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Pakistan E&Ps: Major jump seen in Pakistan’s gas reserves

​Pakistan Petroleum Information Services (PPIS) has recently revised reserves data, where Pakistan’s total gas reserves (2P and conventional) have been upgraded by 11% to 21.23tcf, while oil reserves are down 1% to 346.74mmbbl.

The sizable upgrade in gas reserves is largely attributed to significant upgrade in the Mari block (revised up 64%) following aggressive activity propelled by the incentive of 2012 PP price. Notably, there were no upgrades for Adhi and Kandhkot where drilling activity has risen manifold of late and management guidance pointed to upgrades.

Tal block saw massive jump in its hydrocarbon reserves, courtesy Mardankhel, which commenced production in Nov’16 but now accounts for 35%/61% of the block’s oil/gas reserves. This offset downgrades in older fields, Makori and Manzalai