated work environment that provides achallenging experience as well as opportunities toexcel individually.
ORIENT PETROLEUM International Inc.OPII
3
OPII strives to achieve sustainable growth inshareholders value through acquisition of newexploration acreage, Joint Ventures andoptimizing production from existing fields toachieve a diversified exploration and productionportfolio by vertical as well as horizontalintegration.
Corporate Vision
Business Strategy
Core Values
ORIENT PETROLEUM International Inc.OPII
High social standingStrong resource baseQuick decisionsGood governanceEffective business strategySustained cash flowEffective exploration portfolio managementCompetent management teamHighly qualified & experienced professionalsCompetitive advantages
Core Competencies
Human Resources
Natural Resources
Corporate Resources
Organizational enrichmentRecognition and growthMotivation for learning through systematicavailability of resources and systemsMutual trust
Energy conservationEnvironmental protectionCommunity development
Good governanceCorporate responsibilityGood corporate citizenshipLegal compliance
Balanced exploration portfolio managementin Pakistan and targeted overseas marketsSustained growth through acquisition anddevelopmentFast-paced development of new discoveriesSeek incremental production from matureoil fields through secondary and tertiaryEnhanced Oil Recovery (EOR) techniquesCost effectivenessCutting edge technologies
4
OPII is proud of the fact that it is harnessing andutilizing the vast experience, expertise andtechnical know-how of professional Pakistaninationals. It also provides employment to over400 well-trained & dedicated employees workingto meet our common goal and vision.
OPII is home to many financial and technicalinnovations in our respective field of business thathave enhanced the company's existingreputation and have provided major impetus toits growth.
chairs the Board ofDirectors and leads a team of highly qualified andexperienced senior management.
President, has earneddiverse experience in business managementwhile working with the Hashoo Group and itsaffiliates over the past 13 years in North America,Europe and the Middle East. Mr. Hashwanireceived his education in Business Administrationand Finance while living in the United States. Priorto that he was educated in Switzerland andEngland. He has also attended various ExecutivePrograms at Wharton, INSEAD, Rice andColombia Universities. Mr. Hashwani is primarilyresponsible for steering the Group's internationalactivities.
Chief Operating Officer, hasover 37 years of experience with both local andmultinational oil exploration companies includingAttock Oil Company, Pakistan Oilfields Ltd,Tullow Oil and Sterling Resources Ltd. He is amember of American Management Associationand Society of Petroleum Engineers - PakistanSection. He is also a member of the IslamabadChamber of Commerce and Industry and was theVice Chairman of PPEPCA an association ofpetroleum exploration companies operating inPakistan.
Mr. Sadruddin Hashwani
Mr. Hasan Ali Hashwani,
Mr. Anwar Moin,
Senior Management Profile
Mr. Shamim A. Chughtai,
Mr. Tasleem Wasti,
Mr. Ubaidullah Piracha,
Mr. Athar M. Khan,
Senior Vice PresidentExploration, has had over 37 years of experiencewith OGDCL, Pakistan. He holds to his sole creditmore than 25 oil and gas discoveries inmiddle/lower Indus Basin of Pakistan and hasadvanced training in seismic data acquisition andinterpretation from Western Geophysical andTeknica Resource Limited in Canada.
Vice President Exploration,has earned an M.Phil & DIC in Oil Technologyfrom Imperial College, University of London,England & B.Sc (Honors) and M.Sc Geology fromUniversity of Karachi. He is well respectedGeoscientist in the E&P industry of Pakistan andhas 40 years experience in the field.
He worked with different major multinationalE&P companies in Canada as well as Indonesia.Mr. Wasti has been associated with AmataInternational Limited as an independentConsultant for several years and also worked inPakistan Oilfields Limited as General Manager(Exploration) where he achieved many oil & gasdiscoveries.
Vice PresidentOperations, has 39 years of internationalexper ience in posit ions of increas ingresponsibility in oil/gas field development,facilities engineering, construction, projectmanagement, risk management, LPG extraction,petroleum refining, etc. He possesses extensiveand diverse work experience with large world-renowned oil and gas E&P multinationalcompanies, engineering and constructioncontractors and oil/gas sector service providerssuch as Oxy, Union Texas, BP, OMV, ChicagoBridge and Schlumberger.
Vice President Finance, hasa Chartered Accountants Final (Group II)Examination degree from the Institute ofChartered Accountant of Pakistan and 23 yearsexperience of progressively responsible positions,
ORIENT PETROLEUM International Inc.OPII
5
with 14 years in the Oil & Gas Industry.
Prior to joining OPII, he worked as a FinancialController with Premier and Shell Pakistan BV andPremier KUFPEC Pakistan BV. He has extensiveknowledge of Oil & Gas Industry Economic andFiscal evaluation of New Business Prospects,expertise in all corporate matters, economic andFiscal evaluation of Farm-in / Farm-out decisionsand development of Company's Business Plan.
Vice President, Petroleum andReservoir Engineering, has 15 years of diversifiedexperience in all areas of Reservoir and PetroleumEngineering. He holds a Masters degree inPetroleum Engineering from the Colorado Schoolof Mines. Mr. Javed has worked for severalnational and multi-national E&P operating andservice companies like BP, Marathon OilCompany, Schlumberger, Dewan Petroleum andCore Laboratories.
He has expertise in well test analysis, wellmodeling, reservoir simulation and petroleumeconomics, along with log interpretation andfluid modeling. He has hands-on experience andexpertise on most of the software used inpetroleum and production engineering.
General Manager PetroleumEngineering, holds a Bachelor of Engineering(Turkey) and Masters of Engineering (Bangkok).He has over 23 years of diversified experiencewith local and multinational E&P andinternational oil services companies includingSchlumberger and Occidental of Pakistan Inc. Hehas to his credit, development of several oil andgas properties and has been trained in variousprofessional courses in Indonesia, France, UK andUSA. He is a member of Society of PetroleumEngineers.
GeneralManager Administration & Support Group, priorto joining OPII, has had an illustrious career with
Mr. Javed Iqbal,
Mr. M. A. Shahid,
Lt. Col. (R) Tahir Hussain Shah,
the Pakistan Army. During his tenure with theArmy he has held various Command, Staff andInstructional appointments. He remained asInstructor at the School of Infantry and TacticsQuetta training young officers in WeaponSystem, Tactics and Warfare. He has to his creditthe top grade of "Distinguished"by virtue of hisrecord tenure of 4 years as Instructor.
At OPII, Col. Tahir as the General ManagerAdministration & Support Group, oversees thevery important funct ions of Genera lAdministration, Security, Land and Health.
General Manager MIS &Communication, has over 26 years of experiencein managing various IT set-ups. He has workedwith USAID, Pakistan Petroleum Limited andPakistan Oilfields where he implemented andmanaged a wide range of advanced informationtechnology systems.
½
Mr. Abdul Razzaq,
ORIENT PETROLEUM International Inc.OPII
6
Corporate Social Responsibility
Community Development
Health
Education
At OPII, community development is part of thecompany's overall corporate social responsibility,business strategy and everyday operations. Wesupport the uplift and empowerment of theu n d e r d e v e l o p e d a n d d i s a d v a n t a g e dcommunities in areas in which we operate. Ourinitiatives are targeted towards improving the lifein remote areas by making provisions for the basicneeds in sectors such as health, education andskill training.
OPII has made substantial contribution in thehealth sector by organizing eye camps,conducting surgeries and examinations ofthousand of patients in its concession blocks inthe Potwar region and Sind Province. Theprovision of equipment and utilities such aswheelchairs, microscopes and bronchoscopes,air-conditioners, etc. have improved the qualityof various hospitals and clinics. OPII has beenactively administering hepatitis 'B' vaccination tochildren in Mirpur Khas and Khipro Block and hasbeen involved in imparting training to traditionalbirth attendants, till December 2008.
Education plays a vital role in the progress of anynation. OPII has a far-sighted approach towards
ORIENT PETROLEUM International Inc.OPII
7
introducing new standards and improving theexisting educational facilities by constructingschools, providing furniture and by donatingeducational equipment, books, and training toolssuch as projectors, computers, printers as well asMontessori and nursery kits in all its concessionblocks.
OPII is focused on improving the living conditionsand uplifting the quality of life in the rural areas bylaying water supply lines and drinking waterwells, etc. To empower the women of the ruralareas, OPII has provided vocational training anddistributed equipment such as sewing andknitting machines.
OPII's top management is fully committed tocommunity involvement and engaged in thedefinition of program goals and methods ofdelivering it.
Social Welfare
(As on Jan. 2008)
BALUCHISTAN
0 50 KMS
N
0 50 KMS0 50 KMS
NN
SIND
N. W. F. P
PESHAWAR
QUETTA
JAMMU & KASHMIR
(Disputed Territory)
CHINA
RIVIR
IVER
CHENAB
RIV
ER
JH
EL
UM
RIV
ER
IND
US
RIV
ER
IND
US
RIV
ER
SU TLIJRIVERPUNJAB
LAHORELAHORE
RAWALPINDI
ISLAMABAD
Gilgit Agency
KADANWARI
MIANO
KHAIRPUR
MARIKANDHKOT
SUIUCH
LOTI
PIRKOH
ZIN
MAZARANI
DHODAK
RHODO
SAVI RAGHA
NANDPUR
PANJPIR
BALKASSAR
JOYA MAIR
FIMKASSAR
ADHI
BHANGALI
MISSA KESWALIDHULIANTOOT
MEYALDAKHNI
RATANA
SADKAL
BHAL SAYDAN
PUNJAB
MULTAN
SARA
HYDERABAD
CHARSADDAABBOTTABAD
MANSEHRA
JHELUM
GUJRATSIALKOT
GUJRANWALA
LAHORE
SHEKHUPURA
SARGODHA
MANWALI
D.I.KHAN
JHANG
PATTOKI
SAHIWAL
MIANCHANNUN
MUZAFFAFGA
RH
AESLALPIR
BAHAWALPURE
AHMEDPUREAST
KHANPUR
RAHMYARKHAN
SADIQABAD
JACOBABAD
LARKANA
NAWABSHSH
SANGHAR
BOBI
MAIRPUR KHAS
SIBI
KOT
ADDU
JANDRAN
PANJGUR
TURBAT
PASNI
KHUZDAR
NOK KUNDI
ARABIAN SEAKARACHI
DADU
IRAN
AFGHANISTAN
HASEEN FEB 15 2008
THATTA
LEGEND
MINNING / DEVELOPMENT & PRODUCTIONLEASES
OPII EXPLORATION LICENCES
NON OPERATED EXPLORATIONLICENCES FIELDS
MARWATEXPLORATION LICENCE
SAKHI SARWAREXPLORATION LICENCE
MEHAREXPLORATION LICENCE
SINJHOROEXPLORATION LICENCE
MAHRVIEXPLORATION LICENCE
RATANA FIELD
BHANGALI
FIELD
DHURNAL
FIELD
Oil & Gas Assets - Locations
ORIENT PETROLEUM International Inc.OPII
8
* OPII held Operator ship of MPK/Khipro (fields) till December 2008.
Mirpur Khas
Khipro
OPII, as the Operator, had achieved five Oil & Gasdiscoveries out of fifteen exploratory wells drilledin this concession with a success ratio of 1:3.These discoveries include Kausar Deep-1 withinitial rate of (31.5 MMscfd), Usman-1 (48MMscfd), Umar-1 (3000 BOPD), Ali-1 (22MMscfd) and Ahmad-1 (28 MMscfd). The currentproduction from Mirpur Khas is around 42MMscfd of gas, 250 BOPD and 10 MT of LPG.
Gas production from Mirpur Khas Concession issold to Sui Southern Gas Company Limited undera long-term Gas Sale and Purchase Agreementdated 22 July 2006, whilst Oil/Condensate isdelivered to National Refinery & Pakistan Refineryat Karachi.
Now the Operator ship stands transferred toBritish Petroleum along with its entire WI.
OPII, as the Operator, had made six Oil & Gasdiscoveries out of the fourteen exploratory wellsdrilled so far. These include Naimat Basal with aninitial rate of (27 MMscfd), Siraj South (24.3MMscfd), Bilal North (6 MMscfd), Bilal-1 (14.5MMscfd), Kamal North (2070 BOPD) andRahim-1 (825 BOPD). The current productionfrom Khipro is around 21 MMscfd of gas, 1200BOPD and 50 MT of LPG.
Gas production of Khipro Concession is sold toSui Southern Gas Company Limited under a long-term Gas Sale and Purchase Agreement dated22 July 2006, whilst oil/condensate is deliveredto National Refinery and Pakistan Refinery atKarachi.
After fulfilling the commitment under thePCA/Work Programme, OPII has transferred theOperator ship to British Petroleum from January2009 along with its entire working interest inboth MPK and Khipro blocks.
nd
Exploration Portfolio
Sakhi Sarwar
Marwat
Maharvi
Sakhi Sarwar Block is located in the province ofPunjab. OPII, as an operator, has carried out aseismic survey of 200 LKM in 2005. The workcommitment in this Concession includes drillingof two Exploration wells before July 2009.
OPII re-entered Amoco's original Sakhi Sarwar-1well in 2007 and drilled deeper to 15,180 feetinto the Pab Formation of Cretaceous age. Re-entry well tested Gas at 500 Mscfd, which provedthe existence of an active petroleum system in thisseismically mapped large Sakhi Sarwar structure.OPII has 80% Working Interest in the block whileZaver Petroleum has 20%.
Marwat Block is located in the prolific Bannu andKohat Plateau of the Upper Indus Basin. Thisblock was awarded to OPII and a sister companyZaver Petroleum on January 22, 2007, for aperiod of five years. This block is on trend withmany oil and gas discoveries in the Tal Block to theNorth and Safed Koh in the South. The existingseismic data and three surface structures suggestgood prospects in the block. The minimum workprogram includes acquisition of 100 LKM of 2Dseismic. OPII has 85% Working Interest in theblock and Zaver Petroleum 15% W.I.
This block is located in the Punjab Platform of theCentral Indus Basin. Mahrvi Block was awardedto OPII and Zaver Petroleum on January 22,2007, for a period of five years. OPII has acquired250 LKM of 2D seismic and plans to drill oneexploratory well in the third year of the License.OPII has 80% Working Interest in the block whileZaver Petroleum has 20%.
9
ORIENT PETROLEUM International Inc.OPII
nd
Sinjhoro
Mehar
Sinjhoro Block is located in southern Indus Basin.Nine discoveries have been made from thefourteen exploratory wells drilled in the area byOGDCL as Operator that translates to a 60%success ratio. The commerciality of thesediscoveries has been approved by GOP.Development plan has been submitted to theDGPC. OPII holds 19% pre-discovery while postdiscovery Working Interest is 15% in this block.
In Mehar Concession, Mehar-1 well was a Gas &Condensate discovery from the Pab Sandstone ofthe Cretaceous age. Mehar-2, an appraisal wellwas drilled about 130 meters down-dip ofMehar-1 well at Cretaceous level, which testedgood quantities of Gas/condensate. The Ranikotformation of the Paleocene age was also testedwith commercial quantities of gas/condensate.The Development and Production Lease onMehar has been granted. Petronas Carigalli is theoperator of Mehar Block and OPII has 15% W.I.in the pre-discovery phase while post discoveryW. I. is 11.84%.
ORIENT PETROLEUM International Inc.OPII
10
Potwar Development and Production Leases
OPII holds three D&PLs in the Potwar Plateau ofthe Upper Indus basin namely Bhangali (1989),Dhurnal (1984) and Ratana (1992). To dateBhangali Field has produced 3.7 MMbbls of Oiland 9 BCF of Gas, Dhurnal has produced 50MMbbls of Oil and 129 BCF of Gas and RatanaField has produced 32 BCF of Gas, 1.3 MMbbls ofCondensate, 4557 MT of LPG & 1584 MT ofSulphur.
OPII is making efforts to find additional potentialreserves as well as recover remaining reservesfrom these large thrust structures. OPII as anoperator holds 40% W.I. in 45.3 Km2 Bhangali,70% W.I. in 64.2 Km2 Dhurnal and 65.91% W.I.in 214.5 Km2 Ratana D&PL.
Dhurnal central production facilities are locatedoff Fateh Jang road 65km south of Islamabad.Orient had drilled seven wells at Dhurnal, four ofthem are producers and three are water injectionwells.
The Facilities consist of wells gathering network,three phase separation, crude oil desalting, glycoldehydration, electric power generation, sales gaspipeline to SNGPL, sales gas metering,condensate processing, storage and shipping. Agas lift compressor (K-305) is installed for the gaslift of producing wells and gas sales to meet theSNGPL line pressure. Being the central facility forthe Northern fields, Dhurnal has largewarehouse, pipe yard, offices, workshops andcamp facilities.
A 50,000 bwpd water treatment and injectionfacility is installed for pressure maintenance. Theinjection water is transported from Soanwaterbed through an 18Km, 12-inch dia pipeline.An 18,000 bwpd produced water treatment andhandling facility is also installed to dispose theproduced water in the reservoir.
Ratana surface facilities were installed in 1992.The gas processing plant has a capacity of 30MMscfd. It comprises of three-phase inletseparator, electric power generation, Glycol
Ratana
Dhurnal
dehydration unit, Condensate storage, Producewater handling and allied facilities.
ORIENT PETROLEUM International Inc.OPII
11
Bhangali Oilfield was discovered in October 1989with the peak production of 3500 bopd. Afterobtaining production naturally for about nineyears, the well was placed on gas lift. Incrementalproduction realized due to gas lift is in excess of1.1 million bbls of oil & 5 BCF of gas.
Bhangali gas processing plant and surfacefacilities were installed in 1989. The gasprocessing plant has a processing capacity of 25MMscfd. It comprises of three-phase inletseparator, Glycol dehydration unit, Gas liftcompressor, Condensate storage, ProducedWater disposal and allied facilities.
Bhangali
Plants and Production Facilities
Securing finances for an oil company form thecredit markets is a challenging task given thehigh-risk environment under which anexploration and production company operates.The bulk of financing is utilized for fielddevelopment and infrastructure for theexploitation of oil and gas.
OPII has enjoyed a sound financial standing incredit markets. This is demonstrated by the factthat JCR-VIS Credit Rating, Pakistan's onlyinternationally affiliated credit rating agency hasassigned medium to long term entity rating of"A" (Single "A") with stable outlook and short-term entity rating of "A-1" (Single "A" One) toOPII.
The future cash flows of upstream oil and gascompanies are dependent on new exploration,which is risky and also requires substantial capitaloutlay. These uncertainties have been somewhatmitigated in Orient's case due to the quantum ofproven reserves ensuring substantial future cashflows. In this regard the Company raised asubstantial amount of non-recourse and recoursefinancing from the local and internationalmarkets, which demonstrated the confidence ofleading financial institutions in OPII as being acreditworthy entity with a clean repaymentrecord.
In addition to the various financial arrangements,OPII's management embarked upon the first everTFC issue by an oil exploration and productioncompany in Pakistan through a SpecialProduction Vehicle (SPV). A comprehensivelystructured and financially viable project, the TFCissue brought a new dimension to financingoperations of the company and also pioneeredthese very dynamics in Pakistan's financial sector.Various companies in the corporate sector have
Term Finance Certificates (TFCs) & PrivatePlacements
Access to Financial Market
ORIENT PETROLEUM International Inc.OPII
financing high cost operations. The companyissued 2 local TFCs which were over subscribedand the first one has matured and fully settledand the second one trading at a premium.
In addition to the local markets, the company wasthe first private sector entity to raise non-recoursefinancing internationally with the object oflowering it local cost of borrowing anddeveloping an appetite for Pakistan Risk inInternational financial markets. This was again afirst and a very successful transaction. A strongrelationship was also developed with theinstitutions with the objective of futurepartnerships and investment in Pakistan and elsewhere around the globe.
The strong credit rating for OPII in the financialmarkets also lends comfort to its joint venturepartners and potential future partners on itsability to finance and carry out operations invarious exploration areas throughout Pakistan.
Mr. Hassan Ali Hashwani (President), Mr. Rustom B. Kanga(Director) and Mr. Kamran Ahmed (Director OP UK Ltd.)with Senior Executives of Credit Suisses at its Head Officein London, UK, at the lunch and closing Ceremony forthe first ever non-recourse facility against securitization offuture sales receivables of oil and gas emanating formPakistan in the London market.
12
1
2
3
4
5
6
7
8
9
10
11
12
1RE
13
Kausar -1
Tuba - 1
Barkat - 1
Marjan - 1
Noorie -1
Kamal - 1
Naimat Basal - 1
Siraj - 1
Naimat North - 1
Siraj South - 1
Inaam Basal - 1
Rehman - 1
Kausar Deep - 1
Shahpur - 1
10,050
8,948
9,000
8,747
10,529
9,650
11,882
10,650
12,001
10,560
10,154
12,522
13,218
11,766
2001
2001
2002
2002
2002
2002
2002
2003
2003
2003
2003
2003
2003
2003
Suspended
Water Disposal
P&A
P&A
P&A
Suspended
P&A
Water Disposal
Suspended
P&A
P&A
Discovery
Discovery
Discovery
N o . W e l lD e p t h
( f t )Y e a r S t a t u s
Achievements
Success Ratio 1: 2.63
Exploratory Wells Drilled
ORIENT PETROLEUM International Inc.OPII
13
* OPII held Operator ship of MPK/Khipro (fields) till December 2008.
ORIENT PETROLEUM International Inc.OPII
Exploratory Wells Drilled
N o . W e l lD e p t h
( f t )Y e a r S t a t u s
14
15
13A
16
17
18
19
20
21
22
23
24
25
26
27
28
29
Usman - 1
Umar - 1
Shahpur - 1 (Side Tracked)
Tuba Deep - 1
Sidiq - 1
Ali - 1
Fatima - 1
Bilal North - 1
Bilal - 1
Sachal - 1
Ahmed - 1
Siraj North - 1
Kamal North - 1
Ghazi - 1 (ST # 1)
Rahim - 1
Kamal West - 1
Al-Hakeem
12,900
10,040
11,652
11,995
10,545
11,000
7,187
10,363
10,345
10,608
13,127
10,425
9,890
9,050
10,700
11,600
10,000
2003
2003
2004
2004
2004
2004
2004
2004
2005
2005
2006
2006
2006
2006
2007
2007
2007
Discovery
Discovery
Discovery
Discovery
Discovery
Discovery
Discovery
Discovery
P&A
P&A
Suspended
P&A
P&A
Suspended
suspended
Suspended
P&A
14
* OPII held Operator ship of MPK/Khipro (fields) till December 2008.
2003 2004 2005 2006 2007
Years
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,0001.865
7,278
10,314
13,912 13,733
Barr
els
of
Oil
Eq
uiv
ale
nt
Per
Day
(BO
E/
DA
Y)
Production History
ORIENT PETROLEUM International Inc.OPII
15
* OPII held Operator ship of MPK/Khipro (fields) till December 2008.
SAKHI SARWAR BLOCK
1 Sakhi Sarwar - 1 15,200 2008
N o . W e l l D e p t h ( f t ) Y e a r
MIRPUR KHAS BLOCK
1 Fatima Basal - 1 13,000 2008
N o . W e l l D e p t h ( f t ) Y e a r
KHIPRO BLOCK
1
2
3
Rahim North -1
Hussain - 1
Yasin -1
10,000
10,000
10,000
2008
2008
2008
N o . W e l l D e p t h ( f t ) Y e a r
Up to December 2008 Drilling Outlook
ORIENT PETROLEUM International Inc.OPII
16
Contact Information
Hayat Hall, Block No. 2Diplomatic Enclave No. 1, G-5
P.O. Box 1325Islamabad, Pakistan
PABX: +92 51 2274 261 - 68Fax: +92 51 2274 244
Website: www.opii.comwww.orientpetroleum.com
E-mail: [email protected]
15th Floor, Emirates TowersSheikh Zayed Road,
P.O. Box 112404Dubai, UAE
PABX: +971 4 330 4445Fax: +971 4 330 4446
Boulevard Helvetique 18,2nd Floor,1207 Geneva,
SwitzerlandPABX: +41 22 707 0130Facsimile: +41 22 707 0131
16 Upper Woburn PlaceLondon, United Kingdom WC1H 0AF
PABX:+44 20 7380 4600Fax: +44 20 7380 0518
Orient Petroleum International Inc.
Islamabad
Dubai
Geneva
London
ORIENT PETROLEUM International Inc.OPII
17