Pakistan’s oil production reached 2-year high of 97,000 bpd of oil in December 2016, led by production additions from Nashpa and Mardan Khel fields. Both fields added around 11 per cent to December 2016’s oil production, a cumulative flow of around 10,000 bpd of oil.
On the other hand, gas production remained almost stagnant at around 4,000 mmcfd mainly due to absence of any significant addition and natural depletion of existing fields.
During December 2016, Oil and Gas Development Company Limited (OGDCL), Pakistan Oilfields Limited (POL) and Pakistan Petroleum Limited (PPL) registered record oil production levels of around 48,000, 18,000 and 8,000 bpd, respectively. This was on the back of addition from Nashpa (OGDCL and PPL hold 56 per cent and 26 per cent stakes) and Mardan Khel (POL and PPL hold 28 per cent stakes each, while OGDCL holds 21 per cent).
Normalised flow from Kandhkot field (13 per cent of PPL’s total gas production), up from 89mmcfd (faced technical issues last year) in December 2015 to 205mmcfd in Dec 2016 and 32mmcfd addition from Shahdadpur field nudged up PPL’s gas production. OGDCL’s gas production during Dec 2016 shrunk on the back of lower flow from Uch (26 per cent of gas production), down 12 per cent and Qadirpur (22 per cent of gas production), down 7 per cent.
In first half of 2016-17, cumulative hydrocarbon production numbers remained broadly in-line with the estimates. With another expected addition of around 100mmcfd of gas and 4,000 bpd of oil from much awaited OGDCL’s Kunnar Pasaki Deep (KPD) project in 2nd half 2016-17, Pakistan’s total oil production will likely cross 100,000 bpd to average 95.2k bpd in 2016-17. This will take Pakistan’s total hydrocarbon production to average 778000 boe.
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