Pakistan Oil & Gas Report

Published 02 March 2015

  • 148 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Pakistan Oil & Gas Report

BMI View: We believe Pakistan's oil and gas reserves will continue dwindling over the forecast period due to excessive utilisation and lack of significant discoveries. However, several recent exploration successes and government's efforts to incentivise exploration and production pose an upside to our projections and could mitigate the negative trend, especially towards the second half of our forecast period.

Headline Forecasts (Pakistan 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 62.7 64.6 66.1 67.5 68.3 69.7 71.0
Refined products production & ethanol, 000b/d 161.4 201.4 224.1 241.9 237.3 232.9 230.0
Refined products consumption & ethanol, 000b/d 462.3 480.8 495.3 505.2 510.3 531.1 552.6
Dry natural gas production, bcm 36.4 36.4 36.7 37.1 36.7 36.3 36.0
Dry natural gas consumption, bcm 36.4 36.4 37.3 38.7 38.7 39.4 39.8

Key industry developments:

  • According to reports in late January 2015, Pakistan's government is nearing a 15-year long-term liquefied natural gas (LNG) deal with Qatar at an estimated price of USD8-USD10/mn british thermal unit (mnBTU).

  • In December 2014, Pakistan-based Sui Northern Gas Pipe Lines Company (SNGPL) was facing a shortage of 52.1mn cubic metres of gas a day (Mcm/d) due to extreme weather conditions in the country. A fire at the Sui gas field has further deteriorated the supply condition and SNGPL is now only supplying gas to the power plants on dedicated lines.

  • In December 2014, Pakistan Petroleum Limited (PPL) has hit another gas-condensate discovery with the exploratory well Kinza X-1 in district Sanghar in Sindh. The discovery is the fourth in the Gambat South Block, following Wafiq, Shahdad and Sharf gas-condensate discoveries.

  • In early December 2014, state-owned Oil and...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Oil And Gas Reserves
10
Table: Pakistan Proven Oil & Gas Reserves And Total Petroleum Data, 2012-2017
10
Table: Pakistan Proven Oil & Gas Reserves And Total Petroleum Data, 2018-2023
11
Table: Risks To Pakistan's Water Sector
15
Oil Supply And Demand
16
Table: Pakistan Oil Production, Consumption And Net Exports - Historical Data And Forecasts, 2012-2017
16
Table: Pakistan Oil Production, Consumption And Net Exports - Long-Term Forecasts, 2018-2023
16
Gas Supply And Demand
18
Table: Pakistan Gas Production, Consumption And Net Exports, 2012-2017
18
Table: Pakistan Gas Production, Consumption And Net Exports, 2018-2023
20
Refining And Oil Products Trade
24
Table: Pakistan Refining Production And Consumption - Historical Data & Forecasts, 2012-2017
24
Table: Pakistan Refining Production And Consumption, 2018-2023
25
Revenues/Import Costs
26
Key Risks To BMI's Forecast Scenario
26
Industry Risk Reward Ratings
27
Asia - Risk/Reward Ratings
27
Table: Asia's Oil & Gas Risk/Reward Ratings
28
The Upstream Leaders
28
Resource-Rich Countries Hit By State Involvement
31
Table: Asia Upstream Sector Risk/Reward Ratings
33
Downstream Support
33
Table: Asia O&G Downstream Risk/Reward Ratings
38
Pakistan Risk/Reward Ratings
39
Market Overview
41
Pakistan Energy Market Overview
41
Overview/State Role
41
Government Policy
43
Licensing Rounds
45
Table: Key Upstream Players
46
Table: Key Downstream Players
46
Oil And Gas Infrastructure
47
Oil Refineries
47
Table: Refineries In Pakistan
47
Oil Storage Facilities
48
Oil Terminals/Ports
48
Oil Pipelines
48
LNG Terminals
48
Gas Storage Facilities
49
Gas Pipelines
50
Competitive Landscape
54
Competitive Landscape Summary
54
Table: Key Players - Pakistan Oil & Gas Sector
55
Company Profile
56
Oil and Gas Development Company (OGDCL)
56
Pakistan Petroleum (PPL)
61
Pakistan State Oil (PSO)
65
Pakistan Oilfields
69
Shell Pakistan
71
Other Summaries
74
Regional Overview
81
Asia Overview
81
The World's Largest Oil Guzzler
81
Tightening In The Downstream
85
Gas Market Potential Set To Outshine Oil
89
A Hot Market For LNG
93
The Centre Of The LNG Price Debate
96
Global Industry Overview
98
Global Energy Market Overview
98
OPEC Reconsiders Modus Operandi
100
Production Outages Look Likely To Persist
101
Global Oil Demand Picks Up
102
Capex Growth Cycle Shifting Gears
104
Table: BMI Oil Price Forecasts, Annual Average, USD/bbl
104
Appendix
107
Asia - Regional Appendix
107
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
107
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
108
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
109
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
109
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
110
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
111
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
112
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
113
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
114
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
114
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
115
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
116
Pakistan - Refined Products Breakdown, 10-year Forecast
118
Table: Refined Petroleum Products, Production Breakdown, 2012-2017
118
Table: Refined Petroleum Products, Production Breakdown, 2018-2023
119
Table: Refined Petroleum Products, Consumption Breakdown, 2012-2017
121
Table: Refined Petroleum Products, Consumption Breakdown, 2018-2023
122
Table: Refined Petroleum Products, Net Exports Breakdown, 2012-2017
123
Table: Refined Petroleum Products, Net Exports Breakdown, 2018-2023
124
Glossary
126
Table: Glossary Of Terms
126
Methodology
128
Industry Forecast Methodology
128
Source
130
Risk/Reward Ratings Methodology
130
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
132
Table: Weighting
133

The Pakistan Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Pakistan including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Pakistan Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Pakistani oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Pakistan to test consensus views - a key input for successful budgeting and strategic business planning in the Pakistani oil and gas market.
  • Target business opportunities and risks in the Pakistani oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Pakistan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

  • Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – USD/bbl) at global hubs.
  • Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.
  • Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMI’s Oil & Gas Risk Reward Index

BMI’s Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

A profile of the upstream and downstream sectors, including analysis of reserves, output, consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Competitive landscape

Comparative company analyses by USD sales, % share of total sales, number of employees, year established, ownership structure, oil production (‘000b/d), gas production (bcm), downstream capacity (‘000b/d) and % market share.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Regional Overview

Regional perspective on size and value of the industry. Plus comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Global Oil Market & Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2024 for oil, gas and oil products.

Sources

The Oil & gas Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc