KARACHI: Pakistan’s energy sector has received a major boost as a new report reveals a significant expansion in the country’s hydrocarbon reserves, driven by successful exploration activity and upward revisions in existing fields.
According to research by Topline Securities covering the six months ending June 2025, the country recorded a robust reserve replacement ratio (RRR) of 235% for gas, indicating strong replenishment of reserves compared to production. The report shows that Pakistan’s balance recoverable gas reserves increased by 4.6%, while oil reserves rose nearly 1% during the period.
Mari Petroleum leads the expansion
The growth in gas reserves was spearheaded by Mari Petroleum Company Limited (MARI), whose fields added a massive 996 billion cubic feet (BCF) of gas. This raised MARI’s reserve life to 18 years, supported by both new discoveries and upward revisions.
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Soho field added 125 BCF
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Spinwam field added 92 BCF
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Upward revisions at Mari Deep, HRL, Shewa, and Ghazij added another 773 BCF
Contributions from OGDC and MOL Pakistan
Beyond MARI’s contributions, other exploration companies also reported notable additions:
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Soghri North (OGDC): 125 BCF
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Razgir (MOL Pakistan): 57 BCF
Over the six-month period, Pakistan’s total gas production stood at 621 BCF, resulting in an impressive reserve replacement ratio of 2.35x.
Oil reserves inch upward
The country’s oil sector also witnessed moderate gains, with total balance recoverable oil reserves rising to 240 million barrels. This growth was largely supported by additions from:
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Shewa field: 2.27 million barrels
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Pindori field: 2.17 million barrels
A positive outlook for Pakistan’s energy sector
The report paints an optimistic picture for Pakistan’s oil and gas exploration sector, showing how a combination of new discoveries and revisions of existing fields is helping the country expand its energy reserves despite high consumption rates.