Country Report
Pakistan upstream summary
Report summary
Pakistan's upstream sector is characterised by production from mature basins where the cost of exploration and development tends to be low. Pakistan is largely a gas-focused country. Mari and Uch are the largest producing gas fields in the country, but production is declining. Pakistan's long-term plans to rely on imported LNG for its rising energy needs have been thrown into disarray by volatile gas prices and the country's own financial instability.The government has announced ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
- Indus basin
- Balochistan
- Offshore Indus basin
- Offshore Makran basin
- Offshore m
-
Exploration
- Licensing
-
Historic licensing
- Licensing Rounds (1989 - 2008)
- 2009 Licensing Round
- 2012 Licensing Round
- 2018 Licensing Round
- 2020 Licensing Round
- 2022 Licensing Round
- 2023 Licensing Round
- Open Acreage
- Licensing trends
-
Drilling
- Drilling activity
- Early years
- 1950 - 1979
- 1980 - 1999
- 2000 - 2009
- 2010 - 2023
- Reserves and resources
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
-
Oil infrastructure
- Crude pipelines
- Terminals
-
Refineries
- Proposed and under-construction refineries
- Indus Refinery
- Khalifa Point Refinery
- Port Qasim Refinery
-
Product pipelines
- PARCO
- Attock Oil
-
Gas infrastructure
- SNGPL
- SSGCL
- Others
- Privatisation plans
-
Gas import
- Import pipelines
- LNG projects
-
Oil infrastructure
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Policy and regulation
- Key legislation
-
Legislation
- Petroleum Exploration and Production Rules 1986
- Mines and Oilfields and Mineral Development Control Act, 1948
- Regulations of Mines and Oilfields and Mineral Development (Government Control) Act, 1948 (Amended 1976)
-
Petroleum Policies
- 1994 Petroleum Policy
- 1997 Petroleum Policy
- 1999 Pricing Policy
- 2001 Petroleum Policy
- 2007 Petroleum Policy
- 2009 Petroleum Policy
- 2012 Petroleum Policy
-
Regulatory body
- The Oil and Gas Regulatory Authority (OGRA)
- Petroleum Division
- State oil company
-
Privatisation programme
- OGDC
- Pakistan Petroleum Limited (PPL)
- SNGPL and SSGCL
- Licensing
-
Type of Contract
- Reconnaissance Permit
- Petroleum Exploration Licence (PEL)
- Development and Production Lease (D&P)
-
License Term / Work Obligation
- Training and Employment
- Domestic Requirement
- Export of Oil
-
Fiscal terms
-
Overview
- Upstream
- Current fiscal terms
-
Concessions
- State equity participation
- Participation Rate
- Bonuses, rentals and fees
- Royalty
- Indirect Taxes
- Value Added Tax (VAT)
- Import Duties
- Withholding tax on sub-contractors
- Export duty
- Environmental / CO2 taxes
- Windfall Levy
- Domestic Market Obligation (DMO)
- Contractor Revenue Entitlement
-
Product Pricing
- Liquids Pricing
- Natural Gas Pricing
- Pre-1994 Pricing
- 1994 Pricing Policy
- 1999 Gas Pricing Mechanism
- 1999 Modified Gas Pricing Mechanism
- 2001 Gas Pricing Mechanism
- 2007 Pricing Policy
- Gas Price Gradient
- Zone Premiums
- 2009 Pricing Policy
- 2012 Pricing Policy
-
Corporate (or Petroleum) Income Tax
- Tax Rate
- Sample Cash Flow
-
Tight Gas Policy
- Royalty
- Windfall Levy
- Other fiscal levies
- Gas pricing
- Income Tax
- Tax Loss Carry Forward
-
Production Sharing Agreements (PSAs)
- Bonuses, rentals and fees
- Other bonuses and fees
- Indirect Taxes
- Value Added Tax (VAT)
- Import duties
- Withholding tax on sub-contractors
- Royalty and other production taxes
- PSC cost recovery
- PSC Profit Sharing
- Corporate (or Petroleum) Income Tax
- Sample Cash Flow
- Marginal Government Take Calculation
-
Historical background
- 1990s
- 2000s
-
Overview
Tables and charts
This report includes 58 images and tables including:
- Liquids Production
- Gas Production
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2023
- Reserves and resources: Table 1
- Liquids and Gas Production and Reserves
- Map of Basins
- Upper Indus Stratigraphic Chart
- Middle and Lower Indus Stratigraphic Chart
- Balochistan Stratigraphic Chart
- Exploration Drilling by Basin
- Liquids Production
- Production: Table 1
- Production: Table 2
- Gas Production
- Production: Table 3
- Production: Table 4
- Policy and regulation: Image 1
- Blocks Awarded and Relinquished (2009-2022)
- Licensing Activity 2018 - 2022
- Active Blocks by Basin
- Infrastructure: Table 1
- Oil Infrastructure Map
- Gas Infrastructure Map
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Pakistan Exploration Zones (2001 Onshore and Offshore Petroleum Policies) Map
- 2001 Petroleum Policy Offshore Exploration Zones Detail Map
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Fiscal terms: Table 8
- Fiscal terms: Table 9
- Fiscal terms: Table 10
- Fiscal terms: Table 11
- Fiscal terms: Table 12
- Fiscal terms: Table 13
- Fiscal terms: Table 14
- Fiscal terms: Table 15
- Fiscal terms: Table 16
- Fiscal terms: Table 17
- Fiscal terms: Table 18
- Fiscal terms: Table 19
- Fiscal terms: Table 20
- Fiscal terms: Table 21
- Fiscal terms: Table 22
- Fiscal terms: Table 23
- Fiscal terms: Table 24
- GEM models
- Fiscal terms: Table 26
What's included
This report contains:
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