Pakistan Petroleum to Increase Output From Manzalai, CEO Says: Bloomberg

By Farhan Sharif

Sept. 29 (Bloomberg) -- Pakistan Petroleum Ltd., the nation’s biggest gas producer, plans to increase output from the Manzalai area of the Tal block this year, after missing earlier targets.

“Because of certain delays, production facilities will be in place by November and we hope to increase output to 250 million cubic feet a day,” Chief Executive Officer Khalid Rahman said in an interview in Karachi today.

Pakistan Petroleum needs to compensate for a decline in production from the biggest Sui field in the southwestern province of Baluchistan. Production from Sui, which began in 1955, is declining by as much as five percent a year, according to the company.

The company had planned to increase production from the North West Frontier Province based-Manzalai, which has reserves of 1.3 trillion feet, to 250 million cubic feet a day by June, from 39 million cubic feet, Rehman said in an interview in February.

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