Pakistan Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Pakistan Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Pakistan Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Pakistan. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the oil and gas assets (oil and gas fields, exploration blocks, refineries, pipelines, LNG terminals and storage terminals) in Pakistan. The report also analyses the fiscal regime relevant to the oil and gas assets in Pakistan and compares the investment environment in Pakistan with other countries in the region. The profiles of the major companies operating in the oil and gas sector in Pakistan together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
• Historical and forecast data and information for all the major exploration blocks, oil and gas fields, refineries, pipelines, LNG terminals and storage terminals in Pakistan for the period 1995-2020.
• Operator and equity details for major oil and gas assets in Pakistan
• Key information relating to market regulations, key energy assets and the key companies operating in the Pakistan’s energy industry.
• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
• Information on the top companies in the Pakistan including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Evaluate the attractiveness of the geography for oil and gas investment in the light of government policies and the fiscal environment.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil and gas assets.
• Assess your competitor’s major oil and gas assets and their performance.
• Analyze the latest news and financial deals in the oil and gas sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in each the country.

1 Table of contents 2
1.1 List of Tables 10
1.2 List of Figures 13
2 Introduction 14
2.1 What Is This Report About? 14
2.2 How To Use This Report 15
2.3 Market Definition 15
3 Pakistan Energy Report 17
3.1 Pakistan Energy Report, Market Overview 17
3.2 Pakistan Energy Sector, Crude Oil 17
3.2.1 Pakistan Crude Oil, Overview 17
3.2.2 Pakistan Crude Oil, Supply and Demand Balance 18
3.2.3 Pakistan Crude Oil, Regulatory Structure 24
3.2.4 Pakistan Crude Oil, Infrastructure 25
3.3 Pakistan Energy Sector, Natural Gas 25
3.3.1 Pakistan Natural Gas, Overview 25
3.3.2 Pakistan Natural Gas, Supply and Demand Balance 25
3.3.3 Pakistan Natural Gas, Regulatory Structure 29
3.3.4 Pakistan Natural Gas, Infrastructure 29
3.4 Pakistan Energy Sector, Coal 30
3.4.1 Pakistan Coal, Overview 30
3.4.2 Pakistan Coal, Supply and Demand Balance 30
3.4.3 Pakistan Coal, Regulatory Structure 34
3.4.4 Pakistan Coal, Infrastructure 35
3.5 Pakistan Energy Sector, Electricity 35
3.5.1 Pakistan Electricity, Overview 35
3.5.2 Pakistan Electricity, Supply and Demand Balance 36
3.5.3 Pakistan Electricity, Regulatory Structure 40
3.5.4 Pakistan Electricity, Infrastructure 41
4 Pakistan Fiscal Regime 42
4.1 Pakistan Petroleum Fiscal Environment 42
4.2 License Terms 42
4.3 Key Fiscal Terms 44
4.4 Sample Cashflows Calculations 51
5 Pakistan Upstream Investment Environment Benchmarking 53
5.1 Introduction 53
5.2 The Overall Ranking 53
5.3 Upstream Fiscal Attractiveness 53
5.3.1 Maximum Government Take Index 55
5.3.2 Maximum State Participation 55
5.4 Oil and Gas Sector Performance 56
5.4.1 Exploration Activity 58
5.4.2 Oil and Gas Production 59
5.4.3 Oil and Gas Reserves 59
5.4.4 Consumption 60
5.4.5 Refining Industry 60
5.5 Economic Performance 60
5.5.1 GDP Growth Index 62
5.5.2 FDI Confidence Index 62
5.5.3 Balance of Trade Index 62
5.6 Socio-Political Performance 62
5.6.1 Democracy Index 64
5.6.2 Governance Index 64
6 Pakistan Exploration and Production Sector 65
6.1 Pakistan Exploration and Production sector, Country Snapshot 65
6.1.1 Pakistan Exploration and Production sector, Key Data 65
6.1.2 Pakistan, Exploration And Production Assets Map 66
6.1.3 Pakistan, Crude Oil & Natural Gas Reserves 67
6.2 Pakistan, Crude Oil and Natural Gas Production 69
6.2.1 Pakistan, Historical Crude Oil Production 69
6.2.2 Pakistan, Historical Natural Gas Production 71
6.2.3 Pakistan Crude Oil and Natural Gas Producing Assets Details 72
6.2.4 Pakistan, Crude Oil Producing Assets by Area 80
6.2.5 Pakistan, Natural Gas Producing Assets by Area 84
6.2.6 Pakistan, Planned Production Assets Details 88
6.2.7 Pakistan, Crude Oil Production by Company 90
6.2.8 Pakistan, Natural Gas Production by Company 91
6.3 Pakistan, Crude Oil And Natural Gas Forecasts 92
6.3.1 Pakistan, Forecasted Crude Oil Production of Key Assets 92
6.3.2 Pakistan, Forecasted Natural Gas Production of Key Assets 92
6.4 Pakistan Exploration Block Details 93
6.4.1 Pakistan, Total Number of Active Exploration Blocks 93
6.4.2 Pakistan, Total Number of Active Exploration Blocks by Company 94
6.4.3 Pakistan, Exploration Blocks Details 95
7 Pakistan Refining Sector 102
7.1 Pakistan Refining Sector, Overview 102
7.2 Pakistan Refining Sector, Crude Distillation Unit Capacity 102
8 Pakistan Pipeline Sector 104
8.1 Pakistan Pipeline Sector, Overview 104
8.2 Pakistan Pipeline Sector, Crude Oil Pipelines 104
8.3 Pakistan Pipeline Sector, Petroleum Product Pipelines 105
8.4 Pakistan Pipeline Sector, Natural Gas Pipelines 105
9 Oil & Gas Development Company Limited 110
9.1 Oil & Gas Development Company Limited, Key Information 110
9.2 Oil & Gas Development Company Limited, Company Overview 110
9.3 Oil & Gas Development Company Limited, Business Description 110
9.3.1 Oil & Gas Development Company Limited, Business Description, Business Overview 110
9.3.2 Oil & Gas Development Company Limited, Business Description, Exploration and Production Segment 111
9.3.3 Oil & Gas Development Company Limited, Business Description, Major Products and Services 111
9.4 Oil & Gas Development Company Limited, Value Chain Analysis 112
9.4.1 Oil & Gas Development Company Limited, Value Chain Analysis, Upstream 113
9.4.2 Oil & Gas Development Company Limited, Value Chain Analysis, Midstream 114
9.5 Oil & Gas Development Company Limited, SWOT Analysis 114
9.5.1 Oil & Gas Development Company Limited, SWOT Analysis, Overview 114
9.5.2 Oil & Gas Development Company Limited, SWOT Analysis, Strengths 114
9.5.3 Oil & Gas Development Company Limited, SWOT Analysis, Weaknesses 115
9.5.4 Oil & Gas Development Company Limited, SWOT Analysis, Opportunities 115
9.5.5 Oil & Gas Development Company Limited, SWOT Analysis, Threats 116
9.6 Oil & Gas Development Company Limited, Revenue Analysis 117
9.6.1 Oil & Gas Development Company Limited, Revenue Analysis, Revenue by Segment 117
9.7 Oil & Gas Development Company Limited, Financial and Operational Review 118
9.7.1 Oil & Gas Development Company Limited, Financial and Operational Review Financial Statements 118
9.7.2 Oil & Gas Development Company Limited, Financial and Operational Review Financial Ratios 119
9.8 Oil & Gas Development Company Limited, Operational Indicators 120
10 British Petroleum Plc 121
10.1 British Petroleum Plc, Key Information 121
10.2 British Petroleum Plc, Company Overview 121
10.3 British Petroleum Plc, Business Description 121
10.3.1 British Petroleum Plc, Business Description, Business Overview 121
10.3.2 British Petroleum Plc, Business Description, Exploration and Production 121
10.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 123
10.3.4 British Petroleum Plc, Business Description, Refining and Marketing 124
10.3.5 British Petroleum Plc, Business Description, Major Products and Services 126
10.4 British Petroleum Plc, Value Chain Analysis 127
10.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 127
10.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 128
10.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 129
10.4.4 British Petroleum Plc, Value Chain Analysis, Retail 129
10.5 British Petroleum Plc, SWOT Analysis 131
10.5.1 British Petroleum Plc, SWOT Analysis, Overview 131
10.5.2 British Petroleum Plc, SWOT Analysis, Strengths 131
10.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 132
10.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 133
10.5.5 British Petroleum Plc, SWOT Analysis, Threats 134
10.6 British Petroleum Plc, Revenue Analysis 135
10.6.1 British Petroleum Plc, Revenue Analysis, Revenue by Segment 135
10.6.2 British Petroleum Plc, Revenue Analysis, Revenue by Geography 135
10.7 British Petroleum Plc, Financial and Operational Review 137
10.7.1 British Petroleum Plc, Financial and Operational Review, Financial Statements 137
10.7.2 British Petroleum Plc, Financial and Operational Review, Financial Ratios 138
10.8 British Petroleum Plc, Operational Indicators 139
11 PPL Corporation 140
11.1 PPL Corporation, Key Information 140
11.2 PPL Corporation, Company Overview 140
11.3 PPL Corporation, Business Description 140
11.3.1 PPL Corporation, Business Description, Business Overview 140
11.3.2 PPL Corporation, Business Description, International Delivery 140
11.3.3 PPL Corporation, Business Description, Pennsylvania Delivery 141
11.3.4 PPL Corporation, Business Description, Pennsylvania Delivery 142
11.3.5 PPL Corporation, Business Description, Supply 142
11.3.6 PPL Corporation, Business Description, Major Products and Services 144
11.4 PPL Corporation, Value Chain Analysis 145
11.4.1 PPL Corporation, Value Chain Analysis, Power Generation 145
11.4.2 PPL Corporation, Value Chain Analysis, Distribution 146
11.5 PPL Corporation, SWOT Analysis 147
11.5.1 PPL Corporation, SWOT Analysis, Overview 147
11.5.2 PPL Corporation, SWOT Analysis, Strengths 147
11.5.3 PPL Corporation, SWOT Analysis, Weaknesses 148
11.5.4 PPL Corporation, SWOT Analysis, Opportunities 149
11.5.5 PPL Corporation, SWOT Analysis, Threats 151
11.6 PPL Corporation, Revenue Analysis 152
11.6.1 PPL Corporation, Revenue Analysis, Revenue by Segment 152
11.6.2 PPL Corporation, Revenue Analysis, Revenue by Geography 152
11.7 PPL Corporation, Financial and Operational Review 153
11.7.1 PPL Corporation, Financial and Operational Review, Financial Statements 153
11.7.2 PPL Corporation, Financial and Operational Review, Financial Ratios 154
11.8 PPL Corporation, Operational Indicators 154
12 Financial Deals Landscape 155
12.1 Asset Transactions 155
12.1.1 MOL To Acquire 40% Interest In Exploration Block From Mari Gas 155
13 Recent Developments 157
13.1 License Rounds 157
13.1.1 Mar 12, 2008: Pakistan To Auction Oil And Gas Fields Under New Petroleum Policy 157
13.2 License Awards 158
13.2.1 Mar 03, 2008: Niko Signs PSA With Pakistan 158
13.3 Strategy and Business Expansion 159
13.3.1 Jul 08, 2008: OGDC Partners US Organization To Manage Drilling Barge Construction 159
13.3.2 Jul 05, 2008: AG Sets Up LPG Storage And Bottling Plant Near Lahore In Pakistan 159
13.3.3 Jun 19, 2008: IPIC To Set Up Three Refineries 159
13.3.4 May 19, 2008: GAIL Shows Interest To Participate In Constructing IPI Pipeline 160
13.3.5 Feb 25, 2008: Dana To Construct LNG Terminal, Offshore Pakistan 160
13.4 Recent Discoveries 161
13.4.1 Jul 08, 2008: OGDC Discovers Gas At Dhodak Deep No. 1 Well In Pakistan 161
13.4.2 Jul 04, 2008: OGDCL Discovers Gas In Central Punjab 161
13.4.3 Jun 23, 2008: Eni Makes New Gas Discovery In Pakistan 161
13.4.4 Apr 18, 2008: OGDCL Announces Hydrocarbon Discovery In Moolan North Well No. 01 161
13.4.5 Mar 19, 2008: MOL Announces New Gas And Condensate Discovery In Pakistan 162
13.4.6 Mar 10, 2008: Dewan Announces New Gas Discovery In Chiltan 162
13.5 Drilling and Production Updates 162
13.5.1 Jun 02, 2008: International Sovereign Provides Drilling Updates On Sukkur Block, Pakistan 162
13.5.2 May 20, 2008: International Sovereign Updates On Sukkar Block, Pakistan 163
13.5.3 May 20, 2008: MGCL Drills A Well On Sukkur Block, Pakistan 163
13.5.4 Apr 15, 2008: Eni Starts Production From Badhra Gas Field 163
13.5.5 Feb 11, 2008: Jura Provides Operational Update 164
13.6 Financial Announcements 165
13.6.1 Apr 22, 2008: Attock Reports 3Q Fiscal 2007/08 Results 165
13.6.2 Apr 17, 2008: NRL Reports Q3 Fiscal 2007/08 Results 165
13.6.3 Feb 29, 2008: Sui Northern Reports Q2 Fiscal 2008 Results 165
13.6.4 Feb 21, 2008: Attock Reports 2Q Fiscal 2007/08 Results 166
13.6.5 Feb 20, 2008: NRL Reports Q2 Fiscal 2007/08 Results 167
13.7 Other Significant Developments 167
13.7.1 Jul 03, 2008: India, Iran To Finalize Gas Pipeline Deal By Next Month 167
13.7.2 Jul 01, 2008: Iran To Change IPI Gas Delivery Point 168
13.7.3 Jul 01, 2008: Iran, Pakistan, India To Discuss On IPI Gas Pipeline Project In July 2008 168
13.7.4 Jun 23, 2008: India Likely To Hold Gas Pipe Talks With Iran, Pakistan Next Month 168
13.7.5 Jun 19, 2008: Pakistan Sends Proposal To China Seeking To Join IPI Pipeline 169
13.7.6 Jun 18, 2008: TransAsia Plans To Relocate Refinery Project 169
13.7.7 Jun 12, 2008: Pak, Iran For Early Finalization Of Formalities To Implement IPI Gas Project 169
13.7.8 Jun 04, 2008: Iran To Mediate Between India, Pakistan On $7.5 Billion Gas Pipeline 170
13.7.9 May 27, 2008: Pakistan Asks Iran To Speed Up Gas Pipeline Deal 171
13.7.10 May 08, 2008: Pakistan, India To Enter Into Gas Transit Fee Agreement Soon 171
13.7.11 May 01, 2008: Pakistan, India Commit To Begin Construction Of IPI Pipeline By 2009 172
13.7.12 Apr 30, 2008: Iran, Pakistan, India Resume Discussions On IPI Natural Gas Pipeline 172
13.7.13 Apr 29, 2008: Gas From Turkmenistan Likely To Flow In India By 2014 173
13.7.14 Apr 28, 2008: Pakistan, Iran To Enter Gas Pipeline Agreement 173
13.7.15 Apr 24, 2008: India Joins 1680 Km Gas Pipeline Project 174
13.7.16 Apr 23, 2008: ADB To Provide Financing For IPI Project 174
13.7.17 Apr 14, 2008: Pakistan Proposes Construction Of Pipelines To China Together With Central Asian Republics 175
13.7.18 Apr 11, 2008: India, Pakistan Talks To Finalize IPI Pipeline Project 175
13.7.19 Apr 08, 2008: India, Iran Resist Pressure Over Peace Pipeline 176
13.7.20 Apr 07, 2008: India To Join Iran, Pakistan For Pipeline Discussions 176
13.7.21 Mar 28, 2008: India To Hold Talks With Pakistan Over Iran Gas Pipeline 177
13.7.22 Mar 25, 2008: China To Join Iran-Pakistan Gas Pipeline If India Drops 177
13.7.23 Mar 12, 2008: Iran To Enter Gas Deal With Pakistan In April 178
13.7.24 Mar 11, 2008: Jura Announces Long Term Drilling Contract 178
13.7.25 Mar 11, 2008: Mitsui Launches CM4, CM5, CM6 Services For Asia-Middle East 178
13.7.26 Mar 10, 2008: PGNiG To Invest PLN16 Billion By 2020, Mostly In Upstream Sector 179
13.7.27 Mar 09, 2008: Talks On TAP Pipeline Project To Be Held On April 22, 2008 179
13.7.28 Mar 05, 2008: Iran Hopes High On India As Part Of IPI Pipeline 180
13.7.29 Feb 17, 2008: NWFP And MOL To Explore Oil And Gas In Pakistan 180
13.8 New Contracts Announcements 181
13.8.1 Apr 04, 2008: Smit Obtains Terminal Contract In Pakistan 181
14 Appendix 182
14.1 Methodology 182
14.1.1 Coverage 182
14.1.2 Secondary Research 183
14.1.3 Primary Research 183
14.1.4 Forecasts 184
14.1.5 Expert Panel Validation 186
14.2 Definitions 187
14.3 Unit Of Measure 187
14.4 Contact Us 188
14.5 About Global Markets Direct 188
14.6 Disclaimer 188



1.1 List of Tables
Table 1: Pakistan, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 19
Table 2: Pakistan, Historical and Forecasted Imports of Crude Oil, 1996-2020 21
Table 3: Pakistan, Historical and Forecasted Reserves of Crude Oil, 1996-2020 23
Table 4: Pakistan, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 26
Table 5: Pakistan, Historical and Forecasted Reserves of Natural Gas, 1996-2020 28
Table 6: Pakistan, Historical and Forecasted Production And Consumption of Coal, 1996-2020 31
Table 7: Pakistan, Historical and Forecasted Imports of Coal, 1996-2020 33
Table 8: Pakistan, Historical and Forecasted Electricity Generation Capacity, 1996-2020 37
Table 9: Pakistan, Historical and Forecasted Generation and Consumption of Electricity, 1996-2020 39
Table 10: Pakistan, Crude Oil and Natural Gas, Offshore Royalty Rates (PSA), May 2007 44
Table 11: Pakistan, Crude Oil and Natural Gas, Profit Oil/Gas, May 2007 45
Table 12: Pakistan, Crude Oil and Natural Gas, Offshore License Production Bonus, May 2007 46
Table 13: Pakistan, Crude Oil and Natural Gas, Onshore License Production Bonus, May 2007 46
Table 14: Pakistan, Crude oil and Natural Gas, Offshore License Annual Marine Research Fee, May 2007 47
Table 15: Pakistan, Crude Oil And Natural Gas, Offshore License Annual Training Fee, May 2007 47
Table 16: Pakistan, Crude Oil and Natural Gas, Minimum Expenditure on Welfare Projects, May 2007 48
Table 17: South Asia, Investment Benchmarking, Overall Country Rankings, April 2008 53
Table 18: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 54
Table 19: South Asia, Investment Benchmarking, Oil and Gas Sector Performance, April 2008 56
Table 20: South Asia, Investment Benchmarking, Economic Performance, April 2008 61
Table 21: South Asia, Investment Benchmarking, Socio-Political Performance, April 2008 63
Table 22: Pakistan, Oil and Gas, Key Statistics, April 2008 65
Table 23: Pakistan, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2007 68
Table 24: Pakistan, Total Crude Oil Production (MMBBLs), 2000-2007 70
Table 25: Pakistan, Total Natural Gas Production (BCF), by Assets, 2000-2007 71
Table 26: Pakistan, Oil and Gas Asset Details, April 2008 72
Table 27: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 73
Table 28: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 74
Table 29: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 75
Table 30: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 76
Table 31: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 77
Table 32: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 78
Table 33: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 79
Table 34: Pakistan, Oil and Gas Asset Details, April 2008 (Cont’d) 80
Table 35: Balochistan, Total Crude Oil Production (Barrels), by Assets, 2000-2007 80
Table 36: NWFP, Total Crude Oil Production (Barrels), by Assets, 2000-2007 80
Table 37: Punjab, Total Crude Oil Production (Barrels), by Assets, 2000-2007 81
Table 38: Sindh, Total Crude Oil Production (Barrels), by Assets, 2000-2007 82
Table 39: Sindh, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont’d) 83
Table 40: Sindh, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Cont’d) 84
Table 41: Balochistan, Total Natural Gas Production (MMCF), by Assets, 2000-2007 84
Table 42: NWFP, Total Natural Gas Production (MMCF), by Assets, 2000-2007 85
Table 43: Punjab, Total Natural Gas Production (MMCF), by Assets, 2000-2007 85
Table 44: Sindh, Total Natural Gas Production (MMCF), by Assets, 2000-2007 85
Table 45: Sindh, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont’d) 86
Table 46: Sindh, Total Natural Gas Production (MMCF), by Assets, 2000-2007 (Cont’d) 87
Table 47: Pakistan, Oil and Gas Planned Production Asset Details, April 2008 88
Table 48: Pakistan, Oil and Gas Planned Production Asset Details, April 2008 (Cont’d) 89
Table 49: Pakistan, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 90
Table 50: Pakistan, Total Natural Gas Production (BCF), by Company, 2000-2007 91
Table 51: Pakistan, Total Crude Oil Production (MMBBLs), Forecast, 2008- 2013 92
Table 52: Pakistan, Total Natural Gas Production (BCF), Forecast, 2008- 2013 92
Table 53: Pakistan, Total Number of Active Exploration Blocks, 2000-2007 93
Table 54: Pakistan, Total Number of Active Exploration Blocks, by Company, 2000-2007 94
Table 55: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 95
Table 56: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 96
Table 57: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 97
Table 58: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 98
Table 59: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 99
Table 60: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 100
Table 61: Pakistan, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 101
Table 62: Pakistan,Asia-Pacific, Crude Distillation Unit Capacity (MMTPA), 2000-2012 102
Table 63: Pakistan, Crude Oil Pipelines, 2007 104
Table 64: Pakistan, Petroleum Product Pipelines, 2007 105
Table 65: Pakistan, Natural Gas Pipelines, 2007 106
Table 66: Oil & Gas Development Company Limited, Key Facts, 2007 110
Table 67: Oil & Gas Development Company Limited, SWOT Analysis , 2007 114
Table 68: Oil & Gas Development Company Limited, Revenue by Segment, PKR Thousands, 2002-2006 117
Table 69: Oil & Gas Development Company Limited, Financial Statements, PKR Thousands, 2003-2007 118
Table 70: Oil & Gas Development Company Limited, Financial Ratios, PKR Thousands, 2003-2007 119
Table 71: Oil & Gas Development Company Limited Operational Indicators, 2003-2007 120
Table 72: British Petroleum Plc, Key Facts, 2006 121
Table 73: British Petroleum Plc, SWOT Analysis , 2006 131
Table 74: British Petroleum Plc, Revenue by Segment, USD Million, 2002-2006 135
Table 75: British Petroleum Plc, Revenue by Geography, USD Million, 2002-2006 136
Table 76: British Petroleum Plc, Financial Statements, USD Million, 2002-2006 137
Table 77: British Petroleum Plc, Financial Ratios, USD Million, 2002-2006 138
Table 78: British Petroleum Plc Operational Indicators, 2002-2006 139
Table 79: British Petroleum Plc Operational Indicators, 2002-2006 139
Table 80: PPL Corporation, Key Facts, 2006 140
Table 81: PPL Corporation, SWOT Analysis , 2006 147
Table 82: PPL Corporation, Revenue by Segment, USD Million, 2002-2006 152
Table 83: PPL Corporation, Revenue by Geography, USD Million, 2002-2006 153
Table 84: PPL Corporation, Financial Statements, USD Million, 2002-2006 153
Table 85: PPL Corporation, Financial Ratios, USD Million, 2002-2006 154
Table 86: PPL Corporation Operational Indicators, 2002-2006 154
Table 87: Brent Blend NYMEX Future Prices 186



1.2 List of Figures
Figure 1: Pakistan, Energy Sector break-up, 2007 17
Figure 2: Pakistan, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 20
Figure 3: Pakistan, Crude Oil Imports , Thousand Barrels Per Day, 1996-2020 22
Figure 4: Pakistan, Crude Oil Reserves, Million Barrels, 1996-2020 24
Figure 5: Pakistan, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 51
Figure 6: Pakistan, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 52
Figure 7: South Asia, Country Standings, Upstream Fiscal Attractiveness, April 2008 55
Figure 8: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 57
Figure 9: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 58
Figure 10: South Asia, Country Standings, Number of Active Exploration Blocks Made Active, April 2008 59
Figure 11: South Asia, Country Standings, Economic Performance, April 2008 61
Figure 12: South Asia, Country Standings, Socio-Political Performance, April 2008 63
Figure 13: Pakistan, Exploration and Production Assets Map, April 2008 66
Figure 14: Pakistan, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2007 67
Figure 15: Pakistan, Total Crude Oil Production (MMBBLs), 2000-2007 69
Figure 16: Pakistan, Total Natural Gas Production (BCF), 2000-2007. 71
Figure 17: Pakistan, Total Number of Active Exploration Blocks, 2000-2007 93
Figure 18: Oil & Gas Development Company Limited, Value Chain Analysis 112
Figure 19: British Petroleum Plc, Value Chain Analysis 127
Figure 20: PPL Corporation, Value Chain Analysis 145
Figure 21: Global Markets Direct Methodology 182