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Investment project oil and gas sector company (pso)
1.
2. GROUP MEMBERS
MR. SAHAROZ KHAN
MR. ALIRAZA
PROJECT ON:
OIL AND GAS SECTOR
COMPANY
PRESENTED TO : SIR YASIR GONDAL
3. Pakistan’s 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.]
4.
5. 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 World’s 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
6. 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.
7. 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).
9. 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 country’s 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: U.S. $9.5 billion (2011)
NET INCOME:
U.S. $338 million (2011)
11. 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
Corporation’PSDC
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.
14. 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
15. 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
16.
17. 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.