Pakistan only produces onshore oil and gas, although the
country does have potential for offshore gas output in the longer term,
potentially from deep waters.
Oil output peaked in 1991 from the Upper and Lower Indus. There is
limited potential for new oil fields and it is unlikely that decline
will ever be reversed although new technology directed at old fields has
slowed it a little.
Pakistan is gas-prone in the Middle Indus and is now a major gas
producer. Steady output growth has occurred since commencement of
production in 1957 and this is forecast to continue from large existing
and new gas fields located mostly in this region.
oil consumption is expected to change very little over the next decade
after dipping between 2002 and 2006, as it imports most of its oil and
the economy of the country is very uncertain.
However gas consumption is increasing in line with production growth as
new infrastructure is installed for industrial and residential
customers, albeit with significant financing issues. Exports to India
are not expected in the next decade.