Pakistan Indus is an onshore mature exploration basin dominated by high intensity step out drilling. Over the last decade it has attracted the third highest number of exploration wells globally ranking behind Egypt Western Desert and Colombia Llanos. It is also one of the fastest growing exploration provinces ranking in the top 20 globally for the rate of growth in exploration wells. The majority of exploration is concentrated in the Badin licences and on OGDC operated acreage. The activity is spread across two plays: Middle & Upper Indus which is a dry gas play and the Lower Indus where discoveries typically include associated liquid. The bulk of future activity is expected to focus on the Lower Indus play which offers over US$5 Bn of future value creation potential (2016 2035). This report includes discovery and development costs licensing details yet to find volumes and value creation potential. It is accompanied by multiple excel downloads. .