Oil production jumps 24 percent to 75,575 bpd in FY21

Oil production

The production of oil in Pakistan increased by 24% during the fiscal year 2020-21 whereas the production of gas came down slightly by 2% during this year. The oil production was recorded to be at 60,993 barrels per day (bpd) during the fiscal year 2019-20 but during the previous fiscal year, the oil production was found to be 75,575 bpd.  

The increase was despite the fact that there has been a decrease in the production of oil from Makhori Deep by 37% and 14% from Mardankhel. As far as the production of gas is concerned, a little decline in the production of the same was found during the last fiscal year. During the fiscal year 2019-20, the production of gas was 3,589 million cubic feet per day (mmcfd) while it was found to be 3,511 mmcfd during the previous fiscal year.

Read more: Pakistan to open new oil, gas exploration blocks through competitive bidding

Mr. Shunkar Talreja of Topline Securities says that Pakistan’s oil production during the last fiscal year was less by 3% Quarter on Quarter (QoQ) to 74,700 bpd as the decrease was clear in almost all important fields like Nashpa, Adhi, Makori East, Maramzai, Chanda Mardankhel, and Makori Dee. 

The production of Makori East, Mardankhel, Makaori Deep, etc. too came down due to the Annual Turn-Around (ATA) in the middle of April.  

Oil production from Kunnar Pasakhi Deep reduced by 13% 

Moreover, the production from Kunnar Pasakhi Deep also reduced by 13% due to the Annual Turn-Around at the end of June. He said that the oil production increased by 24% during the outgoing fiscal year as compared to the fiscal year 2019-20 which was low due to lockdown and as such all the business activities were lesser.  

As far as the production of gas is concerned, it remained flattish Quarter on Quarter (QoQ) during the whole fiscal year 2020-21. Mr. Shankar told that there was an increase in gas flow from Uch field and Mari Field. The flow of the Mari gas field enhanced despite lower offtake to FFC as Mari diverted flows to the national grid.  

The 2% reduction in the production of gas during the outgoing fiscal year was due to a 13% and 17% decrease inflows from Qadipur and Kandhkot.

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