Pakistan oil and gas production declines during Jan-Mar 2021 quarter

Pakistan’s indigenous crude oil production in 3QFY21 declined to 77,139, down 6%YoY barrels per day (bpd) mainly because of sharp fall of 63%YoY in Makori Deep’s production, followed by 23%YoY decline in Mardankhel and 11%YoY in Maramzai’s productions.

These three fields belong to Tal Block (operated by MOL Pakistan) of which production in total has declined by 13%YoY to 17,840 bpd during Jan-Mar 2021 quarter as against 20,597 bpd during Jan-Mar 2020 quarter.

The decline in production from Tal Block was contained to 13% due to 3%YoY increase in oil production from Makori East (which contributes 54% to Tal Block and 12% to country’s production).

On a QoQ basis, Pakistan oil production was up by 2%.

During 9MFY21, Pakistan oil production declined by 6%YoY to 75,924 bpd due to decline in flows from Makori Deep, Mardankhel and Nashpa fields.

Pakistan domestic gas production declined to 3,550 mmcfd, down by 3%YoY during the quarter under review due to lower flows from Qadirpur, Kandhkot, KPD and Maramzai ranging from 7% to 15%YoY.

Mari field’s production increased by 3%YoY and 2%QoQ as it has replaced Kandhkot field volumes to the National Grid. As a result, Kandkot field volumes have come down by 11%YoY and 1%QoQ.

On QoQ basis, gas production increased by 5% during the quarter due to sharp improvement in flows of Uch Field, rising to 35,013 mmcfd.

On 9MFY21 basis, gas production was down 3%YoY to 3,525 mmcfd due to decline in flows from Qadirpur, Kandkot, and KPD to the tune of 4% to 17%.