Minor fall recorded in oil, gas production in Pakistan

Islamabad: The production of oil and gas in the country recorded a slight decline during the past week.

According to Producer Price Indexes (PPIS) and Arif Habib Research, the average daily production of crude oil in the last week of November was recorded at 70,156 barrels, which is 0.1 percent lower than the previous week.

Similarly, during the week ending November 08, the average daily production of gas in the country was recorded at 2967 MMcf/d, which is 3% lower than in the previous week. Average daily gas production in the country was recorded at 3059 MMcf/d in the continuous week.

According to the data, the average daily production of crude oil of Oil & Gas Development Company Limited (OGDCL) during the last week was 32971 barrels, Pakistan Petroleum Limited (PPL) 10884, Petroleum, Oil, and Lubricants (POL) 4797 and average daily production of Mari gas was recorded 1098 barrels.

Thus in the last week, the average daily gas production of OGDCL is 680 MMcf/d, PPL 553, POL 63 and average daily production of Mari gas was 919 MMcf/d.