Pakistan Oilfields Limited

What Pakistan Oilfields Limited does

Pakistan Oilfields Limited (POL) is a Pakistan-based oil and gas exploration and production (E&P) company incorporated on November 25, 1950, with operational roots extending to the 1915 Khaur oil discovery by its parent, The Attock Oil Company Limited (AOC), which holds a 52.77% controlling stake. Listed on the Pakistan Stock Exchange (ticker: POL), POL operates nine producing Development and Production leases across the Potwar Basin — Pariwali, Meyal, Joyamair, Minwal, Dhulian, Khaur, Pindori, Turkwal, and Balkassar — and participates in multiple joint venture exploration blocks with partners including OGDCL, MOL Pakistan, Pakistan Petroleum Limited, and Ocean Pakistan. The company's portfolio is vertically integrated from upstream exploration through midstream pipeline transportation (delivering approximately 28,000 barrels per day to Attock Refinery) to downstream LPG marketing under the POLGAS brand via four bottling facilities.

The company generates revenue from four primary streams: crude oil sales (averaging 4,383 barrels per day in H1 FY2026), natural gas sales (52.70 mmscfd), LPG marketing through POLGAS and 51%-owned subsidiary CAPGAS (serving 92,000+ consumers), and pipeline transportation tariffs. Secondary income derives from minority equity stakes in National Refinery Limited (25%) and Attock Petroleum Limited (7.0175%). POL's customer base is split between B2B enterprise clients (refineries, industrial users) for crude oil and gas, and a long-tail of domestic and commercial LPG customers reached via its nationwide distribution network.

For H1 FY2026 (six months ended December 31, 2025), POL reported net sales of Rs. 27,685.4 million — down 8.6% year-over-year due to lower sales volumes from gas curtailment and natural field decline — while profit after tax rose 15.6% to Rs. 11,719.3 million, suggesting margin expansion despite top-line contraction. Basic and diluted earnings per share for the period reached Rs. 41.29 (versus Rs. 35.73 in the prior comparable period), and total assets stood at Rs. 178,073.8 million. The 8.6% revenue decline amid 15.6% profit growth signals a mix shift toward higher-margin products or cost discipline rather than volume expansion.

Name

Pakistan Oilfields Limited

Legal name

Pakistan Oilfields Limited

Website

https://pakoil.com.pk

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Pakistan Oilfields Limited is a Pakistan-listed oil and gas exploration and production company operating nine producing fields in the Potwar Basin, with integrated midstream crude oil pipeline services to Attock Refinery and downstream LPG marketing via the POLGAS brand and CAPGAS subsidiary.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (211120), Natural Gas Extraction (211130), Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Crude Petroleum & Natural Gas (1311), Pipe Lines (No Natural Gas) (4610), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

Keywords

• Oil and gas exploration
• Crude oil production
• Natural gas extraction
• LPG marketing
• Pipeline transportation

Headquarters

HQ city

Rawalpindi

HQ country

Pakistan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Crude Oil Sales: Sale of crude oil produced from company's own fields and joint venture operations. Production averaged 4,383 barrels per day of crude oil for the six months ended December 31, 2025.
2. Natural Gas Sales: Sale of natural gas produced from producing fields and joint ventures. Production averaged 52.70 million standard cubic feet per day of gas.
3. LPG Marketing (POLGAS): Marketing and distribution of Liquefied Petroleum Gas under the POLGAS brand through strategically located bottling facilities at Meyal, Pindori, Karachi, and Dhulian. Also distributed through subsidiary CAPGAS.
4. Crude Oil Transportation Services: Pipeline transportation services for crude oil belonging to own operations and other companies to Attock Refinery, approximately 28,000 barrels per day
5. Dividend and Investment Income: Returns from investments in associated companies including National Refinery Limited (25% share) and Attock Petroleum Limited (7.0175% share)

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Pakistan Oilfields Limited is engaged in the exploration, drilling, and production of crude oil and natural gas from its concessions in Pakistan. It markets liquefied petroleum gas under the POLGAS brand, recovers sulphur as a by-product of gas processing, produces solvent oil, and transports crude oil via a dedicated pipeline to Attock Refinery. The company also markets LPG through its 51%-owned subsidiary CAPGAS Private Limited.

Product overview

Pakistan Oilfields Limited operates as a vertically integrated oil and gas exploration and production company with a diversified portfolio of core hydrocarbon products and energy services. The company's primary offerings include crude oil and natural gas extracted from operated and joint venture fields across Pakistan, along with processed byproducts including LPG (marketed as POLGAS), sulphur, and solvent oil. POL operates nine producing leases independently and participates in numerous joint venture blocks with partners including OGDCL, MOL Pakistan, Pakistan Petroleum Limited, and The Attock Oil Company. The company provides crude oil transportation services via its owned pipeline network delivering to Attock Refinery. Through its 51%-owned subsidiary CAPGAS, POL extends LPG distribution across Pakistan with extensive geographic reach. The product portfolio is unified under POL's exploration-to-production core business, with downstream marketing through POLGAS brand and CAPGAS subsidiary.

Differentiator

Problem solved

Functional benefit

Brands

• POLGAS: LPG marketing brand established in 1995, marketing liquefied petroleum gas with strategically located bottling facilities at Meyal, Pindori, Karachi and Dhulian

Products and services

• Crude Oil

Quantifiable outcome

• Profit increased by 15.6% to Rs. 11,719.3 million for H1 FY2026
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and significant.

• The Attock Oil Company Limited (AOC)coreStrategic or Co-development PartnerParent company incorporated in England. AOC holds 52.77% of POL shares. AOC pioneered oil and gas exploration in the Potwar Basin since the early 19th century and discovered the first commercial oilfield at Khaur in 1915.
• CAPGAS (Private) LimitedcoreStrategic or Co-development PartnerSubsidiary company with POL holding 51% shareholding. Engaged in storage, filling and distribution of LPG with vast distribution network in Punjab, KPK/FATA, Azad Jammu Kashmir, and Gilgit Baltistan serving over 92,000 consumers.
• National Refinery LimitedsignificantStrategic or Co-development PartnerAssociated company with POL holding 25% shareholding. Only refining complex in Pakistan producing fuel products as well as lube base oils.
• Attock Petroleum LimitedsignificantStrategic or Co-development PartnerAssociated company with POL holding 7.0175% shareholding. Downstream petroleum marketing company.
• Oil & Gas Development Company Limited (OGDCL)coreStrategic or Co-development PartnerJoint venture partner in Pindori, Chak Naurang, Gurgalot, and Jhal Magsi South blocks. OGDCL is Pakistan's largest oil and gas exploration company.
• MOL Pakistan Oil and Gas Company B.V.coreStrategic or Co-development PartnerJoint venture partner in Tal, Margala, and Dera Ghazi Khan Blocks. POL has 25% pre-commerciality working interest in Tal Block where significant gas discoveries have been made including Manzalai, Makori, Makori East, Mamikhel, and Maramzai fields.
• Pakistan Petroleum Limited (PPL)coreStrategic or Co-development PartnerJoint venture partner in Adhi field and Hisal block. PPL is Pakistan's first major E&P company operating 18 producing fields and 59 exploration blocks.
• Ocean Pakistan LimitedcoreStrategic or Co-development PartnerJoint venture partner in Dhurnal, Ratana, and Bhangali fields. POL holds working interests in these producing leases.
• Government Holding (Pvt) LimitedcoreStrategic or Co-development PartnerJoint venture partner in Pariwali and Minwal leases. Government entity holding stakes in various E&P joint ventures.

Scale indicators10 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• National Refinery Limited: Only refining complex in Pakistan producing fuel products and lube base oils; 25%-owned associate of POL, broadly comparable as a downstream integrated hydrocarbon player feeding POL's crude production.
• Attock Petroleum Limited: Downstream petroleum marketing company within the Attock Group in which POL holds 7.0175% — broadly comparable as a sister/group entity operating in Pakistan's petroleum value chain with overlapping markets.
• Pakistan State Oil Company Limited (PSO): Pakistan's largest state-owned oil marketing and distribution company; broadly comparable as a major player in the domestic hydrocarbons value chain where POL supplies crude feedstock.

Regional players

• Crescent Petroleum: Sharjah-headquartered regional E&P operator with integrated gas operations in the Middle East; comparable as a regional upstream peer with a similar model of producing and distributing gas and petroleum products.
• Sui Northern Gas Pipelines Limited: Major gas transmission and distribution utility operating in Pakistan; comparable as a regional player in Pakistan's natural gas midstream/downstream segment, purchasing gas from upstream producers including POL.

Direct peers

• MOL Pakistan Oil and Gas Company B.V. International E&P operator active in Pakistan via Tal, Margala, and Dera Ghazi Khan blocks; directly comparable to POL in upstream operations and JV partner in Tal Block where significant gas discoveries have been made.
• Mari Petroleum Company Limited: Listed Pakistani E&P company focused on gas exploration and production; directly comparable as a domestic upstream peer operating in similar producing basins with similar regulatory exposure.
• Pakistan Petroleum Limited (PPL): Pakistan's pioneering publicly listed E&P company operating 18 producing fields and 59 exploration blocks; directly comparable upstream operator and JV partner with POL in Adhi field and Hisal block.
• Oil and Gas Development Company Limited (OGDCL): Pakistan's largest exploration and production company; directly comparable to POL as a domestic E&P operator, and also a JV partner in Pindori, Chak Naurang, Gurgalot, and Jhal Magsi South blocks.

Others

• Engro Corporation: Pakistan's largest conglomerate with material energy and fertilizer exposure; an adjacent/thematically related peer rather than a direct E&P competitor, providing useful context on Pakistan energy sector capital allocation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pakistan-oil-fields-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pakistan Oilfields Limited