Pakistan’s oil production drops by 6%, gas up 0.5% : Daily Times

KARACHI: Pakistan’s oil production witnessed a sharp decline of 6.2 percent in 2008-09 to 66,678bpd (barrels per day) against 71,120bpd for the previous year.

As per the production data released by PPIS for 11MFY09 and weekly data of Jun-09, the major oil producing fields such as Adhi, Chanda and Pindori witnessed reduction of output by 8 percent, 18.3 percent and 73 percent, respectively.

However, output of Mela, Kunar, Dahkni and Pashki fields was up by 10.7 percent, 25.3 percent, 23.3 percent and 38.2 percent, respectively.

On the other hand, the gas production marginally grew by 0.5 percent to 4058mmcfd in FY09. This was on account of enhanced year-on-year production from gas fields of Adhi up by 2.1 percent; Bhit up by 9.7 percent; Dakhni up by 44.4 percent ; Loti up by 4.4 percent; Kandkot up by 21.6 percent and Qadirpur up by 3.46 percent.

The said incremental effect mitigated the decline in production from Sawan, which decline by 17 percent and stagnant production from Sui. Apart from the above-mentioned fields, another major field Zamzama, also witnessed a decline.

The Exploration and Production (E&P) companies of oil and gas witnessed mixed trend in output of energy resources. Pakistan Petroleum Limited (PPL) oil as well as gas production diminished by 0.4 percent and 4 percent, respectively. On the other hand, oil and Gas Development Company (OGDC) gas production surged by 6.1 percent due to completion of development activity in Qadirpur, however, its oil production diminished by 6.1 percent.

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