Significant Achievements

Major Events/Achievements in 2016/17

S# Event Date
1 Hydrocarbon Discovery at Shaheen-1 in Mari D&P Lease Area
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Feb 2017
2 MPCL Grabs Three (3) Awards in the recently held CSR Awards 2017
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Jan 2017
3 Commencement of Production from Development Well ZS-3 in Zarghun South Gas Field (Bolan Block)
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Dec 2016
4 MPCL’s Annual Report 2015 Wins 4th Position at Best Corporate Report Awards
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Oct 2016
5 MPCL Receives Best Company of the Year (Petroleum Products) Award
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Sep 2016
6 Spud-in of Development Well ZS-3 in Zarghun D&P Lease Area, Balochistan
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Sep 2016
7 MPCL arranges financing of Rs. 9.0 billion from Habib Bank Limited for Exploration and Development Projects
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Sep 2016
8 Gas Discovery at Shahbaz-1 in Mari D&P Lease Area
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Sep 2016
9 MPCL Awarded 2nd Position at the 4th Employer of the year Award
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Aug 2016
10 Early Redemption of Preference Shares by MPCL
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July 2016
11 MSU completes acquisition of 528 sq. km. 3D seismic data in Sujawal Block
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May 2016
12 Commencement of Crude Oil and Gas Production from Halini Deep-1, Karak Block, KPK/Punjab
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May 2016
13 Spud-in of Exploratory Well Sujawal Deep-1 in Sujawal Block, Sindh May 2016
14 MPCL wins 1st prize in the area of Occupational Health Safety and Environment
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May 2016
15 Hydrocarbon Discovery – Exploratory Well Halini Deep-1, Karak Block, KPK/Punjab
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Apr 2016
16 Re-certification for the Integrated Management System consecutively for the 3rd time. Mar 2016
17 The Project for Incremental Gas Production from HRL Reservoir implemented and supply of 60 MMSCF/D gas to TPS Guddu started on trial basis. Feb 2016
17 MSU completed its project of acquisition of 1,079 sq. km. 3D seismic data in Mari Field Dec 2015 17 As part of Production Enhancement Initiative to avail Incentive Pricing, Four Infill Wells at HRL Formation in Mari D&P Lease Area Completed as Gas Producers Nov 2015 18 Commencement of Oil Production from Kalabagh-1A in Karak Block KPK/Punjab within One Month of Drilling Completion Nov 2015 19 The Project on Improving Operational Efficiency and Performance of MPCL Completed by UK Based World Renowned Consultants M/s Renoir Global
Read more Nov 2015 20 Implementation of Production Data Management System Nov 2015 21 Inauguration of Data Center at Head Office Oct 2015 22 Redemption of Preference Shares held by Minority Shareholders of the Company Started within Three Months after Issuance instead of 10 years as per the Terms of Issue Oct 2015 23 Discovery of Gas and Condensate at Fazal X-1 Well in Hala Block, Sindh (Non-Operated) Sept 2015 24 Final Cash Dividend for the year 2014-15 approved by the Shareholders Sept 2015 25 Annual General Meeting of the Company Sept 2015 26 Discovery of Oil, Gas and Condensate at Kalabagh-1A in Karak Block KPK/Punjab
Read more Sept 2015 27 Revised Vision and Mission Statement of the Company Approved by the Board
Read more Aug 2015 28 Revised Management System Procedures (MSPs) relating to HR Policy Manual Approved by the Board Aug 2015 29 Revised Staff Strength and Organogram of the Company Approved by the Board Aug 2015 30 Strategic Business Plan Approved by the Board
Read more Aug 2015 31 Revised Mari GPA Signed with the Government of Pakistan Jul 2015 32 Issuance of Preference Shares as Specie Dividend Jun 2015 33 Declaration of First Interim Dividend for the year 2014-15 Jun 2015 34 Spudding of Exploratory Wells Kalabagh-1A and Halini Deep-1 in Karak Block, KPK/Punjab Feb 2015 35 Commencement of Gas Production from Sujjal-1 Well in Sujawal Block, Sindh Jan 2015 36 Extension in Mari D&P Lease Period Nov 2014 37 Dismantling of Mari Gas Price Agreement and Its Replacement with Market Oriented Formula
Read more Nov 2014

THE COMPANY

Being one of the largest petroleum exploration and production companies in Pakistan, we visualize the earth as something beautiful and mysterious, for it has so many secrets to reveal.

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CONTACT US

21, Mauve Area, 3rd Road,
G-10/4, Islamabad, Pakistan
+92 51 111-410-410
+92 51 2352859
Website last updated: 20th February, 2017