- The main oil fields experience a drop in production between July and December.
- Other gas fields of Mari, Qadirpur, Sui and Sharf also report decline to go out.
- Oil production fell 12% while gas production fell 7%.
KARACHI: With weak demand, Pakistan’s oil and gas production declined by 10% and 7% respectively in the first half of the current fiscal year, News reported Thursday.
According to data released a day earlier, the drop in hydrocarbon production is due to forced reductions in the Nashpa field and TAL block, driven by a drop in gas demand.
Major oil fields, including Nashpa, Makori East, Pasakhi, Maramzai, Mardenkhel, Rajian and Dhok Sultan, witnessed a decline in production during the July-December period of this financial year.
However, fields such as Mamikhel Sud, Sono and Bettani recorded growth during the same period.
In terms of gas production, major fields like Mari, Qadirpur, Sui, Sharf, Kandhkot, Nashpa and Sutiari Deep have also reported lower production.
On a quarterly basis, oil production declined 12% year-on-year, while gas production fell 7% in the second quarter of the current fiscal year.
During the first half of the fiscal year, a total of 11 exploration wells and 15 appraisal and development wells were drilled, which is below the targets of 27 exploration wells and 40 exploration wells. evaluation and development.
Despite the challenges, exploration efforts by exploration and production (E&P) companies have resulted in 15 discoveries, with a cumulative yield of approximately 2,075 barrels of oil per day (bopd) and 215 million cubic feet per day (bopd). day (mmcfd) of gas.