E&P Production Data Analysis 10 month 2008

E&P Production Data Analysis 10 month 2008


The overall crude oil production of the E&P sector rose by 4.8% during 10mths’08
to 70,104bpd. Total Natural Gas production also rose by 2.5% to 3,982mcfd during
10mhs’08 as compared to 3,883mmcfd in the same period last year. On MoM basis
the production of both gas and oil showed declining trend mainly due to fall in
production from Pindori, Sui, Miano and Dhodak fields.



E&P Production Update – 10mnths 2008

As per data issued by PPIS OGDC continued to lead the market in both crude and
gas production with oil production showing an increase of 5.3% during 10mths’08
whereas gas production also showed an increase of 3.7% during the said period.
Oil production by OGDC depicted increase mainly on the back of increased
production from Mela, Bobi and Chanda fields. Gas production increased because
of rise in production from Uch, Qadirpur and Bobi fields however fall in production
from Miano and Dhodak fields.



Gas Production

PPL showed handsome gains in crude production due to additional production
during the period from Mela field, on the other hand gas production showed
negligible decline of 0.1% in 10mths’08 and also on MoM basis by 4.2% mainly on
the back of fall in production from Sui, Miano & Kandkot. Crude production from
Mela and Tal block boosted oil productin volume for the company.
POL showed double-digit fall in production of crude by 12.7% in 10mths’08 to
5,304bpd whereas on MoM basis crude production rose by 4.6% mainly on the
back of improvement in production from Pindori field, overall production from which
rose to 2125bpd in Apr’08 from 1,588bpd in Mar’08. Gas production showed decline
of 4.0% to 45mmcfd due to fall in production from Meyal Uchri and Pindori.

Crude Oil Natural Gas


Drilling Status

The total drilling target for FY’08 was of 42 exploratory wells and 45 appraisal wells,
of this 52% of exploratory and 100% of the appraisal wells have been achieved
during 10mths’08. OGDC had estimated its drilling target for FY’08 at 17 exploratory
wells and 24 development wells, of which the company has achieved 29% of its
exploratory target and 67% of its development target, making it unlikely for the
company to achieve its full year’s target.