404: Not Found Pakistan’s Oil and Gas Reserves Near to End Very Soon | Everything Pakistan

Pakistan’s Oil and Gas Reserves Near to End Very Soon

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Pakistan has used 985 million barrels, or 79.8%, of its 1,234 million barrels of oil reserves, according to a report the Petroleum Division filed to the Auditor General of Pakistan (AGP). Currently, there are about 249 million barrels of reserves left.

Balochistan has 1.84 million barrels of recoverable oil reserves, 0.24 million of which have been used, leaving 1.60 million barrels. 170.59 million barrels of the 264.83 million barrels of recoverable reserves that Khyber-Pakhtunkhwa (K-P) had were used. There are now only 94.24 million barrels available. Punjab has 457.43 million barrels of initially recoverable reserves, of which 383.20 million barrels have been used and 74.23 million barrels are still to be put to use. From the projected 509.58 million barrels of recoverable reserves in Sindh, the province has used 430.60 million, leaving 78.98 million barrels.

Apart from oil, Pakistan has been a significant gas producer to meet domestic demand. Pakistan has used up 66.6% of the entire gas reserves, according to the same report, leaving 33.4% of the reserves untapped.

Natural gas reserves in Pakistan were around 63 trillion cubic feet (tcf), of which only 42 tcf have been used. The Planning Commission reported that compared to the aim of 1.43 tcf, gas production was at 1.27 tcf annually.

According to provincial data, Balochistan has recoverable reserves totaling 20.637 tcf, of which 15.182 tcf had been used up, leaving 5.455 tcf (26%) in reserve. K-P had 2.932 tcf in total recoverable reserves; 1.186 tcf (or 40%) of this amount) has been burned.  Punjab had 3.977 tcf in total recoverable reserves. Out of them, 2.379 tcf have been used, leaving 1.598 tcf (or 40%) in reserve. 35.5% of the recoverable deposits are still in Sindh. It has 35.765 tcf in total reserves, of which 23.053 tcf had already been used up and 12.712 tcf was yet untapped.

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