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Mari Petroluem Company Limited MARI PETROLUEM COMPANY LIMITED CORPORATE PROFILE MARI PETROLEUM COMPANY LIMITED 3RD LARGEST EXPLORATION AND PRODUCTION COMPANY IN PAKISTAN OIL & GAS EXPLORATION FIELD DEVELOPMENT PRODUCTION AND DISTRIBUTION OF HYDROCARBONS PROVISION OF E&P RELATED SERVICES ON COMMERCIAL BASIS MARKET SHARE 2019-20 CONTRIBUTION TO NATIONAL ECONOMY COUNTRY MPCL’S MPCL’S PRODUCT FOOD SECURITY: AROUND 90% UREA PRODUCTION IS OUTPUT OUTPUT SHARE • BASED ON MPCL SUPPLIED GAS • One of the HIGHEST CONTRIBUTERS TO GOVERNMENT GAS (MMCF) 1,317,033 255,387 19.4% EXCHEQUER ON ACCOUNT OF TAXES AND LEVIES • FOREIGN EXCHANGE SAVINGS EQUIVALENT TO PKR OIL & CONDENSATE 28,089,493 589,707 (BBLS) 2.1% 1.2 TRILLION DURING THE LAST 5 YEARS SHAREHOLDERS AND DIRECTORSHIPS SHAREHOLDERS SHAREHOLDING DIRECTORSHIPS Committees of the Board Fauji Foundation 40% 6 AUDIT COMMITTEE OGDCL 20% 3 HR & REMUNERATION COMMITTEE GoP 18.39% 3 TECHNICAL COMMITTEE General Public 21.61% 2 INVESTMENT COMMITTEE Fauji Foundation is amongst the Oil and Gas Development largest business conglomerates in Company Limited is the Pakistan which "Earns To Serve" largest Pakistani oil and gas the interests of ex-servicemen. company, with the It is active in financial services, Government of Pakistan fertilizer, cement, food, power holding 74% stake in the generation, gas exploration, company. It is involved in LPG marketing and distribution, exploring, drilling, refining and financial and security services. selling oil and gas in Pakistan Government of Pakistan GENE0RAL PUBLIC COMMON COMMON DIRECTORSHIP DIRECTORSHIP / ASSOCIATE / ASSOCIATE Pakistan 21 State Oil Co COMPANIES (PSO) SENIOR MANAGEMENT TEAM FAHEEM HAIDER MUHAMMAD ASIF MANAGING TUFAIL AHMED KHOSO GM FINANCE DIRECTOR/CEO GM EXPLORATION MUHAMMAD IJAZ AQIB ANWAR ASSAD RABBANI GM OPERATIONS GM BDC GM CORP AFFAIRS/CS SYED SAJID RAZA MANSOOR AKHTAR GM ADMIN & QASIM NAWAZ GM MSD SECURITY A/GM HR TANWEER AIZAD CONSULTANT RESERVOIR FROM THE LENS OF HISTORY MPCL Major Customers and JV Partners CUSTOMERS JV PARTNERS Engro Fertilizer Ltd MOL Pakistan Oil & Gas Company B.V. (Hungary) KUFPEC Fauji Fertilizer Company Ltd Mirpur Mathello (FFC III) Spud Energy Pty Limited (Australia) Fatima Fertilizer Company Ltd (FFCL) PPL Europe E&P Ltd. (UK) Pakarab Fertilizer Limited Pakistan Petroleum Ltd Foundation Power Company Daharki Ltd Oil & Gas Development Co. Ltd Government Holdings (Pvt) Ltd WAPDA (Guddu Power Station) Saif Energy Limited Sui Southern Gas Company Ltd (SSGCL) Al-Haj Sui Northern Gas Pipelines Ltd (SNGPL) Zaver Petroleum Company (Pvt) Ltd Attock Refinery Limited Orient Petroleum Inc (OPI) SEHCL PRL/PARCO/NRL KPOGCL STRATEGY MPCL VISION, STRATEGY AND IT’S GROWTH Shift in global VISION energy Three growth pillars landscape MPCL envisions becoming an international integrated Optimize core E&P Portfolio exploration and production company by enhancing its professional capacity through highly knowledgeable MPCL’s DRIVERS OF Moves by and talented workforce that builds its petroleum value other E&P proposition STRATEGY reserves by consistently discovering more than what it players Grow the core by expanding produces within Pakistan and abroad; and improving along the gas value chain financial capacity and profitability through efficient operations, while taking environmental safeguards and catering to social welfare needs of the Shifts in communities inhabiting the area of operations. Pakistan’s Complimented by targeted landscape opportunistic investments A. Strategy and Vision To sustainably maximize value and secure long term growth Value Chain Footprint Optimize the E$P core Growth the core with directed diversification Asset portfolio Complimented by targeted opportunistic investments B. Growth avenue partnership model & Geographical footprint Robust business plan incorporating risk and sensitive to different C. Business plan scenarios D. People, Process & Structure Operating Model Organization with the required capabilities to deliver the strategy OPERATIONS HEALTH, SAFETY AND ENVIRONMENT CORPORATE SOCIAL RESPONSIBILITY HSE MANAGEMENT CSR INITIATIVES • TRANSITION TO ISO 45001 TRCF COMPARISON Priority Areas: Health, Education, Water, Sanitation TRCF (WorldWide) • Successful CERTIFICATION AUDIT for Location: IMS/ISMS International Standards ISO 9001 TRCF (REGION ASIA / AUSTRALASIA) TRCF MPCL TARGETS , All operational areas & Islamabad Capital Territory (Quality Management System) 14001 TRCF MPCL (Environmental Management System), The Company introduced a Community Service Program 0.96 0.99 18001 (Occupational Health Safety 0.92 wherein the management employees work with different Assessment Series) and 27001 (Information social sector organizations for providing service to the people. Security Management System) 0.8 • MPCL WON “OVERALL PLATINUM 0.7 AWARD 2019” FOR OCCUPATIONAL 0.6 SAFETY AD HEALTH 0.45 0.4 0.3 0.29 0.11 0.09 2017-18 2018-19 2019-20 GEOGRAPHICAL PRESENCE / MPCL PORTFOLIO Peshawar East Block Kohat Block Ghauri D & PL Bannu West Block Wali West Block Harnai Block Operated Blocks: 11 Zarghun South Karak Block Ghauri Block D & PL Non-Operated Blocks: 6 Block-28 (Local Block: 6, International Blocks:1) Kohlu Block Ziarat Block Kalchas Block Operated D&PLs: 7 Koonj D & PL Mari D&PL Non Operated D&PLs: 4 Sukkur Block Taung Block Hala Block Bela West Block Adam-X, Adam West, Fazl and Bashar D & PLs Sujjal, Sujawal and Aqeeq D & PLs Sujawal Block Acquisition of working interest overseas is in progress Shah Bandar Block EXPLORATION ACTIVITIES IN BANNU WEST AND BLOCK 28 OPENING UP OF BANNU WEST AND BLOCK-28 FOR HYDROCARBON EXPLORATION ACTIVITIES MPCL has achieved a significant milestone by opening up highly prospective Bannu West and Block 28 for exploration activities These blocks were laying dormant for decades Bannu West due to inability of their operators to work in security sensitive and challenging areas • Location of 1st Exploratory Well stacked on ground and preparations are in hand to spud the well in Q2 2021 • Seismic acquisition is complete in Bannu West. In Block 28 acquisition is in progress Exploration drilling is planned in both blocks during 2021 Block 28 MPCL Technical Reserves (AS AT JUNE 30, 2020) Technical Reserves-Mboe Technical Gas Reserves-Tscf Technical Oil Reserves-Mstb 1,546 564,265 4.787 10.908 4,422 773,899 6.120 1,338,164 Original Recoverable Reserves Original Recoverable Reserves 5,968 Original Recoverable Reserves Cumulative Production Cumulative Production Cumulative Production Balance Recoverable Reserves Balance Recoverable Reserves Balance Recoverable Reserves PRODUCTION STATISTICS Gas Production (BSCF) Oil/ Condensate Production Gas Producing Wells (No.) (Barrels) 257 257 253 543,655 159 163 405,055 399,294 135 2017-18 2017-18 2017-18 2018-19 2018-19 2018-19 2019-20 2019-20 2019-20 FINANCIALS FINANCIALS Gross Sales (PKR Billion) Net Sales (PKR Billion) Net Profit (PKR Billion) 72.01 126.85 30.31 117.54 59.45 100.04 24.33 40.67 15.37 2017-18 2017-18 2017-18 2018-19 2018-19 2018-19 2019-20 2019-20 2019-20 COMPANY’S PERFORMANCE INDICATORS (At June 30, 2020) 13.53(USD/ (%) 2.5(USD/BOE) 282 (Bn PKR) 46 BOE) 227(PKR) OPEX+Otx per Total Assets ROIC Net Sales to EPS BOE Production (Bn (CAGR % 19.7 70(%) (Times) 2.7 21(years) PKR) 0.64 last 5 years) Exploration Reserve / Economic EBITDA Margin PRODUCTION Success Rate Production Value Added to Sales GROWTH Exploration & Production Assets MARI – Sindh Province Partners: Field Facts MPCL (100%) Area: 969.27 Sq. KM Discovered in: 1957 Production Started: 1967 Operator: Producing Wells: 146 MPCL Gathering Network: 343 kms Reservoirs: HRL, SM/SUL, PKL, Goru-B Pakistan’s largest remaining gas reserves at a single gas field. Production Uninterrupted gas supply for the last 53 years. 90% urea production in the Country based on Condensate 60 (BPD) Mari Field Gas. Accounts for 95% of MPCL’s hydrocarbon Gas (MMSCFD) 785 production and 89% of the total revenues. Gas and Condensate Daharki, Sindh Interest 100% SUJAWAL – Sindh Province Partners: Field Facts: MPCL (100%) Granted to MPCL: June 21, 2006 Area: 2,416.43 sq. kms Producing Wells: 03 Map Operator: Commencement of Production: March 2, 2013 MPCL D&P Leases: 03 (Sujawal, Sujjal, Aqeeq) Production Condensate 94 (BPD) Gas (MMSCFD) 15 Gas and Condensate Sujawal, Thatta and Interest 100% Badin Districts, Sindh SUKKUR – Sindh Province Partners: Field Facts: MPCL (100%) Granted to MPCL: April 20, 2006 Area: 2,435.40 sq. kms Producing Wells: 01 Operator: Production: Gas: < 1 MMSCFD MPCL D&P Leases: Koonj [Marginal Gas Field] Production Koonj Gas Field Gas (MMSCFD) 1 Sukkur, Khairpur, Larkana, Shikarpur, Jacobabad, Gas Kashmore, Ghotki Districts in Interest 100% Sindh TAUNG – Sindh Province Partners: Block Facts: MPCL (60%) POL (40%) Granted to MPCL: January 31, 2020 Area: 150.67 sq kms − Taung Block was won by MPCL in the 2018 Map Operator: Block Bidding round. MPCL − PCA/EL was singed on January 31, 2020. − Currently, preparations are in-hand to carryout seismic data acquisition in the Production Block Recently Acquired PCA Signing Ceremony N/A District Jamshoro, in Interest 60% Sindh HALA – Sindh Province Partners: PPL (65%) Field Facts MPCL (35%) Granted to PPL: March 9, 2004 MPCL Farmed-in: July 2004 Map Area: 276.17 sq. kms Operator: Producing Wells: 04 PPL D&P Leases: 04 (Adam, Adam West, Fazl, Bashar ) Production Condensate 100 (BPD) Gas (MMSCFD) 20 Gas and Condensate Sanghar and Matiari Interest 35% Districts, Sindh SHAH BANDAR – Sindh Province Partners: Field Facts PPL: 63.0% MPCL: 32.0%
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