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Pakistan is confronted with the problems of a rapidly increasing population, a sizable government deficit, and a heavy dependence on foreign aid. Domestic crude oil production is not forecast to increase while internal consumption - currently running at 300,000 BOPD - continues to rise.
Much of Pakistan is underlain by a thick sedimentary succession in two main basins: the Baluchistan to the west and the Indus to the east. The latter is subdivided into the Upper Indus (including the Kohat-Potwar Depression), the Central Indus (the Sulaiman Basin) and the Lower Indus (including the Kirthar and Karachi troughs). While hydrocarbons have been found throughout the Indus Basin, no reserves have – as yet – been discovered in the Baluchistan Basin. Current industry activity is being concentrated in the Kohat-Potwar Depression and Karachi Trough. As of March, 1995, proven reserves were 491 MMBBLS of oil and 31 TCF of gas. Current production is 60,000 BOPD and 1.7 BCF/D of natural gas.
Pakistan has three refineries with a total capacity of 121,000 BOPD and seven gas plants with a total capacity of 1.4 BCF/D. There is a extensive network of gas, oil and petroleum products pipelines spanning the central and eastern portions of the country. There is an adequate supply of professional and technically skilled labour and an abundance of unskilled or semi-skilled laborers.
The government has recently introduced a new oil and gas policy aimed at facilitating foreign investments, cutting red tape and streamlining the bureaucratic decision-making process.
For more information contact:
Petrel Robertson Consulting Ltd.
500, 736- 8th Avenue S.W.
Phone: (403) 218-1618
Fax: (403) 262-9135
This summary, part of Petrel Robertson’s 1995 summary of exploration and development opportunities in 31 countries around the world, has not been updated. Some of the information, particularly relating to political and economic issues, is thus out of date. It is included, however, to demonstrate the breadth and depth of Petrel’s work in each of these nations.