Pakistan Oil & Gas Report

Providing expert analysis, independent forecasts and competitive intelligence on the oil and gas industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Oil & Gas Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles, Competitive Landscape and Global and Regional Overview.

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  • Get a full view of the competitive landscape to assess your market position
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Pakistan Oil & Gas Report
Product Price
$1,295.00

BMI View: While a string of recent exploration successes boosted Pakistan's oil and gas in the past few years, we forecast the country's reserves to continue declining over the next decade due to excessive use and lack of new significant discoveries. Nonetheless, recent discoveries and greater private sector involvement in the upstream sector pose an upside risk to our forecast and could stimulate much needed investment , thus helping the country temper or reverse the negative trend.

Headline Forecasts (Pakistan 2013-2019)
2013 2014 2015f 2016f 2017f 2018f 2019f
Source: BMI/EIA
Crude, NGPL & other liquids prod, 000b/d 85.2 98.2 100.6 102.6 103.8 105.9 107.8
Refined products production, 000b/d 223.4 201.4 224.1 241.9 237.3 232.9 230.0
Refined products consumption & ethanol, 000b/d 437.3 454.8 468.4 477.8 482.6 502.8 523.4
Dry natural gas production, bcm 38.9 38.9 39.3 39.7 39.3 38.9 38.5
Dry natural gas consumption, bcm 38.9 38.9 39.9 41.4 41.4 42.2 42.6
Brent, USD/bbl 108.70 99.50 55.00 54.00 53.00 60.00 64.00

Latest Updates and Key Forecasts:

  • Rostec's plan to build a USD2.5bn gas pipeline in Pakistan from Lahore to Karachi will improve domestic pipeline connectivity, which supports our forecasts for domestic gas demand to grow steadily over the next 10 years.

  • On September 1 2015, the Pakistani government increased the price of natural gas for domestic customers and industry. We believe that higher domestic gas prices in Pakistan will invite greater international investment in its E&P sector and pose an upside risk to the country's long-term gas production growth and minimise the cost burden of LNG imports on the government.

  • Completion of the Baluchistan Oil Refinery has boosted Pakistan's refining capacity to 402,000b/d in 2015.

  • In October, Austrian oil and gas company OMV discovered gas in the Latif South-1 exploration well, located in Pakistan's Latif exploration licence.

  • In September, Hungarian oil group Magyar Olaj-es Gazipari Nyrt made an oil and natural gas discovery in the Karak block in Pakistan.

  • In September, Pakistan-based Oil and Gas Development Company Limited (OGDCL) made a new discovery at the exploratory well Aradin-I at the Khewari exploratory licence in Khairpur District in Sindh Province, Pakistan.

  • In September, Pakistan Petroleum Limited (PPL) made a gas and condensate discovery at its Fazl X-1 exploration well in the Block 2568-13 in Matiari District in Sindh Province, Pakistan.

  • In August, PPL hit petroleum at the Kabir X-1 exploration well in the Gambat South exploration licence in the Sanghar district of the Sindh region.

BMI Industry View
7
Table: Headline Forecasts (Pakistan 2013-2019)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
11
Upstream Exploration
11
Latest Updates
11
Structural Trends
11
Upstream Projects
16
Table: Pakistan Major Upstream Projects
16
Upstream Production - Oil
21
Latest Updates
21
Structural Trends
21
Table: Oil Production (Pakistan 2013-2018)
21
Table: Oil Production (Pakistan 2019-2024)
22
Upstream Production - Gas
23
Latest Updates
23
Structural Trends
23
Table: Gas Production (Pakistan 2013-2018)
24
Table: Gas Production (Pakistan 2019-2024)
24
Refining
25
Latest Updates
25
Structural Trends
25
Table: Refining Capacity and Refined Products Production (Pakistan 2013-2018)
27
Table: Refining Capacity and Refined Products Production (Pakistan 2019-2024)
27
Refined Fuels Consumption
28
Latest Updates
28
Structural Trends
28
Table: Refined Products Consumption* (Pakistan 2013-2018)
29
Table: Refined Products Consumption* (Pakistan 2019-2024)
30
Gas Consumption
31
Latest Updates
31
Structural Trends
31
Table: Gas Consumption (Pakistan 2013-2018)
33
Table: Gas Consumption (Pakistan 2019-2024)
34
Trade - Oil
35
Crude Oil Trade Forecasts
35
Latest Updates
35
Structural Trends
35
Table: Crude Oil Net Exports (Pakistan 2013-2019)
36
Table: Crude Oil Net Exports (Pakistan 2019-2024)
37
Fuels Trade Forecast
37
Latest Updates
37
Structural Trends
37
Table: Refined Fuels Net Exports (Pakistan 2013-2018)
38
Table: Refined Fuels Net Exports (Pakistan 2019-2024)
39
Trade - Gas (Pipeline and LNG)
40
Latest Updates
40
Structural Trends
40
Table: Gas Net Exports (Pakistan 2013-2018)
44
Table: Gas Net Exports (Pakistan 2019-2024)
45
Industry Risk Reward Ratings
46
Industry Risk Reward Index
46
Table: Asia: Upstream Risk/Reward Index
47
Table: Asia: Downstream Risk/Reward Index
50
Pakistan Risk/Reward Index
53
Market Overview
55
Pakistan Energy Market Overview
55
Regulatory Structure
55
Fiscal Regime
56
Table: Pakistan - Upstream Tax Regime
56
Licensing Regime
56
Table: Pakistan - Contracts and Licensing Regime
56
Licensing Rounds
56
Oil And Gas Infrastructure
57
Oil Refineries
57
Table: Refineries In Pakistan
57
Oil Storage Facilities
58
Oil Terminals/Ports
58
Oil Pipelines
58
LNG Terminals
58
Competitive Landscape
63
Competitive Landscape Summary
63
Table: Key Players - Pakistan Oil & Gas Sector
64
Company Profile
65
Oil and Gas Development Company (OGDCL)
65
Pakistan Petroleum (PPL)
69
Pakistan State Oil (PSO)
74
Pakistan Oilfields
78
Shell Pakistan
81
Other Summaries
84
Regional Overview
92
Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production
92
Glossary
103
Table: Glossary Of Terms
103
Methodology
105
Industry Forecast Methodology
105
Source
107
Risk/Reward Index Methodology
107
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
109
Table: Weighting
110

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.