OCEAN PAKISTAN LIMITED (“OPL”) (FORMERLY ORIENT PETROLEUM INTERNATIONAL INC.,) IS AN OIL AND GAS EXPLORATION AND PRODUCTION COMPANY REGISTERED UNDER THE LAWS OF THE CAYMAN ISLANDS WITH LIMITED LIABILITY. IT IS A SUCCESSOR IN INTEREST TO ORIENT PETROLEUM INC. (FORMERLY OCCIDENTAL OF PAKISTAN, INC.) A USA BASED COMPANY THAT BEGAN PETROLEUM EXPLORATION IN PAKISTAN IN 1979. WITHIN 5 YEARS OF COMMENCING E&P ACTIVITIES IT LANDED WITH ITS FIRST, AND PAKISTAN’S LARGEST OIL DISCOVERY AT DHURNAL. TO CAP A METICULOUS AND IMPRESSIVE OPERATION, FULL PRODUCTION BEGAN WITHIN 20 DAYS OF THE DISCOVERY.

FOR THE PAST 30 YEARS, OPL HAS REAPED THE REWARDS OF OIL AND GAS EXPLORATION IN PAKISTAN - GENERATING MORE THAN US $1 BILLION IN REVENUE. OPL HAS NOW EMBARKED ON A NEW PHASE OF GROWTH THAT IS EMBEDDED FIRMLY IN ITS LONGSTANDING FOUNDATION OF SUCCESS IN A DEVELOPING COUNTRY.

Who we are?OPL began petroleum exploration in Pakistan in 1979. Within 5 years of commencing E&P activities it landed with its first, and Pakistan’s largest oil discovery at Dhurnal. To cap a diligent and impressive operation, OPL began full production within 20 days of the discovery.

Prior to March 31, 1995 Orient Petroleum International Inc., (now OPL) was a wholly owned subsidiary of Occidental International Exploration and Production Company (OIEPC). Effective that date, OIEPC sold its entire capital stock holding in Orient Petroleum Inc (OPI) to the Hashoo group of companies. Accordingly, since March 31, 1995 OPI has been a company of the Hashoo Group.

After 1995, OPL embarked on a comprehensive expansion and growth path aided by a competent and diligent workforce. This saw the company acquire the largest acreage amongst E&P companies in Pakistan.

OPL also, successfully acquired 25% Government of Pakistan share in Dhurnal and Ratana fields. It was also the major competitor to British Petroleum in the bid for the Badin Concession with a US$ 125 million bid. As of today OPL holds 03 Operating and 06 non-Operating Development and

Production Leases, 03 Exploration Licences along with Joint Venture participation in various Blocks in Pakistan. Company is continuously expanding its exploration portfolio and won another exploratory block “Kulachi” in Pakistan in a recent bidding round.

It has entered into successful joint ventures with prominent local and foreign companies involved in E&P activities in Pakistan. These include Zaver Petroleum Corporation Limited, Oil & Gas Development Company Limited, Attock Oil Company, Pakistan Oilfields Limited, OMV Maurice Energy Limited (formerly Petronas Carigali (Pakistan) Ltd.) and Government Holdings (Private) Limited.

These partnerships have not only helped OPL add value to its existing operations but also signals its credibility as a major player in Pakistan’s oil and gas sector endorsed by the trust placed on it by its joint venture partners.

• ContributetoPakistan‘sobjectivesintheE&Psectorandtoexpand worldwide

• Achievecontinuousgrowthofreservesandproduction• Encourageacquisitionofknowledgethroughsystematic

availability of resources and systems for organizational enrichment

• Fosterastimulatingworkenvironmentandchallengingexperience for development of our people

• Ongoingcommitmenttoastrongprogramforhealth,safetyand environment

• Rewardexcellenceandinnovationinworkplace• Ensurehighstandardsofbusinessethicsandorganizational

values• Promotefairnessandfamilyvaluesaspartofour

organizational culture• Supportinitiativesaimedatimprovingthewelfareofthe

communities in our areas of operations• Achieveexcellenceinperformance

• ContributetoPakistan‘sobjectivesintheE&Psectorandtoexpand worldwide

• Achievecontinuousgrowthofreservesandproduction• Encourageacquisitionofknowledgethroughsystematic

availability of resources and systems for organizational enrichment

• Fosterastimulatingworkenvironmentandchallengingexperience for development of our people

• Ongoingcommitmenttoastrongprogramforhealth,safetyand environment

• Rewardexcellenceandinnovationinworkplace• Ensurehighstandardsofbusinessethicsandorganizational

values• Promotefairnessandfamilyvaluesaspartofour

organizational culture• Supportinitiativesaimedatimprovingthewelfareofthe

communities in our areas of operations• Achieveexcellenceinperformance

Vision

Mission & Values

Our vision is to be the leader in Pakistan ‘s energy sector and to expand worldwide, through sustainable value growth and superior return to our shareholders.

“OPL remains committed to investing in Pakistan’s

community needs, contributing several million

US dollars to date...”

Tapping the EarthDHURNALMININGLEASE&FACILITIES

Dhurnal Oilfield lies 60 kms South-West of Islamabad in the Potwar Basin. To-date this field has produced over 50 million barrels of oil. It is currently producing over 150 BOPD and around 1.0 MMscfd gas. In order to ensure enhanced and stabilized production as well as efficient water disposal, an environment friendly water injection secondary recovery project was implemented, the first ever secondary recovery project in Pakistan. Dhurnal was the largest oil producing field in Pakistan with peak production of 20,162 BOPD in 1988. OPL re-evaluated Dhurnal Field and has identified new un-drained remaining potential which will be exploited by drilling a new well based on 3D seismic. This will help to achieve objective to increase production and reserves for this asset.

Dhurnal Field has a total of seven wells. At present two are producing, one well on gas lift while other is producing naturally. The Production facility consists of HP separators, LP separators with de-salters, Coolers/heat exchangers and storage tanks. The produced water is being dumped into the lower most Formation in water injection wells using high-pressure water injection pumps. One HP gas compressor is used for gas lift purposes, powered by gas driven engines.

Dhurnal Field generates its own electric power with the help of one generator which runs on fuel gas produced in the field. In addition to this one diesel generator is also available as standby.

DHURNAL WATER INJECTION PLANT

Water Injection System, involves the injection of produced water back into the underground formation due to the fact that the

volume of produced water exceeds storage and dumping capacity. Since the produced water contains small quantities of oil along with other chemicals, it is not discharged into the local environment owing to the harmful effects it could have on the soil and local water resources.

Large, multistage pumps, capable of generating pressures up to 3600 Psig are used to inject 2500 to 3000 BPD of water into the formations. Water injection plant also comprises a water treatment plant before injection for maximizing crude oil recovery.

BHANGALI DEVELOPMENT & PRODUCTION LEASE & FACILITIES

There are two wells in Bhangali field. In 1998, the completion string of Bhangali-1 was replaced with properly designed gas lift string having gas mandrels to lift the crude from deepest possible point. The Production facility consists of one HP separator, Coolers/ heat exchangers, Amine sweetening plant and storage tanks. One HP gas compressor is used for gas lift purposes, powered by gas driven engines. The field is electrically powered with the help of one diesel generator while the second is as standby. Bhangali field witnessed an increase in oil and gas production to 475 BOPD and 2.14MMscfd during 2002 by implementing better-depleted field management techniques. Bhangali well No.1 was deepened to the base of Khewra formation and tested presence of hydrocarbon in 2010, however, this formation was very tight with low permeability containing noncommercial production. In 2011, we have acquired 119 sq. km of 3D seismic which appears very promising for a new well. New well has been planned to be drilled in near future.

“OPL remains committed to investing in Pakistan’s community needs, contributing several million US dollars to date...”

RATANADEVELOPMENT&PRODUCTIONLEASE&FACILITIES

There are two gas and condensate wells in Ratana field namely R-2 and R-3. The production facilities are installed at R-2 location. The facility includes two HP separators, condensate storage tanks and Loading bay etc. The fluid stream produced from R-3 is received at R-2 facility through an 8” dia-meter and about 8.5 Km long pipeline. The produced gas is shipped to POL Meyal facilities for gas processing and Sulphur recovery. The field is electrically powered with the help of one diesel generator while the second is as standby.

The dedication and commitment of OPL’s team at Ratana helped tap the resource potential of the previously bypassed Eocene Zone and resulted in the discovery of new production possibilities. Ratana-2 well was deepened in 2009 and resulted in production from the Datta Formation (Jurassic). A new well Ratana-4 was drilled down to 18,100 ft (TD). The well was tested in Wargal Formation which started at a good rate, however, due to water break through and plugging phenomenon it produced at marginal rates. Rig has been mobilized to workover and recomplete the well in Datta Sands, which produced tight gas at very marginal rates. The secondary objectives are to test Datta main Sands.

MIRPUR KHAS BLOCK

OPL, as Operator, drilled fifteen exploratory wells in this concession on behalf of the Joint Venture. Our consistent efforts and expertise have led to the discoveries of Kausar Deep-1, which flowed 31.48 MMscfd of gas and Usman-1 flowing 48 MMscfd of gas during initial production testing. To add to the impressive run of exploration operations in the area Umar-1 was discovered, which tested a flow rate of 3,000 BPD of condensate.

Another discovery, Ali-1, was made in the area with a flow rate of 22 MMscfd. Ahmed-1 was discovered in 2006 and flowed about 29 MMscfd gas in initial testing. At full production this contributed significantly to OPL’s cash flow.

Lately, with the approval of the Government of Pakistan, OPL

assigned its working interest along with Operatorship to M/s BP Pakistan Exploration & Production Inc. (BPP) effective January 01, 2009.

KHIPRO BLOCK

With one of the largest drilling programs in place at Khipro, OPL made four significant gas discoveries. These include Naimat Basal (27 MMscfd), Siraj South (24.3 MMscfd), Bilal North (6 MMscfd) and Bilal-1 (14.5 MMscfd).

Two more discoveries in the Khipro Exploration License were achieved namely Kamal North-1 (2124 bopd and 6.25 MMscfd gas) and Rahim-1 (851 bopd). OPL as Operator drilled fourteen exploratory wells in Khipro Block.

Lately, with the approval of the Government of Pakistan, OPL assigned its working interest along with Operatorship to M/s BP Pakistan Exploration & Production Inc. (BPP) effective January 01, 2009.

SINJHORO BLOCK

Sinjhoro EL is located about 65 Kms NE of Hyderabad in Sindh Province. OPL is a joint venture partner in Sinjhoro Concession alongwith GHPL and OGDCL as Operator. The first field Chak 63 in Sinjhoro concession was discovered in 2002 where one exploratory and three appraisal wells have been drilled, targeting Lower Goru sands which produced commercial quantities of Hydrocarbon.

Subsequently further interpretation of Sinjhoro Block Seismic data provided basis to explore the hydrocarbon potential of the area located in the Sinjhoro EL. In this Joint venture drilled and discovered following total ten (10) Oil and Gas condensate fields targeting reservoir sands in the lower Goru formation of cretaceous age. The Commercial Discoveries have been approved by the Government and approval of Development and Production Leases is under process. The gas from the discoveries has been allocated to SSGCL by the Government of Pakistan. The production

commenced from Sinjhoro Fields in January, 2013 and presently producing 14 MMscfd of gas and 1,100 barrel of oil per day.

MEHAR BLOCK

Mehar concession is operated by Petronas Carigali and has a gas-condensate discovery from Mehar-1 with gross recoverable reserves around 0.75 TCF from the Cretaceous sand reservoir. Mehar-2, an appraisal well was recently drilled about 130 meters down dip of Mehar-1 at Cretaceous level, which tested good quantities of gas / condensate. The Ranikot formation of Paleocene was also tested with commercial quantities of gas / condensate. The overall recoverable reserves could be as high as 1 TCF. So far four exploratory wells and one appraisal well have been drilled in Mehar Block.

The Field Development is in progress. First gas is expected in 1st Quarter, 2014 with production of about 30 MMscfd gas and 3,000 barrels of condensate per day. Mehar-3 well was drilled and completed as oil and gas producer from Pab Sandstone. Another exploratory well Sofiya-2 was drilled and tested oil and gas from Ranikot Formations.

SAKHI SARWAR BLOCK

OPL and ZPCL were awarded Sakhi Sarwar Block located in District D.G. Khan and Rajanpur, Punjab Province. Operator, OPL, has undertaken a seismic survey of 200 kms and re-entry in Sakhi Sarwar well. OPL is planning to drill a new exploration well Ghani-1 in this exploration licence.

MARWAT BLOCK

OPL signed Marwat EL along with ZPCL on January 22, 2007 wherein OPL plans to carry out 100 Kms of 2D Seismic acquisition in addition to Geology & Geophysical studies and reprocessing of vintage seismic. Surface Geological surveys were carried out in 2012-13.

HARNAI SOUTH BLOCK

OPL and ZPCL signed Harnai South EL on February 16, 2010, located in District Sibi of the Balochistan Province. OPL/ZPCL are committed to make a minimum investment of US@ 2.55 MM. OPL has plans to acquire 186 sq. km of reconnaissance seismic survey over this block.

RESERVES

OPL’s share in the available reserves in its own operated fields is 10.901 MMBOE and 11.067 MMBOE in Sinjhoro and Mehar. These reserves translate into a value of US $ 748 million approximately.

Our ManagementOPL is proud of the fact it is harnessing & utilizing the vast experience, expertise and technical know-how of professional Pakistani nationals having over 150 years of related experience. It also provides employment to over 400 well-trained & dedicated employees working to meet our common goal and vision.

Our operations in previously declared force majeure areas resulting in successful discoveries do more than just making a simple

success statement. It goes to show our sound management and employee dedication, diligence and competence. We take pride in our team’s capabilities to engineer and embark upon financially and technically viable projects. OPL is home to many financial and technical innovations in our respective field of business that have enhanced the company’s existing reputation and have provided major impetus to overall growth of the company.

Sadruddin Hashwani, chairs the Board of Directors and a team of highly experienced and respected personnel head the company management. He is also the President of the Company.

Anwar Moin, Chief Executive Officer has over 40 years of experience with both local and multinational oil exploration companies and is a member of American Management Association, Society of Petroleum Engineers - Pakistan Section. He is also a member of the Islamabad Chamber of Commerce and Industry and was also the Vice Chairman of PPEPCA – an association of petroleum exploration companies operating in Pakistan.

Tahir Azizuddin, Chief Operating Officer has M.Sc. and DIC in Petroleum Geology and M.Sc. and DIC in Petroleum Reservoir Engineering from University of London and Imperial College of Science and Technology at London. He has over 36 years of diversified experience in Oil and Gas Production and Drilling Operations, 33 years with Pakistan Oilfields Limited and 2½ years with Oil and Gas Development Company Limited. He has served on the Board of Directors of POL and Mari Gas Company Limited. He is a member of Society of Petroleum Engineers (SPE).

AtharM.Khan,SeniorVicePresidentFinance has a Chartered Accountants Final (Group II) Examination degree from the Institute of Chartered Accountant of Pakistan and 23 years of progressively responsible positions, with 14 years of Oil & Gas Industry. Prior to joining OPL, he worked as a Financial Controller with Premier and Shell Pakistan BV and Premier KUFPEC Pakistan BV. He has extensive knowledge of Oil & Gas Industry, Economic and Fiscal evaluation of New Business Prospects, expertise in all corporate matters, economic and Fiscal evaluation of Farm-in / Farm-out decisions and development of Company’s Business Plan.

Khurshid A. Minhas, Vice President Exploration has over 36 years diversified experience of oil and gas exploration. He has an M.Sc degree in Geology from University of the Punjab and a post graduate master’s degree in petroleum Geology from Colorado School of Mines, USA. He started his career in Oil & Gas Development Company Limited (OGDCL) where he served in different positions as Field Geologist, Wellsite Geologist, Chief Basin Studies Department, Acting Manager Joint Ventures and Manager Prospect Generation. He joined Government Holdings (Private) Limited (GHPL) in 2003 as General Manager Exploration & Production where he remained actively involved in reviewing and monitoring upstream activities of all national and multinational E&P companies having Government of Pakistan as their JV Partner. Prior to joining OPL, he served Mari Petroleum Company Limited (MPCL) as General Manager Exploration for five years where he pursued an aggressive exploration programme of the company within Pakistan and abroad.

Mr. Khurshid is an active member of American Association of Petroleum Geology (AAPG) and Pakistan Association of Pakistan Geologists (PAPG). He is Secretary General of National Geological Society of Pakistan (NGSP). He has served as member Technical Review Committee of PAPG for several years.

M. A. Shahid, General Manager Drilling & Petroleum Engineering, holds Bachelor of Engineering (Turkey) and Masters of Engineering (Bangkok). He has over 28 years of diversified experience with local and multinational E&P and international oil services companies including Schlumberger and Occidental of Pakistan Inc. He has to his credit, development of several oil and gas properties and has been trained in various professional courses in Indonesia, France, U.K and U.S.A. He is a member of Society of Petroleum Engineers.

Tauqeer A. Nayyar, General Manager Finance holds Master degree in International Business from University of Southern Queensland, Australia and CA Finalist from the Institute of Chartered Accountants of Pakistan. He has twenty five years of upstream oil & gas experience in Finance, Accounting, Joint Ventures Management, Treasury, Corporate, Management Reporting, Commercial Contracts, Insurances, Product pricing, Policies & Procedures formulation and Implementations, Comptroller functions, economic analysis, Inventories & Asset Management, ERP system, Farm-out & mergers etc. Treasury & financing expertise on offshore as well local products.

Syed Zahid Anwar, General Manager Production Operations, holds B.Sc degree in Chemical Engineering from NED University of Engineering and Technology Karachi. He has 31 years of Production operations experience with multinational and national Petroleum companies including Occidental, BP, Orient Petroleum Int. Inc, Pakistan Refinery and Pak Arab Fertilizer in Pakistan. He led development of Mirpurkhas and Khipro concessions with the installation of 200 MMscfd gas processing facilities, 200 MTD LPG plant and a network of gathering and export pipelines.

In BP Pakistan he led the Integration of Mirpurkhas and Khipro facilities with BP Operations Management System. He has over 7 years of petroleum refining experience in Pakistan Refinery (Shell). He is a member of Institute of Chemical Engineers, UK.

Abdul Razzaq, General Manager MIS & Communications, has over 29 years of experience managing various IT set-ups. He has worked with Pakistan Petroleum Limited, USAID and Pakistan Oilfields Limited where he implemented and managed a wide range of advanced information technology systems.

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