Orient Petroleum Inc.
Orient Petroleum Inc. (OPI) is a Cayman-registered company, which set up its business in Pakistan as a Foreign E&P Company in 1979. Since being acquired by Hashoo Group in 1995, OPI has made major strides in oil and gas exploration to boost the energy sector of the country.
The company has a diversified portfolio comprising three production fields and three exploration licenses, where it is making extensive efforts to bring the acreage into the development category.
OPI is a joint-venture partner in the Sinjhoro and Mehar Blocks, which are being operated by Oil & Gas Development Company Limited and United Energy Limited, respectively.
OPI has, to its credit, 11 discoveries in the Southern Region, and three in the Northern Region of Pakistan. Known for a quick turnaround in commercialising discoveries, the company has made significant efforts towards reducing Pakistan's dependence on imported energy. Meanwhile, it has also taken the lead in using the latest technologies for the development in this sector.
The company made Pakistan's largest oil discovery at Dhurnal Field in the North Potwar region of Punjab Province in 1984. The company has drilled seven wells in this field. Five years later, OPI discovered Bhangali Oil Field in the Soan Block located in the Gujar Khan, Rawalpindi District, which forms a part of the Potwar Oil Basin. The company has drilled three wells in this field.
Then, Ratana Field was discovered by a company operated by OPI with Oil and Gas Development Company Limited, Pakistan Oilfields Limited and Attock Oil Company as joint-venture partners. Ratana Oil Field is located in the Pindigheb/Jand area of Attock District. The company discovered the oil field in the Ratana Concession in 1992, whilst production started in July 1993. The company has drilled four wells in this field, and Ratana-3 Well is the world's deepest horizontal completion. At present, the company is planning to drill another well, Ratana-5 after conducting a comprehensive 3D seismic survey over the block.
OPI has a vision is to expand its oil and gas exploration and production activities worldwide through innovation and sustainable solutions that fulfil Pakistan's energy requirements.