Pakistan Oil and Gas Report - Business Monitor International - Industry Reports

Pakistan Oil and Gas Report

Pakistan Oil and Gas Report - Business Monitor International - Industry Reports
Pakistan Oil and Gas Report
Published Aug 13, 2016
68 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Long-term upside risk comes from greater exploitation of Pakistan s sizeable unconventional potential - namely shale oil and gas. Based on a joint study by the Ministry of Petroleum and Natural Resources and the US Agency for International Development in ----, Pakistan is believed to possess about --.-bn bbl and -.-trn cubic metres of recoverable shale oil and gas reserves, respectively, spread out across the Sembar and Ranikot formations in the Lower Indus basin. ...Long-term upside risk comes from greater exploitation of Pakistan s sizeable unconventional potential - namely shale oil and gas. Based on a joint study by the Ministry of Petroleum and Natural Resources and the US Agency for International Development in ----, Pakistan is believed to possess about --.-bn bbl and -.-trn cubic metres of recoverable shale oil and gas reserves, respectively, spread out across the Sembar and Ranikot formations in the Lower Indus basin. That said, we note that significant challenges remain to large-scale shale development, including unfavourable geology, severe deficit in key infrastructure and scarcity of water resources, which drive up development costs and dissuade potential investment in shale-related projects in the country. As such, we do not anticipate large-scale shale gas production to materialise within the next decade, though acknowledge its significant longer-term potential. Table: Proven Oil and Gas Reserves (---------) ---- ---- ----f ----f ----f ----f Proven oil reserves, mn bbl ---.- ---.- ---.- ---.- ---.- ---.- Proven oil reserves, bn bbl -.- -.- -.- -.- -.- -.- Proven oil reserves, y-o-y --.- --.- --.- --.- --.- ---.- Reserves to production ratio (RPR), years -.- --.- --.- -.- -.- -.- Natural gas proven reserves, bcm ---.- ---.- ---.- ---.- ---.- ---.- Natural gas proven reserves, tcm -.- -.- -.- -.- -.- -.- Natural gas proven reserves, y-o-y --.- --.- --.- --.- --.- --.-

...Nonetheless, the long-term upside to our forecasts lie to the upside, stemming from a string of reported hydrocarbon shows and strong pipeline of exploration projects in Pakistan s prospective basins. Our Upstream Projects Database shows -- exploration projects and -- discoveries (seven of which were made in ----). ...Our Upstream Projects Database shows -- exploration projects and -- discoveries (seven of which were made in ----). The Pakistani government remains active in its efforts to attract greater international investment into its upstream sector (to counter falling oil and gas production) by implementing supportive policies. In September ----, the government hiked gas prices for domestic consumers and industrial users, allowing it to pay higher prices to firms for gas. ...In April ----, the Ministry of Petroleum proposed that corporate income tax imposed on oil and gas E&P firms to be reduced from --.- currently to --.- in the upcoming budget (---------). An improving fiscal regime, alongside Pakistan s good below-ground potential, will help to retain existing international players and attract new ones.

...We forecast Pakistan s hydrocarbon reserves to decline strongly through to ----, due to extensive tapping of existing reserves. At end-----, the country s total proven reserves were estimated at around ---.-mn barrels (bbl) for crude oil and ---.-bn cubic metres (bcm) for natural gas by the US Energy Information Administration (EIA). ...

  
Source:
Document ID
1748-4146
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Pakistan Oil and Gas Report" Aug 13, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Pakistan-Oil-and-Gas-Report-2026-99>
  
APA:
Business Monitor International - Industry Reports. (2016). Pakistan Oil and Gas Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Pakistan-Oil-and-Gas-Report-2026-99>
  
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