Oil production falls by 6 percent in second quarter of current fiscal year

KARACHI: Pakistan’s Oil production fell by 6 percent year on year (YoY) during second quarter of the current fiscal year to 76,331 barrels of oil per day, analysts said on Thursday.

This has been attributed to decline in production of Tal block fields like Mardankhel and Makori Deep by 27 percent and 31 percent YoY, respectively. Oil production during 1HFY21 fell at the same rate of 6 percent YoY.

Production from Chanda, Maramzai, and Makori East increased in range of 5-46 percent YoY. Chanda’s production increased due to induction of Chanda-5 well. Production from Nashpa increased 7 percent QoQ as field was on an annual turnaround in the last quarter (Sep 03-09, 2020).

As per PPIS data, five new fields were inducted to production line during 2QFY21 namely Baqa (300+ bopd; operated by UEP), Saand (100+ bopd; operated by OGDC), Tando Allay Yar SW (90+ bopd; operated by OGDC), Bolan East (800+bopd; operated by MARI) and Mangrio (200+bopd; operated by OGDC).

Pakistan gas production declined by 4 percent YoY to 3,409 mmcfd as flows from KPD, Kandhkot and Qadirpur fell in the range of 6-18 percent. During 1HFY21, production declined by 3 percent YoY.

During 2QFY21, Kandkhkot field’s production declined due to lesser offtake from Gencos. Mari field filled those Kandhkot fields flows as depicted from 12 percent YoY increase in its production.

Four new fields were added to production line, namely Saand (7+ mmcfd; operated by OGDC), Tando Allah Yar SW (9+ mmcfd; operated by OGDC) and Mangrio (3+ mmcfd; operated by OGDC) and Baqa (1mmcfd, operated by UEPL).

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