Topline Securities reports higher annual oil and gas output, one new oil discovery and increased exploratory drilling during October.

Karachi, November 10, 2026: Pakistan’s oil and gas exploration sector recorded mixed operational performance in October 2026, with production increasing year-on-year and exploratory drilling activity gaining momentum, according to a monthly activity report by Topline Securities Limited.

Oil and gas discoveries

The sector recorded one oil discovery during the month, Aassu West-1, operated by United Energy Pakistan (UEP).

However, one dry well was also reported. Ratana-6, operated by Orient Petroleum Inc (OPI), was unsuccessful. Oil and Gas Development Company Limited (OGDC), holding a 25% working interest, and Pakistan Oilfields Limited (POL), with a 4.5% stake, were working-interest partners.

Hydrocarbon production trends

Oil production increased 6% year-on-year, while gas production rose 9% compared with October last year, despite disruptions in re-gasified liquefied natural gas (RLNG) supplies.

On a month-on-month basis, oil production declined 2%, whereas gas production remained unchanged.

Exploration and drilling activity

Exploratory drilling increased 25% month-on-month to 9,055 metres in October. In contrast, development drilling declined 37% to 2,242 metres.

Meanwhile, 2D seismic acquisition stood at 36.19 kilometres, while 3D seismic acquisition increased 33% month-on-month.

Exploration lease extensions

The report also highlighted lease renewals and extensions. OGDC’s Toot field received a three-year renewal until October 30, 2028, while PPL’s Kandkhot Additional received a five-year renewal until January 23, 2031.

Dewan’s Rodho field was granted a five-year extension until January 22, 2031.