About:
Pakistan Oilfields Limited (POL) is a top oil and gas exploration and production company listed on the Pakistan Stock Exchange (PSX). Founded on November 25, 1950, POL is a subsidiary of The Attock Oil Company Limited (AOC), a pioneer in oil exploration since 1913. AOC made its first oil discovery in 1915 at Khaur, District Attock, setting the foundation for oil exploration in the region.
In 1978, POL took over AOC’s exploration and production business, becoming a key player in the energy sector. The company focuses on discovering and producing crude oil and gas independently and in collaboration with other exploration firms.
POL also manufactures products like liquefied petroleum gas (LPG), solvent oil, and sulfur. Its LPG is marketed under the brand name POLGAS and through its subsidiary, Capgas (Private) Limited. The company operates a pipeline network to transport crude oil to Attock Refinery Limited and holds a 25% stake in National Refinery Limited, the only refinery in Pakistan producing both fuel products and lube base oils.
Key Milestones:
- 1996: Oil and gas discovered at Minwal.
- 1997: Oil and gas discovered at Turkwal.
- 2005: Acquired 25% share in National Refinery Limited.
- 2017: Oil and gas discovered at Ikhlas.
- 2018: Major discovery at Jhandial Well-1 (Punjab’s largest) and Joyamair Deep-1 Well.
- 2020: Hydrocarbons discovered at Pindori-10.
Legacy:
With a strong focus on quality, innovation, and growth, POL continues to play a vital role in Pakistan’s energy sector.
