Islamabad: Pakistan's recoverable gas reserves have seen a significant increase, rising by 4.6% to reach 18,981 billion cubic feet (BCF), according to a recent report. This growth, noted from December 2024, is largely attributed to gas fields operated by MARI Energies, which have contributed nearly 1 trillion cubic feet (TCF) of gas in the past six months.

MARI Energies has been at the forefront of this development, with new discoveries in fields such as Soho and Spinwam adding 125 BCF and 92 BCF, respectively. Additionally, existing fields like MARI Deep, HRL, Shewa, and Ghazij have undergone upward revisions, collectively contributing an additional 773 BCF. These developments have extended MARI's reserve life to 18 years.

Other significant contributions have come from fields such as Soghri North, operated by OGDC, and Razgir, operated by MOL Pakistan, adding 125 BCF and 57 BCF, respectively.

Over the past six months, the total gas production was recorded at 621 BCF. This resulted in a reserve replacement ratio of 2.35 times during this period, indicating a robust replenishment of reserves.

In addition to gas, oil reserves have also seen an uptick, increasing by nearly 1% to reach 240 million barrels. This growth has been driven by contributions from fields like Shewa and Pindori, which have added approximately 2.27 million barrels and 2.17 million barrels, respectively.

These advancements in Pakistan's oil and gas sector underscore the potential for extended energy security and economic growth. The updates on reserves and production reflect a dynamic period for the industry, as it continues to develop new resources and enhance existing ones.