In the first half of 2025, Pakistan’s oil and gas sector experienced strong growth, driven by significant discoveries and development activities. Total oil reserves increased by 3%, reaching 239.6 million barrels, while gas reserves rose by 5% to 19 trillion cubic feet (tcf). This expansion was largely fueled by new finds in Waziristan, Bettani, and Pindori, improving the country’s overall energy outlook.
Mari Energies Limited led the sector’s performance, reporting a 12% rise in its reserves. The company’s oil reserves grew to 9.6 million barrels, and gas reserves surged to 5.5 tcf, primarily due to successful exploration in the Shewa and Spinwam blocks in Waziristan. Other companies, including OGDC, PPL, and POL, also reported reserve increases ranging from 1% to 3%. In total, listed companies added 2.4 million barrels of oil and 833.1 tcf of gas to national reserves.
Several key fields demonstrated strong performance. Mari’s gas reserves at Mari Ghazij increased by 26%, while Shewa’s reserves rose by 63%. Oil reserves in Shewa climbed to 5.8 million barrels. OGDC recorded a 4% rise in oil reserves and a 12% increase in gas reserves at Bettani. PPL’s gains were driven by developments in Shahdadpur, while POL maintained stable oil reserves and saw its gas reserves at Pindori double.
Despite declines in some mature fields, the overall reserve base expanded. New discoveries like the Razgir field contributed additional gas volumes, underscoring the success of ongoing exploration and development efforts. Companies continue to enhance reserve estimates through active appraisal and field development.
In summary, Pakistan saw a notable boost in oil and gas reserves by mid-2025, with key discoveries extending reserve life and strengthening energy security. This growth supports national economic and energy objectives, and continued exploration will be crucial to meeting future demand. The sector’s upward momentum points to a more secure and resilient energy future for the country.