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57 Pages

Pakistan upstream summary


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. Qadirpur and Mari are the largest producing gas fields in the country, but production is declining. The country is already facing a gas deficit which will widen over the next five years. The government has announced two major petroleum policies,since 2011, with attractive fiscal terms designed to increase ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.63 MB 57 Pages, 38 Tables, 20 Figures
  • Country Overview XLS - 1.55 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Indus basin
    • Balochistan
    • Offshore indus basin
    • Offshore makran basin
  • Exploration
    • Licensing
    • Historic licensing
      • Licensing Rounds (1989 - 2006)
      • 2009 Licensing Round
      • 2012 Licensing Round
      • Open Acreage
      • Licensing trends
    • Drilling
      • Drilling activity
    • Early Years
    • 1950 - 1970
    • 1980 - 2000
    • 2000 - 2010
    • Recent and future drilling
      • Success rates
  • Reserves and resources
  • Production
    • Oil/Liquids
      • Liquids Production
    • Gas
      • Gas Production
  • 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
  • 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)
    • State oil company
    • Privatisation programme
      • OGDC
      • Pakistan Petroleum Limited (PPL)
      • SNGPL and SSGCL
    • Licensing
    • Type of Contract
      • Reconnaissance Permit
      • Petroleum Exploration Licence
      • Development and Production Lease
    • 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
      • Carry and Reimbursement
      • Bonuses, rentals and fees
      • Royalty and other production taxes
      • Indirect Taxes
      • Value Added Tax (VAT)
      • Import Duties
      • Withholding tax on sub-contractors
      • Export duty
      • Environmental / CO2 taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
    • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
      • Pre-1994 Pricing
      • 1994 Pricing Policy
      • 1999 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 foward
    • 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

In this report there are 58 tables or charts, including:

  • Executive summary
    • Liquids Production
    • Gas Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2015
  • Geology
    • Map of Basins
    • Upper Indus Stratigraphic Chart
    • Middle and Lower Indus Stratigraphic Chart
    • Balochistan Stratigraphic Chart
  • Exploration
    • Blocks Awarded and Relinquished (2006-2015)
    • Licensing Activity 2005 - 2010
    • Exploration: Table 1
    • Exploration Drilling by Basin
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Infrastructure: Table 1
    • Oil Infrastructure Map
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Policy and regulation: Image 1
    • Pakistan Exploration Zones (2001 Onshore and Offshore Petroleum Policies) Map
    • 2001 Petroleum Policy Offshore Exploration Zones Detail Map
  • Fiscal terms
    • 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
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