Pakistan Petroleum begins gas production at Takri-1 well

Pakistan Petroleum Limited (PPL) announced the commencement of gas production from the Kotri North Joint Venture's (JV) exploratory well, Takri-1, in Sindh.

The well is currently producing around 5.3 million standard cubic feet per day (mmscfd) of gas, which is being processed at United Energy Pakistan Limited’s (UEPL) Aliabad production facility before being supplied to Sui Southern Gas Company.

This new supply is expected to help alleviate the current energy crisis by reducing the gap between gas supply and demand in the national distribution network.

The Kotri North JV consists of UEPL, which operates with a 50% working interest, PPL with a 40% stake, and Asia Resources Oil Limited holding the remaining 10%.

By the end of June 2024, Pakistan's total gas reserves stood at 18,472 billion cubic feet (bcf), marking a 1% increase from 18,339 bcf in June 2023.

Significant gains were observed in the Uch and Mari Ghazij fields, with reserves increasing by 4% and 23 times, respectively.

Conversely, the reserves in the Mari, Kandhkot, Shahdadpur, Sui, Qadirpur, and Zin fields saw declines of 5%, 8%, 8%, 11%, 16%, and 26%, respectively.

On a company basis, gas reserves for the Oil and Gas Development Company (OGDC), PPL, and Pakistan Oilfields Limited (POL) decreased by 8%, 9%, and 11%, respectively.

However, Mari Petroleum Company Limited (MARI) showcased a 17% YoY growth in gas reserves.