Careers & Recruitment

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. 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 fulfill the companys commitment to qualitative growth in compliance with best practices of good corporate governance, international Health, Safety and Environment standards and responsibility to all stakeholders. 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. .

Training & Development

Ongoing enhancement of the knowledge base and skills of staff through a viable, need-based and forward-looking training and development programme is critical for a growth-oriented organization such as Pakistan Petroleum Limited (PPL). To this end, the company has a dedicated Training and Development (T&D) Department in place which works with staff and their line managers to identify training needs and provide capacity building opportunities by engaging competent trainers.

Foreign Scholarships
PPL initiated the Foreign Scholarship Programme nearly five decades back to enable the company to develop a cadre of highly qualified professionals trained in reputed international academic institutions. The programme sponsors students strictly on merit through a transparent screening and selection process with a focus on training geologists and petroleum engineers. The pool of human resource trained under this programme has not only served PPL but also provided qualified professionals for the Exploration and Production (E&P) sector in Pakistan.

Medical Services
Medical Services (MS) works under the Human Resources Function to provide free-of-cost quality healthcare to all company staff and their dependents. The department is staffed by qualified doctors stationed at the head office and field locations to screen patients and provide treatment for common diseases.

INDUSTRIAL RELATIONS The Industrial Relations (IR) Department works under the Human Resources Function. IR is responsible for recruitment, compensation, benefits, appraisals, leave, transfer, grievance handling and other related matters for nonmanagement staff, including both union and non-union employees.

Overview
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 countrys total natural gas supplies besides producing crude oil, Natural Gas Liquid and Liquefied Petroleum Gas.The companys 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. 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 PPLemployees were allotted 12 percent shares from the governments equity. Currently, the companys shareholding is divided between the government, which owns about 71 percent, PPL Employees Empowerment Trust that has approximately 7 percent being shares transferred to employees under BESOS and private investors, who hold nearly 22 percent. PPL operates six producing fields across the country at Sui (Pakistans largest gas field), Adhi, Kandhkot, Chachar,Mazarani and Hala and holds working interest in twelve partner-operated producing fields, including Qadirpur the countrys second largest gas field. 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, Monitoring and Inspection, Design and Construction, Drilling Operations, Joint Operations, Field Operations and Projects departments, Mazarani, Adhi, Kandhkot and Chachar fields, Sui Field Gas Compressor Station, Sui Production, Sui Field Engineering, Sui Purification and Kandhkot Field Gas Compressor Station stand certified for ISO 9001 Quality Management System. Similarly, Kandhkot, Mazarani, Adhi and Chachar fields, Sui Production, Sui Field Gas Compressor Station, Sui Field Stores, Sui Field Engineering and Drilling Operations, Design and Construction, Projects, Health, Safety and Environment departments and Sui Field Hospital have been certified for ISO 14001 Environmental Management System and OHSAS 18001 Occupational Health and Safety Assessment Series. Sui Purification is also certified for OHSAS 18001. 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 2001, the PPL Welfare Trust was founded to provide geographical and thematic diversity to the companys CSR programme, which currently includes 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.

Core Values
Recognize that leadership, empowerment and accountability are essential for corporate success Pursue the highest standards of ethical behaviour and integrity Consider our people as the most important resource Value creation and innovation Committed to excellence in all spheres of performance Work as a team and advocate teamwork Respect the environment and remain committed to its protection

Business Conduct & Ethics

It is a fundamental policy of Pakistan Petroleum Limited (PPL) to conduct its business with honesty, integrity and in accordance with the highest ethical and legal standards. The company has adopted comprehensive Codes of Business Conduct and Ethics (codes) for members of the Board of Directors and employees. The codes provide guidance to help Directors and employees recognize and deal with specific situations that may arise and foster a culture of honesty, accountability and high standards of personal and professional integrity.

Salient Features of the Code for Directors Specific Guidelines for Employees United Nations Global Compact

Vision
To maintain Pakistan Petroleum Limiteds position as the premier producer of hydrocarbons in the country by exploiting conventional and unconventional oil and gas resources, resulting in value addition to shareholders investment and the nation as a whole

Mission

To sustain long-term growth by pursuing an aggressive hydrocarbons exploration and production optimization programme in the most efficient manner through a team of professionals utilizing the latest developments in technology while ensuring that quality is an integral part of all operations and maintaining the highest standards of health, safety and environment protection and addressing community development needs

CSR
Pakistan Petroleum Limited (PPL)s Corporate Social Responsibility (CSR) programme dates back to the start ofPPLs commercial operations in Sui in the 1950s when the company established a school for children of workers and local communities. Since then, CSR has been the centrepiece of PPLs corporate ethos. In 2001, the PPL Welfare Trust (PPLWT) was founded to provide geographic and thematic diversity to the companys CSR programme, which includes education, health, infrastructure development, socio-economic uplift of disadvantaged communities, particularly those living in and around its operating areas, and post-disaster rehabilitation. Need analysis, scoping, planning and execution of CSR projects is carried out through strategic local partnerships. To ensure swift delivery, maximum on-ground impact and sustainability of its social investments, all interventions occur after due consultation and mutual agreement with stakeholders, including community representatives, local governments and non-governmental organizations.

Healthcare
Pakistan Petroleum Limited (PPL) has given priority to health issues of communities living in and around its operational areas as well as other parts of the country. Among PPLs key healthcare initiatives are the Sui Field Hospital and mobile dispensaries in Sui and Mazarani gas fields. But this will change once the PPL Public Welfare Hospital, the companys latest major healthcare project in Sui, becomes operational in a few years.

Education
After Sui Model School, which marked the start of PPLs CSR work back in the 1950s, PPL has continued to promote academic institutions in its operational areas and beyond with a view to educating the younger generation, particularly those belonging to disadvantaged communities, in order to enhance learning, livelihood opportunities and quality of life. Over 50 years later, PPL remains as committed. In terms of informal learning, the company set up a first-of-its-kind computer training centre and library at Sui. To facilitate learning among hearing-impaired children, PPL also donated state-of-the-art Frequency Modular (FM) systems to the Institute for Special Children in Quetta.

Livelihood Generation
Pakistan Petroleum Limited (PPL) believes in empowering marginalized communities through skill enhancement to generate livelihoods. During the last few decades, the company has invested heavily in engaging people in earning livelihoods through sustainable sources of income. Some recent PPL-funded programmes include a handicraft and welfare centre for women at Sui and technical training centres for men at Sui and Adhi.

Infrastructure Development
Since Pakistan Petroleum Limited (PPL)s core business entails working in remote areas for exploration and production of hydrocarbons, the company focuses on developing infrastructure and civic amenities not only for its own use but also for local communities. Besides supplying gas and water to Sui Town, PPL has constructed roads, culverts, installed water tanks and pumps, developed and refurbished and maintained various schools, hospitals and health facilities. These initiatives are undertaken not only in or around PPLs operational areas but also other parts of the country.

Pakistan Petroleum Limited (PPL) aims to achieve operational excellence by incorporating industry best practices and systems, particularly related to HSE, within the organization to enhance efficiency, workplace safety, stakeholders well-being and adherence to local statutory requirements. To this end, PPL has developed various policies to define relevant HSE rules and responsibilities for staff, contractors and other stakeholders who are directly involved in the companys operations. The policies are displayed prominently at all company locations, including head and regional offices and fields. The following policies are observed as part of PPLs operations:

Health, Safety & Environment Policy Smoking Policy Seat Belt Policy

INTERNAL AND EXTERNAL ANALYSIS

Strategic management process involves analysis of both the internal and external environment of the company in order to determine how can it achieve competitive advantage over its competitors, what is its core competency and how will that be achieved. In order to gain internal picture of the organization, swot analysis is generally conducted.

Internal Analysis Strenght: Asset Base Strategic Joint venture Liquidity Position Weakness: Decling market share Non Autonomy Oppurtunity Acquistion of seismic data Expansion of new areas Increasing energy demand Threats:

Political Instbaility Laws and regulations Competitors Limited Geographical Presence

EXTERNAL ANALYSIS
1. Political Factors
Government policies affect the banking sector. Sometimes looking into the political advantage of a particular party, the Government declares some measures to their benefits like waiver of short-term agricultural loans, to attract the farmers votes. By doing so, the profits of the bank get affected. Various banks in the cooperative sector are open and run by the politicians. They exploit these banks for their benefits. Sometimes the government appoints various chairmen of the banks. Various policies are framed by the SBP looking at the present situation of the country for better control over the banks.

2. Economic Factors
Pakistan continues to remain one of the high savings economies among the emerging market economies. Gross Domestic Savings of Pakistan economy constitutes savings of public, private, corporate and household sectors. In the recent period, the high growth performance of the Pakistan economy is driven by rise in savings.

3. Socio cultural factors

Socio cultural factors like taboos, customs, traditions, tastes, preferences, buying and consumption habit of people affect the business. Recent trend is towards the nuclear family giving banking sector huge opportunities as each family needs items so they demand for these products and borrow from banks. Recently there has been boost in housing finance and vehicle loan.

4. Demographics
Percentage of deposit in any branches of banks depends upon the population demographic of that area .About 70% of population is below 35 years of age. They are in the prime earning stage and this increase the earning of the banks. Literacy rate of Pakistan is very low, Illiterate people hesitate to transact with banks. So, this impacts negatively on banks. But there is positive side of this as well i.e. illiterate people trust more on banks to deposit their money; they do not have market information. Opportunities in stocks or mutual funds. So, they look bank as their sole and safe alternative.

5. Technological Factors
Technology plays a very important role in banks internal control mechanisms as well as services offered by them. It has in fact given new dimensions to the banks as well as services that they cater to and the banks are enthusiastically adopting new technological innovations for devising new products and services like ATM, mobile banking, smart cards etc.

FINANCIAL RATIO ANALYSIS:

The financial ratio analysis will help provide us with the financial position of the bank of Punjab .all the ratios have been calculated with the help of data given in the annual report of year 2011. LIQUIDITY RATIOS

QUICK RATIO:
The quick ratio would be the measure of how well the bank of Punjab can meet its shortterm financial liabilities. Current assets Inventory/Current Liabilities = 37940468/21267676 =1.78 times Where: current assets = total assets operating fixed assets Inventory = no value has been provided in the annual report hence we assume zero inventories for the year 2012.

CURRENT RATIO:
The current ratio of bop is a measure of its general liquidity and gives an analysis for short term financial position or liquidity of the bank. Current Ratio = Current Assets / Current Liabilities = 93,253,919/21,267,67 =4.38 times LEVERAGE RATIOS

DEBT RATIO:
Debt ratio= Total debt/ total assets = 21,267,676/ 93,253,919 = 0.22 or 22% PROFITABILITY RATIOS

NET PROFIT MARGIN:

Net profit margin= net profit/ total revenue = 40,923,538/119,645,743

= 0.34 Where: total revenue= markup/return/interest earned

RETURN ON ASSETS:
Return on assets= net income/total assets =96,221,178/170,551,187 = 0.56

Pakistan Petroleum Limited (PPL)