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Energy

With oil exploration at the heart of the business, the group also owns several other companies within the vertical - Ocean Pakistan Ltd., Zaver Mining Company, OPI Gas, Burshane LPG, Orient Petroleum and Osprey Petroleum.

A balanced exploration portfolio, sustained growth, incremental production and cutting edge technology are a big part of our strategy, and bode well for our future growth and international expansion.

Ocean Pakistan Limited

As one of the oldest and best established foreign oil exploration and production companies in Pakistan, Ocean Pakistan Ltd. (OPL) was first known as Orient Petroleum Inc. It came into being when Zaver Petroleum Corporation Ltd., a division of the Hashoo Group acquired 100% stocks of Occidental of Pakistan Inc.

Within just five years of commencing exploration, OPL made Pakistan’s largest oil discovery at the Dhurnal fields in the Punjab province and currently operates oil fields in Bhangali and Ratana. In all, OPL has to its credit 11 discoveries in the southern region and three in the northern region. Known for its quick turnaround is commercializing discoveries in record time, the company has made a concentrated effort towards reducing Pakistan’s dependence on imported energy and has taken the lead in using the latest technologies for development of this sector.

OPL’s vision is to expand its oil and gas activities worldwide through innovation and sustainable solutions that fulfill Pakistan’s energy requirements.

Zaver Petroleum Corporation

Incorporated in 1991, Zaver Petroleum Corporation Limited (ZPCL) is an oil and gas company that acquires, explores, develops and produces oil and natural gas and its by-products in Pakistan.

As the first private sector company in the country with major participation in its field, ZPCL continues to focus its efforts on building itself using proven business models of its parent company, the Hashoo Group.

Drawing on the strong technical background of its its core team, ZPCL is keen on exploiting further exploration and production opportunities to add to its current reserves. Sustainable and responsible operation are its pillars, with company strategy and investment designed around them.

ZPCL strives to ensure long-term stability and responsiveness to market volatility, conservation of the environment and improved quality of life in the communities we operate in - and leave a lasting positive legacy for the Pakistani oil and gas industry.

Orient Petroleum (Central Asia) Limited - OPCA

OPCA had been active in South-Central Kazakhstan since year 2000 and conducted a US$ 25 Million exploration project in the South Turgal Basin where it has equity interest in 2 blocks (Doshan & Zhamansu) totaling 1,400 Sq Km.
OPCA farmed out a majority interest in its acreage to Petro Kazakshtan Ventures Inc., which was in turn acquired by CNPC.
Exploration and development work has continued with nine successful commercial wells drilled in Doshan Block.
A Resource of 178 million boe has been assessed on the Doshan Block.
Doshan Field development plan starting with test production is on hand.
OPCA is also evaluating other oil field Acquistion and rehabiliation projects in Kazakhstan and Azerbaijan

Osprey Petroleum Company Inc.

Incorporated in 1999 in Neveda, USA, Osprey Petroleum Inc. has been successfully conducting exploration & development operations in the shallow offshore Gulf of Mexico.
Has acquired 3D seismic coverage of 6,500 Sq. Km in the Gulf of Mexico.
Drilled 10 wells in 2 years with 8 commercial discoveries.
Osprey has invested mor than US$ 50 Million on successful E&P activities.
Low-cost operation with in-house capabilities to generate prospects using latest technology.
The Offshore assets were divested in year 2004. Osprey is Working Interset holder in several small-scale Projects in the onshore Gulf of Mexico