GROUP MEMBERS MR. SAHAROZ KHAN MR.

ALIRAZA
PROJECT ON: OIL AND GAS SECTOR

COMPANY

PRESENTED TO :

SIR YASIR GONDAL

Pakistans economy is growing at a very steady rate and this growth is demanding higher energy consumption and thus putting a huge pressure over countries limited energy recourses. Energy sector in Pakistan comprises petroleum, gas, power and coal. Due to the limited reserves of oil and gas with in the country, Pakistan has to import large quantity of oil and oil related products to satisfy the growing domestic oil demand. There are almost four major national oil companies currently involved in the sector, namely Oil and Gas development corporation limited (OGDCL), Pakistan petroleum limited (PPL), Pakistan state oil company limited (PSO) and Pakistan oilfields limited (POL)mained successful.]

Petroleum exploration in Pakistan began more than a century ago. The first well was drilled in 1866 at oil Kundal in the Mianwali District of Punjab Province. Right after seven year of Worlds 1st well Drilled in1859 in Titusville, Pennsylvania by Edwin Drake

Pakistan's economy is heavily dependent on the Oil & Gas sector with about 79% of the primary energy requirement

total of 396 shallow wells were drilled in the field from 1915 to 1954

Pakistan Petroleum Ltd discovered a giant gas field in 1952 at Sui And a pipeline to Karachi was completed in 1953.

Future of Oil & gas sector

Oil and gas are the country's top energy sources and will hold fast to their preeminent positions for many years to come. Together they currently provide 65% of the country's energy. And while petroleum rules the world energy scene, natural gas dominates U.S. manufacturing, which accounts for three-fifths of the energy consumed in the entire industrial sector, says the Energy Information Administration (EIA).

Currently, the country consumes over 20 million barrels of oil per day, a figure that is expected to increase to a range of 27 to 32 million bpd by 2025, says the EIA.

Imported oil, which currently represents 58% of the country's total petroleum demand, will account for 65-70% of demand by 2025, says the EIA's Annual Energy Outlook 2003. Exactly where within this range the 2025 imported oil percentage will fall will depend on the future price per barrel. And the projected range in prices for oil in 2025 is from $19 to $33 per barrel (real 2001 dollars).

INTRODUCTION OF PSO

INTRODUCTION:
Pakistan State Oil (PSO) is the oil market leader in Pakistan.
Its well established infrastructure, built at par with international standards, represents 82% of countrys storage The company is the only public sector entity in Pakistan that has been competing effectively with three foreign multinationals, Shell, Caltex and Total.

Products:

Oil, Natural gas,Petrochemicals

Revenue:
NET INCOME:

U.S. $9.5 billion (2011) U.S. $338 million (2011)

History of PSO

PSO came into being Mid of 1970s January 1, 1974

The federal government took over the management of PNO (Pakistan National Oil) and DPL (Dawood Petroleum Limited), renamed into POCL (Premier Oil Company Limited)

June 6, 1974
The government incorporates Petroleum Storage Development CorporationPSDC

August 23, 1976

PSCDC renamed to State Oil Company Limited (SOCL)

September 15, 1976

The Governement purchases ESSO undertakings, vests their control in SOCL December 30, 1976
The Government merges PNO and POCL into SOCL (State Oil Company Limited) and renames it Pakistan State Oil Company Limited (PSO)

1999 The new vision program is launched with the new logo of PSO.

PAST PERFORMANCE OF PSO

PSO recognized at MAP Corporate Excellence Awards

Pakistan State Oil (PSO), the largest energy company in the country has been recognized for its excellent performance at the 27th Corporate Excellence Awards which were organized by the Management Association Pakistan. PSO was awarded MAP Corporate Excellence Certificate in the Oil and Gas sector. The MAP Corporate Excellence Awards were instituted in 1982 to recognise companies demonstrating outstanding performance Pakistan State Oil has launched DEO 6000

Best Corporate Reports 2010

14.2 BILLION RECORDEDSALES

PSO registers after tax profits of Rs 2.5 billion in 1QFY12

To excel in delivering value to customers as an innovative and dynamic energy company that gets to the future first.

:
We are committed to leadership in energy market through competitive advantage in providing the highest quality petroleum products and services Professionally trained, high quality, motivated workforce, working as a team in an environment, which recognizes and rewards performance, innovation and creativity, and provides for personal growth and development Lowest cost operations and assured access to long-term and cost effective supply sources Sustained growth in earnings in real terms Highly ethical, safe environment friendly and socially responsible business practice

Our foremost goal is to retain our corporate leadership.

 We are committed to continuous improvement, both in New Product

and Processes as well as those existing already. We encourage Creative Ideas from all. In 34 AGM MD shared his plans and vision to chart a progressive path for PSO which included storage enhancement, expansion of retail network and diversification projects like acquisition of refinery and initiating a power project. he also emphasized his plans for technology advancement across the board. Initiatives to promote and relaunch lubricants in the upcoming quarter and explore potential opportunities for LPG storage were also shared at the occasion which were well-received by the shareholders.  the company would be implementing aggressive marketing efforts. We also firmly believe that the future growth lies in innovation, highest level of customer service and diversification into new business areas. He further emphasized the need for adopting transparency in all business affairs to ensure that ethical standards are met.

Sales Volume (Million)

Rs. Million 14.2 13 11.8 9.7 9.8 13.2 12.9

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