Pakistan's Oil and Gas Sector Sees Strong Growth in H1 2025

Pakistan's oil and gas sector experienced significant growth in the first half of 2025, driven by new discoveries and development activities. The country's total oil reserves increased by 3% to 239.6 million barrels, while gas reserves rose by 5% to 19 trillion cubic feet. Mari Energies Limited led the sector's performance, reporting a 12% rise in its reserves.

Key Takeaways:

Total oil reserves increased by 3% to 239.6 million barrels, with Mari Energies Limited leading the sector's performance with a 12% rise in its reserves.
Gas reserves rose by 5% to 19 trillion cubic feet, primarily due to successful exploration in the Shewa and Spinwam blocks in Waziristan.
Mari's gas reserves at Mari Ghazij increased by 26%, while Shewa's reserves rose by 63%.
Oil reserves in Shewa climbed to 5.8 million barrels, while OGDC recorded a 4% rise in oil reserves and a 12% increase in gas reserves at Bettani.
PPL's gains were driven by developments in Shahdadpur, and POL maintained stable oil reserves and saw its gas reserves at Pindori double.
New discoveries like the Razgir field contributed additional gas volumes, underscoring the success of ongoing exploration and development efforts.

Statistics:

Total oil reserves: 239.6 million barrels (up 3% from previous period)
Gas reserves: 19 trillion cubic feet (up 5% from previous period)
Mari Energies Limited's oil reserves: 9.6 million barrels (up 12% from previous period)
Mari Energies Limited's gas reserves: 5.5 trillion cubic feet (up 12% from previous period)
OGDC's oil reserves: 18.5 million barrels (up 4% from previous period)
OGDC's gas reserves: 8.2 trillion cubic feet (up 12% from previous period)
PPL's gains: Driven by developments in Shahdadpur
POL's gas reserves at Pindori: Doubled from previous period
Razgir field gas volumes: Contributed additional gas volumes

Sources:

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