Weekly oil, gas data shows strong YoY recovery

June 30, 2026 (MLN): Pakistan's oil and gas production rose 21% and 9% year-on-year respectively during the week ended June 23, 2026, even as output remained largely stable on a week-on-week basis.

Oil production averaged 66,179 barrels per day during the week, down a marginal 1% from 66,707 bpd a week earlier, while gas output edged up 1% to 2,971 mmcfd from 2,955 mmcfd.

On an annual basis, oil and gas volumes were up sharply from 54,512 bpd and 2,714 mmcfd in the corresponding week of last year, according to data compiled by AKD Securities Limited.

The weekly dip in oil output was led by declines at KPD (-3% WoW) and Taj (-8% WoW), which were partly offset by a recovery at Makori East (+23% WoW), Makori Deep (+10% WoW) and Nashpa (+2% WoW).

On the gas side, gains at Mari (+4% WoW), Uch (+20% WoW) and Makori East (+16% WoW) helped lift overall output, although a sharp pullback at Shewa (-79% WoW) and Kandhkot (-17% WoW) capped further upside.

On a yearly comparison, oil production posted double-digit growth, driven by Baragzai, which came online versus a nil base last year, Makori Deep, which surged over 3.8x times from a negligible base, and Dhok Sultan, up 69%.

Gas production gains were anchored by Qadirpur (+47% YoY), Sui (+31% YoY) and Makori East (+33% YoY).

Among exploration and production companies, Pakistan Petroleum Limited (PPL) emerged as the standout performer, with its working interest oil and gas volumes rising 37% and 15% year-on-year, respectively.

Weekly Production Summary

National hydrocarbon output held broadly steady week-on-week, with oil dipping marginally while gas inched higher.

The bigger story remains the annual comparison, where both streams posted strong double-digit gains, pointing to a meaningful recovery in the country's upstream output base versus last June.

Oil Production by Major Fields (BPD)

Nashpa remains the single largest oil-producing field with output above 11,000 bpd, posting a healthy 43% jump versus last year.

Baragzai stands out as a new contributor, adding over 6,000 bpd to the field mix versus a nil base in the same week last year, while Makori Deep's output has multiplied many times over from a negligible year-ago base.

On the downside, KPD and Taj continued to taper both sequentially and annually, reflecting natural field decline.

Gas Production by Major Fields (MMCFD)

Mari continues to dominate the gas field landscape with output close to 941 mmcfd.

Uch staged a notable weekly rebound of 20%, although it remains down 18% on a yearly basis.

Shewa was the clear laggard, with output collapsing 79% week-on-week and remaining well below year-ago levels, while Qadirpur and Sui posted the strongest annual recoveries.

Production by Working Interest

OGDCL remains the largest contributor to national oil output by working interest at nearly 32,770 bpd, though it slipped 2% week-on-week even as its annual growth stayed robust at 21%.

Mari Petroleum's oil interest fell the most week-on-week, down 27%, even as its gas share held steady near 984 mmcfd.

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