Asset Report
Badin Fields
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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$775 million. UEG has made significant capital investments since late-2011 which have helped increase production after a sharp fall in 2011.
Table of contents
- Summary
- Key Issues
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Historic participation
- Badin I
- Badin II
- Badin II (Revised)
- Badin III and Mehran
- Union Texas Pakistan becomes BP
- BP sells assets to UEG
- Exploration activity by UEG
- Exploration activities in 2000s
- 7 more item(s)...
- Capital Costs
- Cash Flow
- Condensate price
- Gas price
- Global Economic Model (GEM) file
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Cash Flow
- Badin I
- Badin II
- Badin II (Revised)
- Badin III
- Fateh Shah
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Index mapBadin concessions mapParticipation
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Capital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2024 to 2033 (US$ million)Heads of Agreement priceBadin Compression Prices (75% HSFO)Associated Gas PricesBadin 1988 Prices (66% HSFO)Indicative Technical ValuationsReserves (2P) at 01/01/2026
- 38 more item(s)...
What's included
This report contains:
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