Petroleum Exploration Market Share Analysis for June 2026

it is a subsidiary of the shahzad international group of companies and is the group’s core business, exploration and production especially of hydrocarbons. along with pel, the group is also engaged in several other business pursuits, such as power generation, mineral development, gold exploration & prospecting, procurement services, oil and gas field services, petrochemical plants, security services, electronic media and information services, geographical information systems and travel advisory services. pel, a pakistani exploration and production company with an international presence was incorporated in 1994 under the companies ordinance 1984.