Pakistan’s oil and gas production witnessed a decline of 10% and 7% YoY during 1HFY25. The contraction in hydrocarbon production comes from forced curtailments at Nashpa and the TAL block amid lower gas demand.
Major oil fields such as Nashpa, Makori East, Pasakhi, Maramzai, Mardenkhel, Rajian, and Dhok Sultan experienced a decline in production during 1HFY25. Meanwhile, Mamikhel South, Sono, and Bettani reported healthy growth. Regarding gas production, major fields such as Mari, Qadirpur, Sui, Sharf, Kandhkot, Nashpa, and Sutiari Deep decreased production.
On a quarterly basis, oil and gas production in Pakistan dwindled by 12% and 7% YoY, respectively, in 2QFY25.
Drilling Activity
During 1HFY25, 11 exploratory wells and 15 appraisal/development wells were spudded against a target of 27 exploratory wells and 40 appraisal/development wells.
Discoveries
The exploration efforts of Pakistani E&P companies yielded 15 discoveries during 1HFY25, with a cumulative discovery size of approximately ~2,075 bopd of oil and ~215 mmcfd of gas.