KSE Top - Pakistan Petroleum Limited (PPL)

A monthly publication of Pakistan Petroleum Limited
Vol.LIX No.7
February 2015
59th year of
publication
A
tripartite Memorandum of
Understanding (MOU)
was signed between
Pakistan Petroleum Limited
(PPL), Oil and Gas
Development Company Limited
(OGDCL) and Turkish
Petroleum Anonim Ortakligi
(TPAO) in Islamabad on
February 17 at a simple event
presided over by Prime Minister
Mian Muhammad Nawaz Sharif
and his Turkish counterpart
Ahmet Davutoglu.
PPL, OGDCL &
TPAO sign MoU
The documents were signed
and exchanged by Secretary
Petroleum and MD and CEO
Arshad Mirza representing the
two local companies and
President and Acting CEO,
TPAO Besim Sisman on behalf
of the Turkish oil and gas major.
A PPL initiative led by the
Business Development
Function, the MoU is one of ten
accords inked between the two
countries on the occasion to
enhance bilateral cooperation
for exploration and production
activities for mutual learning
and business benefit.
The memorandum will also
enable the three national
25
KSE
Top
INSIDE
(left to right) President and Acting CEO, TPAO Besim Sisman and Secretary Petroleum and MD and CEO Arshad Mirza exchange
documents presided over by (back left to right) Turkish Prime Minister Ahmet Davutoglu, Prime Minister
Mian Muhammad Nawaz Sharif and Adviser to the PM on National Security and Foreign Affairs Sartaj Aziz
2
Turning up
the heat
3
Managing
risk
P
companies to tap farm-in/ out
opportunities in existing
exploration licenses under swap
arrangement, joint bidding in
upcoming domestic and
international rounds as well as
exploration and development of
Pakistan’s offshore blocks. n
akistan Petroleum Limited (PPL) retained its position among
Karachi Stock Exchange’s ‘Top 25 Companies’ for 2013. This is
the eighth consecutive year PPL has been on the list.
Companies featuring on the list are selected annually on the basis of a
comprehensive criterion, which includes managerial and financial
performance, dividend payout, capital efficiency, profitability, free-float
of shares, transparency and investor relations besides compliance with
listing regulations and good corporate governance. n
4
MRP implemented
across company
locations
6
Annual Awards
11
Adhi Plant III
project clocks
one million safe
man-hours
12
Way ahead
T
o optimize production and
reserves replenishment,
Pakistan Petroleum
Limited (PPL) has turned up the
heat to expedite drilling targets
ahead of schedule by deploying
a mix of latest technology and
processes across its operational
areas.
The momentum is clearly
evident in Gambat South
Block, where the seventh
exploratory well Faiz X-1
reached target depth of 3564
metres (m) in 45 days,
improving on the 47-day
drilling period at the previous
well Kinza X-1, setting a record
for the shortest drilling
timeframe among all wells ever
drilled in the Lower Indus
Basin. This was achieved by
using power drive Rotary
Steerable System (RSS) and
Polycrystalline Diamond
Compact (PDC) bits on the one
hand and minimizing
nonproductive time on the
other.
At Adhi Field, concurrent
drilling of development wells
Adhi-20 and Adhi-21 in the
Tobra and Khewra (T/K)
formations was completed
much ahead of schedule,
resulting in an estimated cost
Turning up the heat
saving of about USD 8 million.
Similarly, Adhi-22, the first
directional well in the same
On the spud front
N
asr X-1, the eighth exploratory well at company-operated
Gambat South Block was spud on February 17 to test
hydrocarbon potential of Basal and Massive Sand units of Lower
Goru formation. The well is scheduled to be drilled to a target depth of
3737 metres (m) and will take around three months for completion.
Two 3D seismic surveys were carried out in Gambat South, earlier
with recording of the second one concluding in March 2014. As a
result, additional drillable prospects have been identified and are in the
process of being firmed up for drilling.
Earlier, Kotri North X-1, the first exploratory well in Kotri North Block
was spud on February 3. The block is located over the Lakhra Uplift in
the western part of the prospective Sindh Platform in Lower Indus
Basin, straddling Jamshoro, Matiari, Thatta and Hyderabad districts.
The well is planned to be drilled to a target depth of 3632 m over
the next four months to test hydrocarbon potential of Lower Goru and
Sembar formations. In addition, data will also be acquired to
evaluate tight and shale gas potential of the block.
About 600 line kilometres 2D seismic data was acquired in
Kotri North Block, leading to identification of two prospects,
one being Kotri North X-1. Preparations are underway to drill
the second exploration well within the block.
In continuation of the ongoing field development
programme to increase production from PPL-operated
Adhi Field, development well Adhi-23 was spud on
February 26 for completion in the Tobra and Khewra
formations. The well is planned to be drilled to a
depth of 3442 m, which will take an estimated
10 months. n
2
formations, was also
completed 100 days before
target date. Early completion of
Rig at Nasr X-1
these development wells was
made possible by
implementing methodology of
risk prevention in place of
mitigation in addition to
optimization of bit
performance, use of improved
mud system infused with loss
control material and mud motor
in the latter section of wells.
The company deployed PDC
bits with RSS for the first time at
Kandhot Gas Field for Kdt32(M), successfully drilling the
longest lateral section of almost
500 m with a constant hold-on
inclination of 87° in the Sui Main
Limestone reservoir.
In a bid to tap unexplored
acreage in Balochistan, PPL
successfully drilled two wild cat
wells – Aro Khan X-1 and Karkh
X-1 – in Barkhan and Khuzdar
blocks, respectively, and is
currently drilling a high
pressure-high temperature ultradeep exploratory well with target
depth of 5974 m, using RSS, oilbased mud and underreamers,
at Dhok Sultan Block, which
straddles Khyber Pukhtunkhwa
and Punjab provinces.
Looking ahead, the company
will be focusing on exploiting
unconventional reservoirs with a
tight gas well planned in
Gambat South in the second
quarter, among others. n
February 2015
Managing risk
W
ith most organizations
operating in an
uncertain business
environment, Enterprise Risk
Management (ERM) can play a
crucial role in effectively
identifying, assessing and
containing this uncertainty factor
within acceptable parameters, in
turn, achieving returns that
meet, or even exceed,
stakeholder expectations.
In line with efforts to
implement ERM best practices
at Pakistan Petroleum Limited
(PPL), a workshop, facilitated
by noted international expert
Christopher Whittle was
organized for selected Risk
Champions and heads of both
technical as well as nontechnical functions on February
20 at Mövenpick Hotel, Karachi.
The programme was
especially geared to addressing
practical ERM implementation
challenges. As such, participants
were briefed on how to negotiate
or avoid potential pitfalls and
determine optimal management
techniques for success. Practical insights and
guidelines were also shared
along with hands-on experience
in risk identification with special
focus on assessment
Step into the light
From the Editorial Desk
A
midst the deepest tragedy sometimes descends a beam of
light, much like a benediction renting the darkness. As it has,
following the heinous December 16, 2014 attack on a
Peshawar school that claimed 141 innocent lives, including that of
132 uniformed children.
The source of illumination, in this instance, is the citizen web
movement known as 141schools.org, now registered as a
Canadian not-for-profit organization.
It all began when 33-year-old Pakistani-Canadian Zaki Patel
heard about the attack. In the cascade of fury and despair coursing
through social media, he came across a tweet suggesting the best
way of channeling popular sentiment constructively would be to
build one school each for every victim of the tragedy.
Sold on the idea, Patel shortly created a webpage to gauge
interest of others. The suggestion clearly touched a nerve: within
three days he received some 15000 responses with generous
offers of cash and in-kind donations as well as volunteer service.
It was then that Patel pitched for collaboration with The Citizens
Foundation (TCF), which has extensive infrastructure and outreach
in the education sector. TCF wasted no time in joining hands and
committing to taking the idea forward. So was birthed
141schools.org.
Thanks to overwhelming pledges pouring in since then from
February 2015
Enterprise Risk Management Expert Christopher Whittle (centre front row) with participants
techniques. Risk treatment
options and the effective use of
risk registers were also dealt
with in detail. n
across the globe, the project has steadily gained momentum and
entered its execution phase. In fact, TCF has already received
commitments for two schools, construction process for which
has begun.
Beyond the brick-and-mortar work, 141schools.org has spawned
a global community rallying around the common cause of
education irrespective of geography, race, religion and politics,
replacing despair with hope, anger with purpose. “This is a defining
moment in Pakistan’s history,” says Chief Executive Officer, TCF
Syed Asad Ayub Ahmad. “With the formidable challenges facing the
nation, we passionately believe that only education has the power
to enlighten minds and unleash the potential of every Pakistani.”
Step into the light. n
For Correspondence:
Editor, Progress
Pakistan Petroleum Limited,
4th Floor, PIDC House, Dr. Ziauddin Ahmed Road,
P.O. Box 3942,
Karachi 75530, Pakistan
Email: [email protected]
Website: www.ppl.com.pk
UAN: 111-568-568
Fax: 92-21-3568-0005 & 3568-2125
Design and Production:
Corporate Communications Department
Photography: Abdul Hannan
3
2D seismic completed
at Nausherwani
T
he company’s
exploration team
completed 2D seismic at
Nausherwani Block, located in
remote areas of Kharan and
Washuk districts in
Balochistan on February 28
•
with acquisition of 644 line
kilometres (L.Km) of good
quality seismic data.
Recording began in August
15, 2014 with average daily
production of around 3.7 L.Km
with vibroseis source in
extreme weather condition and
desert terrain. Data processing
is already underway since
January and is expected to be
completed around July.
Nausherwani is one of the
blocks granted in February last
MRP implemented across
company locations
Vibrators at work during the survey
year. Among others also
granted around this time,
seismic surveys have been
completed in Malir and Karsal,
is ongoing in Shah Bandar
Block and about to be initiated
in Bela West. n
T
o further procedural
automation in line with
best industry practices,
Information Technology and
Material and Contracts jointly
implemented Materials
Requirement Planning (MRP)
at several locations across the
company.
A critical SAP functionality to
ensure optimal replenishment
of in-stock Maintenance,
Repair and Overhaul material
for prompt plant and
equipment maintenance, MRP
eliminates manual stock
monitoring and procurement
requisitions, in turn enabling
uninterrupted production.
The process got underway
with pilot deployment at Sui
Field Hospital in November
2013 followed by regular
workshops at different
locations to achieve buy-in of
plant users and store officers.
Realizing the potential and
associated business benefits,
store officers at Sui Purification
and Adhi Field volunteered to
deploy MRP, implementation of
4
(clockwise) DBA Shahzad Shakoor, ASO Jawed Ghani, CSO Bilal Ahmed, DCBA Faraz Ahmed and TrBA Manoj Kumar during a
MRP project meeting at the head office
which was carried out in April
and May 2014, respectively. The
functionality was subsequently
rolled-out starting with Sui
Production in July 2014, Sui
Field Gas Compressor Station
in September of the same year
and a month later at Kandhkot
Field Gas Compressor Station
and Production. To date, there
have been more than 85 MRP
runs, generating over 7500
purchase requisitions across
several company store
locations.
Thanks to this effort, store
officers can now focus on
inventory management and
optimization just as end-users
have more time available to
spend on process and data
quality improvement rather
than material availability and
follow-up. n
February 2015
Board of Directors
Note of hope
K
The Board of Directors met at the head office on January 29. (clockwise) GMF and CFO Kamran Wahab Khan, Imtiaz
Hussain Zaidi, Muhammad Ashraf Iqbal Baluch, Nadeem Mumtaz Qureshi, Chairman Waqar A. Malik, Shahbaz Yasin
Malik, Asif Baigmohamed, Aftab Nabi and Company Secretary Saqib Ahmed were present at the meeting.
Saeedullah Shah and MD and CEO Arshad Mirza participated from Islamabad through video conferencing
Board Audit Committee
PPL Audit Committee met at the head office on January 28. (clockwise) HIA M. Arshad Siddiqui, Nadeem Mumtaz
Qureshi, Muhammad Ashraf Iqbal Baluch and Aftab Nabi were present on the occasion whereas Saeedullah Shah
participated in the meeting from Islamabad through video conferencing
Women — front and centre
P
akistan Petroleum Limited
co-sponsored two
conferences focusing on
achievements of working women.
Pakistan Society for Training
and Development (PSTD) hosted
its annual ‘Women in Business
and Leadership Conference’
(WIBCON) at Mövenpick Hotel,
Karachi on February 24.
The event, attended by over
300 women professionals from
across the country, included
talks and panel discussions
revolving mostly around the
theme ‘The Courage to Change’
by speakers in senior
management roles at leading
organizations as well as industry
experts such as, President, First
Women Bank Tahira Raza,
February 2015
Director Foods, Unilever
Pakistan Limited Fariyha
Subhani, Managing Director, Pak
Brunei Investment Company
Ayesha Aziz and President and
CEO, Engro Corporation
Mohammad Aliuddin Ansari.
“With WIBCON 2015, PSTD
continues to work towards
changing perceptions and
encouraging
leadership roles
for women to
bring about
societal change,”
said President,
PSTD Aamir
Niazi, in his
opening remarks
at the conference.
He termed the
event as a day of inspiration,
reinvention and networking.
Deputy Governor, State Bank
of Pakistan Saeed Ahmad, who
also spoke at WIBCON, shared
the same sentiments, adding
that women’s role was pivotal in
enhancing economic well-being
of the country.
Other speakers explored the
arwan-e-Hayat (KH)’s
annual fundraiser
‘Umeed-e-Sahar ki Baat
Suno: Songs of Hope and
Freedom’, a musical
performance under the able
stewardship of acclaimed
composer Arshad Mahmud
presented by National
Academy of Performing Arts
students and musicians, was
held between February 21
and 22 at Indus Valley School
of Art and Architecture.
Along with other corporate
supporters, Pakistan
Petroleum Limited cosponsored the well-received
event attended by 800 guests,
who were regaled by the
inspirational verse of poets
such as Faiz Ahmad Faiz.
A not-for-profit organization
providing treatment and
rehabilitation to deserving
psychiatric patients free of
cost or at highly subsidized
rates, KH began work in 1983
in a small outpatient clinic in
Punjab Colony, Karachi.
Thanks to its management
and supporters, KH has since
then acquired two more
facilities – a 100-bed hospital
in Keamari and a Community
Outreach Clinic in Korangi –
and annually treats an
estimated 45,000 patients. n
shift in the gender landscape
accruing from more women
joining the workforce and greater
acceptability regarding their
enhanced role.
Earlier, New World Concepts
organized International Women
Leaders’ Summit themed
‘Explore, Energise and Enhance
Success’ on February 11. The
conference brought together
leading women professionals
and entrepreneurs from around
the world working in diverse
fields such as medicine,
government and entertainment to
share their experiences with
participants.
The forum concluded that
women everywhere could be
drivers of change and progress,
as they have the potential to
enhance their own economic
positioning as well as that of
their community. n
5
A
nnual Awards 2014-15
for head office- and
West Wharf-based staff
was held on February 7 at the
Marquee, Pearl Continental
Hotel, Karachi and drew a
large number of current and
retired staff along with their
spouses.
The event is an annual feature
hosted by Human Resources to
recognize loyalty, commitment
and outstanding
accomplishment of employees
by giving long service and
performance excellence awards.
On HR’s behalf, MIR Khalid
Waheed Khan welcomed
guests and spoke on major
milestones achieved by the
function, followed by a brief
overview of the programme for
the evening, which included a
Annual
Awards 2014-15
(left to right) GMF and CFO Kamran Wahab Khan, former GMCS Rizwan Hafeez Qidwai
and GM Projects Ghulam Farooq Maniar
(left to right) MIR Khalid Waheed Khan
and GMHR Masroor Ahmad
Humera Arshad
Striving for Excellence
T
he Performance Excellence Award (PEA)
scheme recognizes outstanding performance
by employees both in the tangible and intangible
category. Achievements resulting in measurable
savings to the company on account of cost of
labour, supplies, equipment, energy and time fall
under the tangible category. The intangible
DCE (Elect)
ME (E3) SGeol
DBA Nayab
category, on the other hand, is for outstanding
Maqsood Ahmad
Syed Firasat Shah
Siddiqui
performance that cannot be measured directly but
leads to overall improvement in systems, procedure, environment or working conditions.
Accordingly, DCE (Elect) Maqsood Ahmad received the PEA in the tangible category and ME (E3)
SGeol Syed Firasat Shah and DBA Nayab Siddiqui were winners in the intangible category.
In addition, the contribution of MFO Atta Mohammad Khakwani, E(Prod) Rashid Naseer, SE (Inst)
Amir Channa, SE(D) Muhammad Mohsin Usmani and SE(D) Ahmed Ghaffar, who were nominated but
not selected for PEAs, was recognized through Certificates of Appreciation. n
6
Rahim Shah
“We are in a transformation
phase and must step
outside our comfort zone to
make it meaningful …”
— DMD and COO Moin Raza Khan
Directors Muhammad Ashraf Iqbal Baluch and Aftab Nabi (second and third left)
with their spouses
(left to right) GMCS Sultan Maqsood, MHR Shaikh Waqar Ahmed and DCIRO Valeed Ali
Vice President Pakistan Petroleum Workers Union Mohammad Arif (third left)
with colleagues
brief speech by Vice President,
Pakistan Petroleum Workers
Union (PPWU) Mohammad Arif,
February 2015
a speech by
DMD and COO
Moin Raza
Khan,
distribution of
awards and
dinner ending
with a music
programme.
The
proceedings
began with a
recitation from
the Holy Quran
by Sr. Asst Zafar-ul-Haq
followed by Arif reiterating
PPWU’s commitment to
S
peaking extempore, DMD and COO Moin Raza Khan gave
an informed speech on the occasion, tracing the
company’s recent trajectory, highlighting challenges and
suggesting how best to meet them. “I would like to say the last
couple of years were volatile yet eventful, taking PPL forward
to becoming a fully integrated Exploration and Production
(E&P) company. We made a whole series of new oil and gas
discoveries and initiated high-value projects. And we made key
strategic choices that strengthened the value of our business
portfolio. All this was made possible due to teamwork by the
core and support functions under the supervision of an able
management.”
The company, said Khan, was going through a
transformational phase during which it is important for staff to
step outside their comfort zone and come up with innovative,
value-add ideas and solutions to make a difference. “If we
apply this strategy to a portfolio where the watchwords are
‘quality’ and ‘enhancement’ – matching enhanced high-quality
performance to enhanced high-quality assets – we will be able
to make this transformation meaningful.”
In this context, he particularly outlined PPL’s role as a public
sector organization in supplementing the government’s efforts
to bridge the prevailing energy crisis as reflected not only in the
revision of its production targets but also in execution of the
company’s corporate social responsibility programme to fuel
sustainable development of the country.
Despite these challenges, he expressed full confidence in
the company and staff to deliver on commitments. “PPL’s
stability can be gauged by how far we have come: starting from
three operated producing fields in 1989 – Sui, Kandhkot and
Adhi – to our current 30 producing assets and discoveries
besides 47 exploration blocks, totalling an E&P portfolio of 77.”
Khan concluded by thanking the Board of Directors and
welcoming the new MD and CEO-designate Syed Wamiq
Bokhari, who, he added, “is a thoroughbred E&P professional
who will surely steer the company through his international
leadership experience.” Similarly, Khan lauded retired MD &
CEO Munsif Raza and Khalid Rahman as well as ED Asim
Murtaza Khan for their contribution to the company’s growth. n
7
support and work with the
management in taking the
company forward. He also
urged management to
reciprocate accordingly by
investing further time and effort
in ensuring well-being of
employees.
Later, Moin Raza Khan, GMP
Syed Kaleem Akhtar and GMF
and CFO Kamran Wahab Khan
distributed long service awards
among 68 employees on
variously completing 15, 20, 25,
30 and 35 years of service with
the company. Moin Raza Khan
also gave performance
excellence awards and
certificates of appreciation for
outstanding merit to staff.
The entertainment segment
was emceed by popular satirist
and television host Abdul
Hakeem Nasir who kept the
Long Service Awards
guests regaled with his wit
and tongue-in-cheek comments.
Singer Humera Arshad’s folk
tunes and Rahim Shah’s
popular Pushto numbers were
also received enthusiastically as
was the LED light dance
performance. n
35 Years
Administration
Material & Contracts
Shaikh Mohammad Kaleem
Syed Azhar Ali
Administration
Harjiwan
Compression - (H.O)
Fazal Elahi
Material & Contracts
Mohammed
Arshad Siddiqui
Design & Construction Material & Contracts
Compression - (H.O)
Finance
Ayaz Ahmed
Drilling Operations
Muhammad Abu Bakr
Head Quarter
Maintenance
Mohammed Arif
30 Years
Finance
Commercial & Supply Chain
Sadiqain Haider
Javed Siddiqui
Rosemary
Fernandes
Human Resources
Rao Azmat Ali
Khan
Finance
Mohammad Taufiq
Mohammad
Jawed Ghani
Material &
Contracts
Material &
Contracts
Iraq Office
Internal Audit
Abdul Wahid
8
Yasmeen Muntazir
Zaidi
Finance
Syed Mahmood
Shah
Security
Mohammad Arfeen Khan
Internal Audit
Internal Audit
Prince Najmi Irshad Abdul Aleem Malik Wasi Ahmed
DMD Office
Abid Mahmood
Material & Contracts
Haseen Ahmed
Syed Javed Zahoor Khursheed Anwar
Mohammad Rafi Nanji
Khan
Administration
Head Quarter
Maintenance
Material &
Contracts
Syed Arshad Ali
Material & Contracts
Mir Ali Raza Rizvi
Mohammed
Ashraf
Head Quarter
Maintenance
Design & Construction
Mohammad Abdul Qadir (Late)
February 2015
25 Years
Compression Project
Projects
Administration
Shahid Saadat
Mohammad
Aslam Khan
Finance
Administration
Anwar Habib Siddiqui
Joint Operations
Sagheer Hussain
Ghulam Farooq Maniar
Finance
Syed Asim Alam
Finance
Naveed Ahmed Jilani
Industrial Relations
Nadeem Afaq
Mohammad
Asad Khan
Industrial Relations
Internal Audit
Abdul Israr
Muhammad Afzal Siddiqi
Human Resources
Joint Operations
Masroor Ahmad
Syed Intesar
Abbas Rizvi
Industrial Relations
Syed Muniruddin
Operational Technical Internal Audit
Support
Farida N. Wadia
Habib Sarfaraz
Finance
Finance
Finance
Internal Audit
Material & Contracts
Administration
Nadeem Akram
Danish Shafique Burney
February 2015
Muhammad
Aslam
Muhammad Ziaul-Bari Qureshi
Human Resources
Kamran Wahab Khan
Finance
Finance
Administration
15 Years
Finance
Zahid Ullah Khan
Faseehuddin A.
Ansari
Syed Ali
Mohtashim Zaidi
Reservoir Engineering
20 Years
Joint Operations
Internal Audit
Muhammad Nawaz Irshad Ahmed
Internal Audit
S. M. Asad Jaffri
Mohammad Mazheruddin
Syed Sajid
Muhammad Shahid Siddique
Abdul Rehman
Design &
Construction
Murtaza Bugti
Administration
Burhan Khaliq
Land & Licences
Abdul Ateeq Khan
Material & Contracts
Sarfaraz Ali Khan
Muhammad Irfan
Khan
Administration
Material & Contracts
Muhammad Irfan
9
Safety Circuit
A
workshop on electrical
safety was organized by
Training and Development
at Sui Gas Field (SGF) between
January 26 and 28 with Chief
Executive Officer, Strategic
Management Services Saman
Khalil – the first Pakistani
woman to be accredited by
Register of Certificated Auditors,
UK for Quality, Health, Safety
and Environment training
globally – as facilitator.
As the workshop was geared
to those working close to
electrical systems rather than
electricians, Khalil gave an
overview of various aspects of
electrical safety in line with
Occupational Health and Safety
and other work environmentrelated guidelines.
This was followed by an
introduction to electrical
hazards and injuries, static
electricity, control measures for
electrical equipment, electrical
protective systems and
inspection, testing and
maintenance strategies.
Khalil also discussed practical
aspects such as classification
Up to speed
P
Cut to the chase
T
raining and Development organized a two-day workshop on
effective business writing at Pakistan Society for Training
and Development, Karachi between January 22 and 23
attended by over 20 employees.
“Effective business writing is concise, accurate, unambiguous,
logical and easily
understood,” said
Senior Consultant,
Learning Minds Group
Feryal Zahid, who
facilitated the
workshop. Accordingly,
she shared tips on
developing clarity,
purpose and brevity in
AGO Ayaz Ahmed Jafri receives a certificate from
business writing on the
ML&D Naveeda Mahmud
premise that no one in
the contemporary business environment has the time to read
long-winded, convoluted letters or emails that are unable to
convey the message simply and directly. n
10
and maintenance of hazardous
areas and installation of
explosion-protected equipment
and wiring systems. n
rovided it is based on
realistic objectives and
carried out equitably and
transparently, performance
appraisals can boost
productivity and morale on the
one hand and decrease
absenteeism and turnover on
the other.
Given its direct impact on
work environment and output,
Training and Development
organizes regular workshops on
objective setting and appraisals
as it did between January 28
and 29 for 22 employees at Sui
Gas Field.
Facilitated by Fauzia Kerai
Khan of ExecuTrain and ML&D
Naveeda Mahmud, the objective
of the workshop was not only to
raise awareness regarding
performance management and
its role in staff development and
career progression but also to
build capacity of staff to set
SMART – Specific, Measurable,
Attainable, Realistic and Timely
– objectives linked to
organizational goals and carry
out fair and constructive
evaluations, providing corrective
feedback and follow-up after
the process. n
Trainer Fauzia Kerai Khan with participants
February 2015
ENERGY BRIEFS
Prime Minister holds talks on
TAPI project
P
The Senate Standing Committee on Petroleum and Natural Resources
chaired by Senator Mohammad Yousaf met at the head office on
February 19. (left to right) Secretary Petroleum and MD and CEO Arshad
Mirza gives a memento to Yousaf . (left to right) GMCS Sultan Maqsood,
MCD&L Muneer Kamal Jadun, ED Asim Murtaza Khan and GMHR
Masroor Ahmad are also present
Adhi Plant III project
clocks one million
safe man-hours
P
resson Descon
International (Private)
Limited (PDIL), project
coordinator of Adhi Liquefied
Petroleum Gas/ Natural Gas
Liquid Plant III, hosted an event
on site to mark the completion
of one million safe man-hours
with Zero Loss Time Injury (LTI)
(left to right) Site Manager, PDIL Sharafat
on February 24, attended by
from SM (QHSE)
SM (QHSE) Rehan Mohiuddin Hussain receives a memento
Rehan Mohiuddin Ahmed
Ahmed along with SE (HSE) S.
Danish Ali, MCP Sagheer
Ahmed, who also spoke briefly
Hussain and AE (Pr) Arsalan
at the event, emphasized the
Shaikh from head office.
importance of reporting near
Speaking on the occasion, Site
misses to establish authenticity
Manager, PDIL Sharafat Hussain
of LTI free safe man-hours as per
appreciated the presence of PPL
international norms. He
staff on the grounds that it not
congratulated PDIL staff on this
only boosts morale but also
landmark achievement and
underscores the significance of
encouraged them to aim for two
Health, Safety and Environment
million safe man-hours at Adhi
practices and standards by both
Plant III project site with the
organizations.
same enthusiasm. n
PPL People
Retirements
n
n
n
M. Imamuddin Siddiqui, Deputy
Engineer (Electrical), Sui Field
Gas Compressor Station, retired
with effect from February 1, after
25 years of service
Lal Bakhsh, Sweeper, Sui Gas
Field, retired with effect from
January 31, after 25 years of
service
Sabzal, Sweeper, Sui Gas Field,
retired with effect from January
26, after 25 years of service
Births
n
A girl, Aeera Khan, was born to
February 2015
n
n
n
n
Sumair Khan, Assistant/
Computer Operator, Design and
Construction, on February 18
A boy, Muhammad Aayan, was
born to Shakil Ahmad, Technician
(Shift), Sui Gas Field, on
February 8
A boy, Suleman Haider, was born
to Zaheer Tahir, Human
Resources Officer, Human
Resources, on February 2
A girl, Inaya, was born to Said
Khan, Assistant System Officer,
Sui Gas Field, on January 23
A girl, Anam Zehra, was born to
S. M. Ali Haider, Assistant Stores
Officer, Material & Contracts, on
December 20, 2014
rime Minister Nawaz Sharif chaired a meeting on the TurkmenistanAfghanistan-Pakistan-India (TAPI) gas pipeline project at the Prime
Minister’s House in Islamabad on February 12, terming it of vital importance to
regional countries. Director, State Agency for Management and Use of
Hydrocarbon Resources, Turkmenistan Yagshgeldi Kakayev, Minister of Mines
and Petroleum, Afghanistan Daoudshah Saba, Minister of State for Petroleum
and Natural Gas, India Dharmendra Pradhan, Director General, Asian
Development Bank, Manila, Philippines Klaus Gerhaeusser and other senior
officials attended the meeting.
Sharif emphasized that concerned states should take all steps necessary to
start the project as soon as possible as its cost would continue to increase
with the passage of time. “We have pinned a lot of hopes on this project and
want it to be completed as soon as possible.”
Visiting ministers of the member countries shared Sharif’s views of Pakistan
on the importance of the project for the region and called it a win-win for all
concerned.
The participants also agreed that a consortium leader would be finalized soon.
— APP
Oil tops USD 60
O
il rose above USD 60 a barrel on February 13 for the first time this year,
bringing gains to 4 percent, supported by signs that deeper industry
spending cuts may curb excess supply. Also supporting oil, euro zone
economic growth accelerated unexpectedly in the final quarter of 2014 as its
largest member, Germany, expanded at more than twice the expected rate.
The price of Brent crude collapsed from USD 115 in June 2014 to USD
45.19 in January 2015, the lowest in almost six years, due to oversupply.
Since January, mounting signs of lower industry spending have helped prices
rally by more than 30 percent. Apache Corporation, a top US shale oil
producer, said on February 12 it would cut capital spending and its rig count in
2015 following price collapse, keeping its output growth mostly flat.
Brent for April delivery was up USD 1.12 at USD 60.40, after trading at a
high of USD 60.54 earlier in the session.
— Reuters
Higher oil forecasts suggest OPEC
tactics are paying off
T
he world’s three big energy agencies are forecasting higher demand for
Organization of the Petroleum Exporting Countries’ (OPEC) crude oil this
year, a sign the producing nations’ strategy to let prices fall is starting to win
back market share from rivals who are cutting output.
After an oversupply of world oil sent prices tumbling in 2014, top OPEC
exporter Saudi Arabia urged fellow members not to prop up the market and try
to knock out competing sources such as US shale, which, because of higher
production costs, had to cut output due to the fall in prices.
In reports this week ending February 13, the International Energy Agency
and OPEC have raised their estimates of demand for OPEC crude in 2015 by
at least 200,000 barrels per day (bpd). The US government’s Energy
Information Administration forecasts OPEC will pump 140,000 bpd more. At
the same time data suggesting a forthcoming economic recovery has raised
hopes for improving oil demand.
OPEC officials have expressed cautious optimism about price recovery and
noted signs of higher demand. OPEC pumps about 30 million bpd of crude,
roughly a third of the world’s daily requirement. Resultantly, rising demand for
their oil is generally taken as a bullish sign in the oil market.
— Reuters
US oil rig count falls to lowest since
August 2011
T
he number of rigs drilling for oil in the US fell by 84 this week to 1,056, the
lowest since August 2011, a survey showed on February 13, a clear sign
of the pressure that tumbling crude prices have put on oil producers. This was
the second biggest weekly drop on record, according to data going back to
1987, and the tenth straight week of declines, oil services firm Baker Hughes
Inc said in its widely followed report. US oil prices fell nearly 60 percent from June 2014 to late January 2015
due to a combination of oversupplied markets and lacklustre demand, forcing
oil firms such as Apache Corporation and Anadarko Petroleum Corporation to
cut spending.
But prices have rebounded over 15 percent since late January, partly due to
expectations the lower rig count will eventually shrink US production, curtailing
the supply glut. — Reuters
11
PRODUCTION
PPL-operated Fields
January, 2015
Way ahead
Candidates selected for the Extended Internship Programme with PPL and NED management
O
ver 100 internees
enrolled in Pakistan
Petroleum Limited’s
(PPL) Extended Internship
Programme (EIP) completed
their first three months of
academic training at the
Norwegian Center of Excellence
in Petroleum Studies at NED
University of Engineering and
Technology (NED), Karachi on
February 4 and are currently
getting on-job training at different
field locations and offices.
PPL initiated the EIP in
collaboration with NED as a
Corporate Social Responsibility
initiative for capacity building of
young Pakistani professionals
from a cross section of society
with special consideration
for less privileged communities
living in underdeveloped areas
of the country, including those
Mission Vision
P
akistan Petroleum Limited (PPL)
together with Al-Shifa Trust Eye
Hospital (ASTEH), Sukkur held a
four-day free eye camp between February
3 and 6 at District Headquarters Hospital,
Kandhkot for local communities.
Thanks to awareness raising beforehand,
the camp drew some 2500 patients, who
were examined and treated for impaired
vision and other ophthalmological issues.
Besides free glasses for near and distant
vision given to about 1700 patients, 300
cataract surgeries were carried out at the
camp and referred for follow-up at ASETH,
Sukkur, where required.
Earlier, PPL and ASTEH held similar
camps for communities around Mazarani,
Dera Bugti, Adhi and Gambat South,
collectively treating approximately 6500
patients over the last three months.
A regular feature of the company’s
annual community healthcare outreach
efforts, eye camps are organized at all
operational areas. n
12
around operational areas held
by the company and its joint
venture partners.
As outlined in the EIP
agreement, NED is responsible
for managing and leading the
programme in addition to
providing academic training
whereas PPL is obliged to make
available structured practical
training facilities for the
internees. n
Building blocks
A
s part of the infrastructure development
portfolio under its Corporate Social
Responsibility programme, Pakistan
Petroleum Limited (PPL) has constructed two
buildings for Government Girls High School
(GGHS), Miana Mora and Government Boys
Primary School (GBPS), Ghaibi Dero, near
Sui Gas Field
Raw Gas
Average/Day
Balochistan
(Million Cubic Feet)
430
Maximum/Day
437
Adhi Field
Punjab
(Barrels)
NGL Average/Day
2683
Crude Average/Day
LPG Average/Day
GAS Average/Day
3759
(Tonnes)
162
(Million Cubic Feet)
43
Kandhkot Gas Field Sindh
Raw Gas
Average/Day
(Million Cubic Feet)
158
Maximum/Day
185
Mazarani Gas Field Sindh
Raw Gas
Average/Day
(Million Cubic Feet)
5
Maximum/Day
Government Boys Primary School, Ghaibi Dero
Adhi and Mazarani fields, respectively.
Nearing completion, the building at GGHS,
which has a covered area of about 3750
square feet (sq ft), will house three separate
laboratories for physics, chemistry and
biology, facilitating nearly 750 students.
Earlier, the company had also built an
academic block at GGHS with five
classrooms.
PPL has also built and handed over a
building, comprising three rooms fronted by a
corridor together covering 2000 sq ft, to
GBPS. n
5
Chachar Gas Field
Raw Gas
Average/Day
Maximum/Day
Hala Field
Gas Average/Day
2
3
Condensate Average/Day
LPG Average/Day
Sindh
(Million Cubic Feet)
Sindh
(Barrels)
158
(Tonnes)
3
(Million Cubic Feet)
11
February 2015