Pakistan's oil output slips 3%, gas production climbs 4% WoW

Pakistan's oil output dropped to 68,194 barrels per day during the week of August 1 to 8, down from 70,625 in the prior week. Mettis Global said the 3.4% fall was driven mainly by reduced flows at Nashpa, based on research by Arif Habib Limited. Gas output moved the other way, climbing 4% to 2,939 million cubic feet per day from 2,825 a week earlier, helped by a recovery at the Uch field.

Among the listed companies, OGDC's output fell 4.4% to 35,795 barrels per day, while PPL dropped 3.8% to 11,210. POL's oil volume eased 2% to 4,004 barrels per day, whereas MARI was the sole gainer among the four, rising 1.5% to 976 barrels. On gas, OGDC climbed 6.3% to 616 million cubic feet per day and MARI gained 3.9% to 1,010, whereas PPL fell 3.1% to 532 and POL dipped 1.2% to 63.

At field level, Nashpa recorded the steepest weekly oil decline, down 10.3% to 9,759 barrels per day, while Adhi lost 2.7% and Kunner Pasaki Deep 3.8%. Uch was the standout gas performer, with output jumping 77.3% to 255 million cubic feet per day from 144 a week earlier, driving the national rise. Mari field output rose 4.0% to 963 million cubic feet per day, while Nashpa gas slumped 15.8% to 83 million, and Sharf and Kandhkot fell 6.6% and 5.2%.