POL (Pakistan Oilfields Limited) aims to be the leading oil and gas exploration and production company in Pakistan with the highest proven reserves and production. It seeks to discover new hydrocarbon reserves and enhance production from existing reserves through applying best technologies. Its strategy is to increase current production levels through innovation and regularly adding new reserves to sustain long-term production. Its ultimate goal is to maximize shareholder returns and provide optimal value to stakeholders.
4. To be the leading oil and gas exploration and
production Company of Pakistan with the highest
proven hydrocarbon reserves and production, and
which provides optimum value to all stakeholders.
5. “We aim to discover and develop new hydrocarbon
reserves and enhance production from existing reserves
through the application of the best available technologies
and expertise. In achieving our aim, we will maximize the
return to our shareholders, fully protect the environment,
enhance the wellbeing of our employees and contribute
to the national economy.”
6. Strategy
We plan to increase our current level of oil
and gas production through the application
of innovative technology to obtain
maximum productivity. Our long term goal
is to sustain production by regularly adding
new reserves. Our ultimate goal is to
maximize returns to our shareholders and
provide optimum value to all stakeholders.
7. Establishment Of POL
Pakistan Oilfields Limited
(POL), a subsidiary of The
Attock Oil Company Limited
(AOC), was incorporated on
November 25, 1950. AOC was
founded in 1913 and made its
first oil discovery in 1915 at
Khaur, District Attock.
In 1978, POL took over the
exploration and production
business of AOC. Since then,
POL has been investing
independently and in joint
venture with various
exploration and production
companies for the search of oil
and gas in the country.
8. Core Values
“We believe in
maximizing the
return to our
shareholders and
enhancing the long
term profitability of
the Company
through the
application of the
best available
technology and
expertise”
9.
10. Code of Conduct
It is the Company’s policy to conduct its operations in
accordance with the highest business ethical
consideration, to comply with all statutory regulations
and to conform to the best accepted standards of good
corporate citizenship. This policy applies to all directors
and employees of the Company regardless of function,
grade or standing.
11. Chairman
International investor and industrialist
financial and trading interests in Pakistan and
other parts of the world.
Graduate from Harvard University (MBA)
Masters in Petroleum Engineering from
University of Colorado and Stanford University.
Chairman of Attock Oil Company Limited,
National Refinery
Limited, Attock Refinery Limited
Dr. Ghaith R. Pharaon
16. Management Committees
Executive
Committee
The Committee meets
under the chairmanship of
the Chief Executive to
coordinate the activities
and operations of the
Company
Review and
Appraisal
Committee
It is responsible for ensuring
that procurement of assets,
goods and services is made in
accordance with Company
policies and procedures on
competitive and transparent
terms