Oil, gas reserves hit 3.72b BOE

Express Tribune reported that Pakistan's recoverable hydrocarbon base now totals about 3.72 billion BOE as of June 2026, citing an Arif Habib Limited (AHL) research report built on Pakistan Petroleum Information Service (PPIS) figures. Fresh discoveries and upward revisions at several existing fields were enough to cover the decline at older producing areas. Reserve life for the country's hydrocarbons is now close to 19 years, compared with the 15-year level seen as of June in both 2023 and 2024.

Crude reserves rose by 15 per cent over the year to 276 million barrels, and gas holdings went up 9 per cent, reaching 20,664 billion cubic feet. Prior-year figures stood at 240 million barrels of oil and 18,981 bcf of gas. Baragzai made the largest contribution to oil, lifting its reserves to 49.09 million barrels from the 21.01 million barrels logged back in December 2025. Gains also came from Mardankhel, Mamikhel South, Maramzai and Spinwam.

Older fields such as Nashpa and Adhi posted declines, yet the gains elsewhere more than covered them. Among listed producers, OGDC's oil reserves rose 16 per cent to 152 million barrels and PPL's climbed 58 per cent to 33 million barrels, while POL's fell 5 per cent to 14 million barrels. Gas holdings were mixed: Mari rose 15 per cent to 6,353 bcf, while OGDC, PPL and POL each declined.