Research and Markets: Pakistan Oil and Gas Report Q1 2012 - Attempt to Privatise Various State-Controlled Energy Companies

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b8d7dd/pakistan_oil_and_g) has announced the addition of the "Pakistan Oil and Gas Report Q1 2012" report to their offering.

“Pakistan Oil and Gas Report Q1 2012”

Gas self-sufficiency will not last much longer, thanks to rising domestic consumption that could be boosted by power projects. As gas imports, rise, LNG is set to enter the energy mix. In the meantime, Pakistan will again attempt to privatise more of its various state-controlled energy companies and stimulate investment in domestic oil and gas production.

The Main Trends and Developments Highlighted for Pakistan's Oil and Gas Sector Are:

• Oil and natural gas liquids (NGL) volumes in 2010 were an estimated 64,560 barrels per day (b/d), with limited scope for expansion over the medium term. The recent upturn in exploration and development activity may be sufficient to boost near-term production to nearly 69,000b/d by 2012.
• The government has a deal with Eni to cooperate on oil and gas development projects. The Italian company will provide expertise and technology exclusively to its Pakistani state partners in return for access to fields that have been under national control. Eni said that the agreement would help it to double its production in Pakistan over the next five to six years.
• Oil demand is currently running at an estimated 411,000b/d, with imports during 2011 expected to have been 344,000b/d. With oil consumption expected to reach 452,000b/d by 2016 and modest growth in domestic liquids production, we see oil imports reaching about 399,000b/d by 2016.

Read more inside Pakistan Oil and Gas Report Q1 2012

Companies Mentioned:

• Oil and Gas Development Company Ltd (OGDCL)
• Pakistan Petroleum Ltd (PPL)
• Pakistan State Oil (PSO)
• Pakistan Oilfields Ltd
• Shell Pakistan
• BP
• Petroleum Exploration Ltd (PEL)
• Mari Gas Company
• Chevron
• Eni
• Premier Oil
• National Refinery Ltd
• Pakistan Refinery Ltd
• OMV
• MOL

For more information visit http://www.researchandmarkets.com/research/b8d7dd/pakistan_oil_and_g