Pakistan Petroleum limited (ppl) Company Profile:
The pioneer of the natural gas industry in the country, Pakistan Petroleum Limited (PPL) has been a frontline player in the energy sector since the mid-1950s. As a major supplier of natural gas, PPL today contributes over 20 percent of the country’s total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas.
The company’s history can be traced back to the establishment of a public limited company in June 1950, with major shareholding by Burmah Oil Company (BOC) of the United Kingdom for exploration, prospecting, development and production of oil and natural gas resources. In September 1997, BOC disinvested from the Exploration and Production (E&P) sector worldwide and sold its equity in PPL to the Government of Pakistan (GoP). Subsequently, the government reduced its holding through an initial public offer in June 2004, which was further decreased with the initiation of the Benazir Employees Stock Option Scheme (BESOS) in August 2009 when PPL employees were allotted 12 percent shares from the government’s equity. More recently, GoP further disinvested its 5 percent shares, around 3.55 percent of the total paid-up capital, in PPL through Secondary Public Offering in 2014. Currently, the company’s shareholding is divided between the government, which owns about 67.51 percent, PPL Employees Empowerment Trust that has approximately 7.35 percent — being shares transferred to employees under BESOS — and private investors, who hold nearly 25.14 percent.
PPL has acquired 100 percent shareholding of MND E&P Limited, a company incorporated in England and Wales. The name of the subsidiary has been changed to PPL Europe E&P Limited.
The company has also established a wholly-owned subsidiary, PPL Asia E&P B.V. with corporate seat in Amsterdam, Kingdom of Netherlands. The subsidiary will focus on exploration and production of oil and gas in the region.
In August 2021, a PPL-led consortium was awarded Offshore Block 5 in Abu Dhabi’s second competitive exploration block bid round. Offshore Block 5 covers an area of 6,223 square kilometers and is located 100 kilometers north east of Abu Dhabi city. The consortium includes four leading national E&P companies, PPL as operator, Oil and Gas Development Company Limited (ODGCL), Mari Petroleum Company Limited and Government Holdings (Private) Limited (GHPL) with an equal shareholding of 25 percent. To this end, a new company Pakistan International Oil Limited (PIOL) has been incorporated in the UAE with PPL as the management shareholder and has entered into the concession agreement with Abu Dhabi National Oil Company.
PPL operates 16 producing fields across the country at Sui (Pakistan’s largest gas field), Adhi, Kandhkot, Chachar, Mazarani, Adam, Adam West, Shadadpur, Shahdadpur West, Shahdadpur East, Zafir, Fazal, Kabir, Hadaf, Dhok Sultan and Benari and holds working interest in 24 partner-operated producing fields, including Qadirpur the country’s second largest gas field.
As a major stakeholder in securing a safe energy future for the country, PPL pursues an aggressive exploration agenda aimed at enhancing hydrocarbon recovery and replenish reserves. PPL together with its subsidiaries has a portfolio of 52 exploration assets of which the company operates 29, including an offshore Block 5 in Abu Dhabi, UAE while 23 blocks, comprising an onshore concession in Yemen, are operated by joint venture partners.
As part of its diversification strategy, PPL has strengthened its mining operations through Bolan Mining Enterprises (BME), established in 1974 with an equal shareholding of 50 percent each between PPL and Government of Balochistan (GoB). To this end, PPL signed a mining lease (ML) deed for Lead and Zinc in District Khuzdar with GoB in December, 2021. According to the ML deed, PPL has been granted a large-scale mining lease over an area of 30 square kilometers for establishment of bayrite, lead and zinc (BLZ) processing/ beneficiation plant in District Khuzdar, Balochistan. The estimated recoverable reserves of BLZ are 69 million tonnes along with 32 years of life after commencement of production.
More recently, the company signed a non-binding framework agreement for the reconstitution of Reko Diq project by Government of Pakistan and Barrick Gold Corporation, PPL, OGDCL, GHPL as well as GoB in March 2022. Reko Diq is potentially one of the largest undeveloped copper-gold mine located in District Chagai, Balochistan.
Over the years, PPL has developed a reliable foundation and infrastructure for providing clean and safe energy through sustainable exploitation of indigenous natural resources while adhering to best practices of corporate governance and employee health and safety and constraining the ecological footprint of its operations. As a result, Sui, Kandhkot, Adhi and Hala, Gambat South and Mazarani assets, Purification Plant, Sui, Sui Field Gas Compressor Station, Sui Production, Sui Field utility, Sui Stores, Sui Field Hospital and Quality, Health, Safety and Environment, Drilling & Well Engineering, Construction, Projects, Production Technology and Medical Services departments stand certified for ISO 9001 Quality Management System.
Similarly, Kandhkot, Adhi and Hala, Gambat South, Mazarani assets, Sui Field Gas Compressor Station, Sui Production, Sui Field utility, Sui Stores, Sui Field Hospital and Exploration, Quality, Health, Safety and Environment, Drilling & Well Engineering, Construction and Projects departments have been certified for ISO 14001 Environmental Management System and ISO 45001 Occupational Health & Safety Management System. Purification Plant, Sui, is also certified for ISO 45001 Occupational Health & Safety Management System.
PPL has played a significant role as a responsible corporate citizen since the inception of its commercial activities in Sui by establishing the Sui Model School in 1957 for children of workers and local communities. In order to ensure geographical and thematic diversity, the company’s CSR programme focuses on education, health, infrastructure development and socio-economic uplift of disadvantaged communities living in and around its operating areas as well as other parts of the country. More recently, the company also initiated Corporate Donations programme to reach deserving population in urban areas.
Pakistan Petroleum Limited (PPL) employs around 2,700 staff stationed at various office and operational locations across the country. As one of the oldest Exploration and Production (E&P) companies that is focused on growth, PPL provides excellent long-term career prospects, a merit-based and enabling working environment and professional opportunities for both experienced and fresh graduates.
PPL aims to recruit competent professionals who demonstrate the required knowledge and skill base to fulfil the organization’s strategic objectives. The company provides equitable opportunities to all staff on the basis of merit and suitability regardless of gender, race, ethnic origin, religion or social background.
The company believes in not only attracting talented individuals but also enhancing their skills through training and mentoring and providing motivation through an equitable reward system. PPL invests heavily in staff development by structuring personalized development plans. PPL employees are encouraged to develop and improve core technical and soft skills and keep abreast of developments in E&P technology.
The company prides itself in sustaining a corporate culture conducive to creativity and initiative and responsiveness to change according to emergent business needs.
Working at PPL
PPL staff is challenged to fulfil the company’s commitment to qualitative growth in compliance with best practices of good corporate governance, international Health, Safety and Environment standards and responsibility to all stakeholders.
The company keeps its staff reasonably stretched to achieve corporate objectives and provide a sense of professional satisfaction. PPL staff is expected to contribute towards the business success through creative skills, knowledge base and experience.
Line managers also work to optimize employees’ performance and career development by providing varied and challenging assignments and extending learning opportunities by identifying areas of improvement and additional professional enhancement.
PPL aims to recruit competent professionals who demonstrate the required knowledge and skill base to fulfil the organization’s strategic objectives. The company provides equitable opportunities to all staff on the basis of merit and suitability regardless of gender, race, ethnic origin, religion or social background.
The company believes in not only attracting talented individuals but also enhancing their skills through training and mentoring and providing motivation through an equitable reward system. PPL invests heavily in staff development by structuring personalized development plans. PPL employees are encouraged to develop and improve core technical and soft skills and keep abreast of developments in E&P technology.
The company prides itself in sustaining a corporate culture conducive to creativity and initiative and responsiveness to change according to emergent business needs.
Working at PPL
PPL staff is challenged to fulfil the company’s commitment to qualitative growth in compliance with best practices of good corporate governance, international Health, Safety and Environment standards and responsibility to all stakeholders.
The company keeps its staff reasonably stretched to achieve corporate objectives and provide a sense of professional satisfaction. PPL staff is expected to contribute towards the business success through creative skills, knowledge base and experience.
Line managers also work to optimize employees’ performance and career development by providing varied and challenging assignments and extending learning opportunities by identifying areas of improvement and additional professional enhancement.
Compensation & Benefits
PPL offers competitive salaries, benefits and facilities in line with current market trends and ensures that individual contribution is amply recognized and rewarded. Remuneration packages are reviewed regularly based on employee performance.
Recruitment
PPL has a merit-based transparent system for recruitment which adheres to the best practices in a changing and challenging environment. Hiring is premised on recruiting individuals with potential to become future corporate leaders. As such, candidates have to be proactive, adaptable and innovative team players with demonstrated knowledge and managerial skills to fulfill the organization’s strategic objectives.
If you are seeking an exciting career with PPL, kindly keep on checking newspapers/ our website for job advertisements.
Jobs Available
General Manager Production/Asset Operations
Qualification & Experience: Bachelor’s or master’s degree in petroleum, mechanical, chemical, or a related engineering discipline from a university recognized by the Higher Education Commission of Pakistan. The candidate must have at least 20 years of experience in the oil and gas industry, including a minimum of 15 years in production and engineering roles, with at least 8 years in management positions.
Job Responsibility: This position directly reports to the COO and be fully accountable to oversee both operated and partner-operated assets, ensuring alignment with the company’s vision and mission. Furthermore, develop and implement strategies for efficient, effective, and safe operations with optimize production while managing risks and ensuring regulatory compliance. The position will oversee annual business planning & budgeting and develop policies and formulate robust functional strategies.
Job Profile/ Specifications: 1) Able to oversee Asset Heads/Managers to optimize uninterrupted production and sales across all producing assets. 2) Apply fit-for-purpose technology and resources. 3) Able to monitor performance, production, and development plans according to approved joint venture programs and budgets. 4) Able to develop short- and long-term strategic goals, production strategies, and proposals for improving and expanding production and infrastructure. 5) Able to optimize operating and capital costs within approved budgets through strict controls, asset management, and efficient resource allocation. 6) Ensure timely execution of field development plans cost-effectively, reducing lifting costs and making sensitive decisions to avoid interruptions and shutdowns. 7) Able to build and lead a team of competent professionals while ensuring implementation and compliance with QHSE policies and regulatory requirements. 8) Represent the company in various industry, institutional, and professional forums, as well as with regulators and ministries.
|
General Manager Production/Asset Operations
Qualification & Experience: Bachelor’s or master’s degree in petroleum, mechanical, chemical, or a related engineering
Job Responsibility: This position directly reports to the COO and be fully accountable to oversee both operated and
Job Profile/ Specifications: 1)Able to oversee Asset Heads/Managers to optimize uninterrupted production and sales 2)Apply fit-for-purpose technology and resources. 3)Able to monitor performance, production, and development plans according to approved 4)Able to develop short- and long-term strategic goals, production strategies, and proposals 5)Able to optimize operating and capital costs within approved budgets through strict controls, 6)Ensure timely execution of field development plans cost-effectively, reducing lifting costs 7)Able to build and lead a team of competent professionals while ensuring implementation 8)Represent the company in various industry, institutional, and professional forums, as well as |
