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: Lack of significant new oil and gas and a slowdown in exploration due to sustained weakness in oil prices will continue to pose headwinds to large-scale growth in the Pakistani upstream . However, the strong pipeline of exploration projects and a continuous stream of small discoveries suggest longer-term upside risks to our production forecasts.

Headline Forecasts (Pakistan 2014-2020)
2014 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 98.2 100.6 102.6 103.8 105.9 107.8 109.8
Dry natural gas production, bcm 38.9 39.3 39.7 39.3 38.9 38.5 38.1
Dry natural gas consumption, bcm 38.9 39.9 41.4 41.4 42.2 42.6 43.2
Refined products production, 000b/d 201.4 224.1 241.9 237.3 232.9 230.0 227.2
Refined products consumption & ethanol, 000b/d 454.8 468.4 477.8 482.6 502.8 523.4 544.4
Brent, USD/bbl 99.50 53.60 40.00 53.00 62.00 65.00 71.00

L atest 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 liquefied natural gas (LNG) imports on the government.

  • Completion of the Baluchistan Oil Refinery has taken Pakistan's refining capacity to 402,000b/d as of end-2015, though severe underutilisation of existing capacity will render the country dependent on refined fuels imports through to the end of our forecast period to 2025.

  • In January 2016, Jura Energy reported positive gas flows at its Sara-4 exploration well in the Middle Indus basin. Similarly, state-owned OGDCL hit gas at its Thal East Well #01 in Block 2769-15 in the Sindh Province, reaffirming our view that Pakistan's below-ground potential remains significant.

BMI Industry View
7
Table: Headline Forecasts (Pakistan 2014-2020)
7
SWOT
8
Oil & Gas SWOT
8
Industry Forecast
10
Upstream Exploration
10
Latest Updates
10
Structural Trends
10
Table: Key Discoveries In 2015-2016
12
Table: Proven Oil and Gas Reserves (2014-2019)
13
Table: Proven Oil and Gas Reserves (Pakistan 2020-2025)
13
Upstream Projects
14
Table: Pakistan - Key Upstream Projects
14
Upstream Production - Oil
18
Latest Updates
18
Structural Trends
18
Table: Oil Production (Pakistan 2014-2019)
19
Table: Oil Production (Pakistan 2020-2025)
19
Upstream Production - Gas
20
Latest Updates
20
Structural Trends
20
Table: Gas Production (Pakistan 2014-2019)
21
Table: Gas Production (Pakistan 2020-2025)
21
Refining
22
Latest Updates
22
Structural Trends
22
Table: Refining Capacity and Refined Products Production (Pakistan 2014-2019)
24
Table: Refining Capacity and Refined Products Production (Pakistan 2020-2025)
24
Refined Fuels Consumption
25
Latest Updates
25
Structural Trends
25
Table: Refined Products Consumption (Pakistan 2014-2019)
26
Table: Refined Products Consumption (Pakistan 2020-2025)
26
Gas Consumption
27
Latest Updates
27
Structural Trends
27
Table: Gas Consumption (Pakistan 2014-2019)
29
Table: Gas Consumption (Pakistan 2020-2025)
30
Trade - Oil
31
Crude Oil Trade Forecasts
31
Latest Updates
31
Structural Trends
31
Table: Crude Oil Net Exports (Pakistan 2014-2019)
32
Table: Crude Oil Net Exports (Pakistan 2020-2025)
33
Fuels Trade Forecast
33
Latest Updates
33
Structural Trends
33
Table: Refined Fuels Net Exports (Pakistan 2014-2019)
34
Table: Refined Fuels Net Exports (Pakistan 2020-2025)
35
Trade - Gas (Pipeline And LNG)
36
Latest Updates
36
Structural Trends
36
Table: Gas Net Exports (Pakistan 2014-2019)
39
Table: Gas Net Exports (Pakistan 2020-2025)
40
Industry Risk Reward Index
41
Asia - Risk/Reward Index
41
Upstream Risk/Reward Index: Persistent Oil Price Weakness Underpins Bearish Outlook
42
Table: Asia: Upstream Risk/Reward Index
42
Downstream Risk/Reward Index: Projection For Weaker Economic Growth Undermines India's Scores
45
Table: Asia: Downstream Risk/Reward Index
45
Pakistan Risk/Reward Index
47
Market Overview
49
Pakistan Energy Market Overview
49
Regulatory Structure
49
Fiscal Regime
50
Table: Pakistan - Upstream Tax Regime
50
Licensing Regime
50
Table: Pakistan - Contracts And Licensing Regime
50
Licensing Rounds
50
Oil And Gas Infrastructure
51
Oil Refineries
51
Table: Oil Refineries In Pakistan
51
Oil Storage Facilities
51
Oil Terminals/Ports
51
Oil Pipelines
52
LNG Terminals
52
Table: LNG Terminals In Pakistan
52
Competitive Landscape
55
Competitive Landscape Summary
55
Table: Key Players - Pakistan Oil & Gas Sector
56
Company Profile
57
Oil and Gas Development Company (OGDCL)
57
Pakistan Petroleum (PPL)
61
Pakistan State Oil (PSO)
66
Pakistan Oilfields
70
Shell Pakistan
73
Other Summaries
76
Regional Overview
84
Industry Trend Analysis
84
Glossary
92
Table: Glossary Of Terms
92
Methodology
94
Industry Forecast Methodology
94
Source
96
Risk/Reward Index Methodology
96
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
98
Table: Weighting
99

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.