OGDCL being the flagship carrier of E&P sector in Pakistan is focused on intensifying field development activities, completion of ongoing development projects and utilization of latest production techniques to augment oil and gas production volumes from its owned and operated joint venture fields. It is estimated that around 750,000 jobs would be generated during the exploration of shale oil and gas, thus offering sustainable livelihoods in least developed areas. Field Acronyms EUR_MMBOE = Estimated ultimate recovery in million barrels of oil equivalent Giant oil and gas fields = those with 500 million barrels (79,000,000 m3) of ultimately recoverable oil or gas equivalent. The report suggests that the development of shale oil and gas is more labour intensive as compared to conventional resources, especially during the drilling phase, which can accommodate both skilled and semiskilled labourers. Sui is Pakistan Petroleum Limited’s flagship gas field. By continuing to browse the site, you agree to our use of cookies. 13: Pakistan Petroleum Ltd 92 (51) 5487589-97. The Company continued with its strategies of accelerating oil and gas exploration, adding to its reserves, early development of newly discovered fields and strengthening of its oil and gas production base in order to enhance indigenous production of the country and create value for its shareholders Further, Pakistan as the largest consumer of the gas has a total resource potential of 282 trillion cubic feet with recoverable reserves estimated at 24 trillion cubic feet and production of almost 4 billion cubic feet per day. That’s why 90% of the Fortune 500, and companies of all sizes around the world, rely on Dun & Bradstreet to help grow and protect their businesses. It sketches a complete framework for initiating the exploration process and also highlights the potential to generate economic activity and benefits that can be accrued to thousands of Pakistanis. The same company plans to drill more than 450 wells over the next 3 years along the Pakistani border. Sui is Pakistan Petroleum Limited’s flagship gas field. Oil & Gas Development Corporation was established in September, 1961 subsequently, incorporated as a joint stock company with listing at local stock exchanges under the name of Oil and Gas Development Company Limited (OGDCL). This shows that since independence, only 27% of the area of KPK has been explored for oil & gas. You can also compare the Oil & Gas companies here and find the best Oil & Gas companies here. In August, the OGDCL discovered new oil and gas reserves in the district of Kohat, Khyber Pakhtunkhwa (KP). It also looks at the strong nexus that exist between energy and employment generation. Consent is not a requirement of purchase. Find detailed information on Oil & Gas Field Services companies in Pakistan, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Pakistan Petroleum Limited operates producing fields in Balochistan, Sindh and the Punjab: Sui Gas Field; Kandhkot Gas Field; Adhi Field; Mazarani Gas Field; Chachar Gas Field; Hala Block. By clicking the button above, you agree to our Terms of Use. The Sui gas field was discovere d in 1952 and its exploration was star ted commercially in … At its peak during 1986, the field was producing approximately 2,400 barrel of oil per day. While highlighting indigenous potential of oil and gas, HELP says that the domestic oil and gas sector has enormous potential. One of the fundamental causes of the economic crisis are energy imports. See our Privacy Notice to unsubscribe. Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. Pakistan production of crude oil was at level of 85 thousand barrels per day in September 2020, unchanged from the previous month. Super giant oil field = holds equivalent of 5.5bn barrels of oil reserves. Tender Notices according to the country sectors/categories. Geological data is available for the offshore basin but only sixteen exploration wells have been drilled in Pakistan offshore so far and the potential has not yet been identified. Click here to view the government, semi-government, PSU etc. The leading global oil, gas and energy news resource. Find detailed information on Oil & Gas Field Services companies in Pakistan, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. It also raises the red flag asking as to why Pakistan companies are not active for E&P activities in this area since long and if Pakistan’s oil and gas reserves going to Indian side. At the time of independence (1947), Pakistan inherited four producing fields… Shahdadpur Gas Field; Shahdadpur West Gas Field; Kabir; Dhok Sultan Block. In the USA and Canada, the daily production of Shale Gas is 32 BCF and 4 BCF, whereas in China and Poland, despite heavy utilisation, the production is 600 and 150 million Cubic Feet per day respectively. By clicking the button above, you agree to our Terms of Use and consent to our contact process. See how easy it is to find qualified sales leads that align to your target markets and be better prepared to engage with decision makers so you can win their business every time with the new D&B Hoovers. Yet only 27,710 square kilometers located in Khyber Pakhtunkhwa has been explored. As of April 2017, an area of around 361,218.72 square kilometers out of a total sedimentary area of 827,268 sq. We use cookies for marketing and advertising purposes, and to provide the best experience on our website. The HELP document endorsed and heavily praised, by national and international czars hailing from energy and financial sectors such former Petroleum Ministry Engineer G A Sabri, international consultant for energy and climate change Farrukh Mahmood Mian, MD OGDCL and former additional secretary Mohammad Naeem Malik, former MD Pepco Tahir Basharat Cheema, former finance minister of Pakistan and currently adviser to Punjab government on finance and development Dr Salman Shah, former deputy chairman Planning Commission Dr Akram Sheikh and former OGDCL MD Mohammad Raziuddin, highlighted the fact, saying that on the map of petroleum producing states, the Indian State of Rajasthan was till recently in 2009-10 a backward state with vast stretches of desert. Pakistan Oilfields Limited (POL) is a leading oil and gas exploration and production company listed on all the three stock exchanges of Pakistan. PAKISTAN-1 Only two giant gas fields-Sui and Mari (? Oil and gas reserves of Pakistan: Pakistan companies are not active for E&P activities in this area since long and if Pakistan’s oil and gas reserves going to Indian side. The basin, especially the Jaisalmer Basin has resources with a potential of 7.8 billion barrels. The gas field was discovered in the late 1952 and the commercial exploitation of the field … Gas demand was estimated at 6.9 billion cubic feet per day for 2017/18, according to Pakistan’s Oil & Gas Regulatory Authority, nearly 3 billion cubic feet more than daily output. Suggests reforms to be used for 20 years at the strong nexus that exist between energy employment! Pakistan ( reported in 2009 ) grown steadily since then, producing both and. Company Carin is planning to invest an additional $ 5.4 billion to increase production., Balochistan factory usage the Jaisalmer basin has resources with a potential of 7.8 billion of. Fields, Khaur, Dhullian, Joya Mair, and we 'll contact you soon years at the due... 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