Showing posts with label huge energy import bill. Show all posts
Showing posts with label huge energy import bill. Show all posts

Friday, 16 April 2021

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%.