AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
ISLAMABAD: Pakistan Oilfields Limited (POL) is grappling with significant production challenges due to ongoing gas curtailment issues at the TAL block, as revealed in an analyst briefing session held to discuss the company’s financial results and future outlook.
The company’s earnings dropped to Rs24 billion, a 38% decrease year-over-year, resulting in an earnings per share (EPS) of Rs85 for the fiscal year 2025. During the briefing, POL’s management pointed out that the gas curtailment at the TAL block has adversely affected volumes by approximately 90-95 million cubic feet per day (MMCFD). However, they noted that no such curtailments are impacting the company’s own-operated fields.
Despite these hurdles, POL remains optimistic about the future. The company expects a recovery in gas volumes as curtailments reduce, alongside a projected increase in oil production by 5-6%. This outlook is supported by ongoing drilling and exploratory activities at the Ikhlas block, Pindori lease, and the TAL block.
While these projects are deemed high risk, POL has opted out of participating in the current offshore bidding process. The company’s decision reflects a focus on prioritizing its existing explorations to stabilize production levels amidst the current challenges.