Upstream Highlights

Pakistan enjoys an ideal geographic and strategic location serving as a hub for international energy supply routes. The highlights are as below.

RESOURCE	POTENTIAL	EXPLOITED SO FAR
Oil (Billion US Barrels)	27	0.9
Gas (Trillion Cubic Feet)	280	54

There are still abundant reserves in Pakistan that are yet to be explored. To ramp up production from existing wells and tap into the unexplored reserves, serious measures need to be taken. In light of the current energy crisis, Government of Pakistan has introduced a flexible and attractive package for onshore and offshore petroleum exploration through the Petroleum Policy 2009.

Oil & Gas Reserves

	ORIGINAL RECOVERABLE	CUMULATIVE PRODUCTION	BALANCE RECOVERABLE
Oil Reserves (Million Us Barrels)	944.31	680.30	264.01
Gas Reserves (Trillion Cubic Feet)	55.10	27.60	27.60

In last five years, Ministry of Petroleum & Natural Resources has granted 83 licenses to various Exploration and Production (E&P) companies including 16 international groups such as BP of UK, Eni of Italy, MOL of Hungary, OMV of Austria, BHP of Australia, NIKO Resources of Canada, amongst many others. The E&P industry has also committed an investment of 455 Million US$ in the oil & gas sector.

Upstream Sector Highlights

Exploration Wells (To-Date)	789 (Including 66 wells drilled before 1947
Appraisal/Development Wells (To-Date)	1072 (Including 33 wells drilled before 1947)
Total	1861
Sedimentary Area	827,268 SQ. KMS.
Drilling Density (Well/1,000 Sq. Kms.)	2.25
Total Discoveries	242
Oil	56
Oil & Gas/Gas/Gas Condensate	186
Over All Success Rate	1:3.26
Area Under Exploration	278,475.20 SQ. KMS. (30%)
Exploration Licence Held	133
By Private Sector	98
Local	54
Foreign	44
By OGDCL	35
Active Leases	130
Number Of Operators	28 (Out of which 11 are Local)
Oil Production (September 2011)	62,595.00 BOPD
Gas Production (September 2011)	4,151 MMCFD