Pakistan’s Oil production during 2nd quarter 2020-21 down by 6 per cent year on year to 76,331 barrels of oil per day due to decline in production of Tal block
KARACHI: Oil and Gas production down 6 per cent and 4 per cent, respectively in 2nd quarter of current fiscal year 2020-21. Five oil fields and four gas fields added in the system.
Pakistan’s Oil production during 2nd quarter 2020-21 fell by 6 per cent year on year to 76,331 barrels of oil per day due to decline in production of Tal block fields like Mardankhel and Makori Deep by 27 per cent and 31 per cent YoY, respectively. Oil production during first half (July-Sept) went down at the same rate of 6 per cent YoY.
The production from Chanda, Maramzai, and Makori East increased in range of 5-46 per cent YoY. Chanda’s production increased due to induction of Chanda-5 well. Production from Nashpa increased 7 per cent quarter to quarter as field was on an annual turnaround in the last quarter (Sep 03-09, 2020), a report of the Topline brokerage house said.
As per PPIS data, five new fields were inducted to production line during Oct-Dec 2020 namely Baqa (300+ bopd; operated by UEP), Saand (100+ bopd; operated by OGDC), Tando Allay Yar SW (90+ bopd; operated by OGDC), Bolan East (800+bopd; operated by MARI) and Mangrio (200+bopd; operated by OGDC).
Pakistan gas production declined by 4 per cent YoY to 3,409 mmcfd as flows from KPD, Kandhkot and Qadirpur fell in the range of 6-18 per cent. During first half 2020-21, production declined by 3 per cent YoY, the report said.
During 2nd quarter 2020-21, Kandkhkot field’s production declined due to lesser off-take from Gencos. Mari field filled those Kandhkot fields flows as depicted from 12 per cent YoY increase in its production.
Four new fields Saand (7+ mmcfd; operated by OGDC), Tando Allah Yar SW (9+ mmcfd; operated by OGDC) and Mangrio (3+ mmcfd; operated by OGDC) and Baqa (1mmcfd, operated by UEPL) were added to production line.