FY 2021: Oil production rises by 24pc

KARACHI: Pakistan home oil manufacturing has greater via 24 % to 75,575 bpd all over the fiscal yr ended on June 30, (FY21).

The remaining yr’s manufacturing was once decrease because of Covid-19 led lockdowns, which limited general throughput of oil and fuel fields amidst decrease call for, professionals stated.

Pakistan oil manufacturing within the fourth quarter of FY21 was once down via 3 % on QoQ to 74,736bpd as decline was once visual in just about all main fields given beneath specifically Nashpa, Adhi, MakoriEast, Maramzai, Chanda, Mardankhel and Makori Deep (to the music of 2-17 %), Shankar Talreja at Topline Securities stated.

Manufacturing from Tal Block fields like Makori East, Mardankhel, Makori Deep and so on. dropped because of Annual Flip-Round (ATA) in Mid Apr-2021, he added.

Manufacturing from KPD fields additionally declined because of Annual Flip-Round on the finish of Jun-2021.

Two new oil fields had been injected into all over the quarter (1) Benariand (2) Gagani, with cumulative manufacturing flows of ~70-80bpd.

Pakistan home fuel manufacturing remained flattish on QoQ to a few,509mmcfd all over the fourth quarter of FY21, regardless of fuel shortages making headlines all over remaining couple of weeks of June-2021.

Build up in fuel flows was once witnessed from Uch box (up 10 % on QoQ) and Mari box (up 3 % on QoQ). The flows from the latter greater regardless of decrease offtake to FFC (as a result of turnaround) as Mari diverted flows to the nationwide grid (Guddu), Shankar Talreja stated.

Kandhkot box’s manufacturing declined via 4 % on QoQ because of decrease call for via Gencos.

All the way through FY21 fuel manufacturing declined via 2 % to a few,511mmcfd basically because of 13 % and 17 % decline in flows from Qadirpur and Kandhkot, respectively.

All the way through the outgoing quarter, two new wells had been injected in manufacturing line specifically Benari and Gagani, with cumulative flows of 7-8mmcfd.

Copyright Trade Recorder, 2021

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