Asset Report

Badin Fields

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The fields were discovered by BP and its predecessors over a period of 25 years, on five consecutive exploration licences: Badin-I, Badin-II, Badin-II Revised, Badin-III and Mehran. The majority of fields and reserves were discovered in the 1980s and early 1990s on the Badin-I and Badin-II concessions. In September 2011, BP sold the assets to Hong Kong-based United Energy Group (UEG) for US$775 million. UEG has made significant capital investments since late-2011 which have helped increase production after a sharp fall in 2011.

Table of contents

  • Summary
  • Key Issues
    • Badin I
    • Badin II
    • Badin II (Revised)
    • Badin III and Mehran
    • Union Texas Pakistan becomes BP
    • BP sells assets to UEG
    • Exploration activity by UEG
    • Exploration activities in 2000s
    • 7 more item(s)...
  • Capital Costs
  • Cash Flow
  • Condensate price
  • Gas price
  • Global Economic Model (GEM) file
    • Badin I
    • Badin II
    • Badin II (Revised)
    • Badin III
    • Fateh Shah
  • Indicative Technical Valuations

Tables and charts

This report includes the following images and tables:

  • Index map
  • Badin concessions map
  • Participation
  • Capital Costs Pre-2016 to 2024 (US$ million)
  • Operating Costs 2024 to 2033 (US$ million)
  • Heads of Agreement price
  • Badin Compression Prices (75% HSFO)
  • Associated Gas Prices
  • Badin 1988 Prices (66% HSFO)
  • Indicative Technical Valuations
  • Reserves (2P) at 01/01/2026
  • 38 more item(s)...

What's included

This report contains:

  • Document

    Badin Fields

    XLS 1.54 MB

  • Document

    Badin Fields

    PDF 5.10 MB