KARACHI: The country’s domestic crude oil production in 3QFY21 fell by six per cent year-on-year to 77,139 barrels oil per day due to sharp fall in Makori Deep, Mardankhel and Maramzai’s production.
These three fields belong to Tal Block (operated by MOL Pakistan), of which production in total has declined by 13pc to 17,840 barrels per day in January-March quarter compared to 20,597 bpd in the same period last year. The decline in production from Tal Block was contained to 13pc due to 3pc increase in oil production from Makori East (which contributes 54pc to Tal Block and 12pc to country’s production).
According to Shankar Talreja of Topline Securities, during 9MFY21, the country’s oil production is lower by 6pc year-on-year to 75,924 bpd due to decline in flows from Makori Deep, Mardankhel and Nashpa fields.
Pakistan domestic gas production dropped by 3pc in 3QFY21 to 3,550 mmcfd due to lower flows from Qadirpur, Kandhkot, KPD and Maramzai in range of 7-15pc.
He said Mari field’s production increased by 3pc year-on-year and 2pc QoQ as it has replaced Kandhkot field volumes to the national grid. As a result, Kandkot field volumes have come down by 11pc YoY and 1pc QoQ.
On a QoQ basis, gas production increased by 5pc in 3QFY21 due to sharp improvement in flows of Uch Field to 35,013 mmcfd, he added.
On 9MFY21 basis, gas volumes are down 3pc year-on-year to 3,525 mmcfd due to low inflows from Qadirpur, Kandkot, and KPD to the tune of 4-17pc.
Published in Dawn, April 17th, 2021