KARACHI: Pakistan’s proven oil and natural gas reserves increased year-on-year in December 2025, supported by new discoveries and reserve additions at key producing fields, according to the latest industry data.
The country’s oil reserves rose 6.0 per cent to 253 million barrels in December 2025, compared with 238 million barrels a year earlier. The increase was led by the Baragzai field, which contributed 21.01 million barrels, while reserve growth at Bettani and Shahdadpur further strengthened the country’s oil resource base.
The gains more than offset declines recorded at several mature fields, including Pasakhi/Pasakhi North East, Nashpa, Adhi, Makori East, Kunar and Sono, enabling Pakistan to post a net increase in oil reserves during the year.
Natural gas reserves also improved, rising 4 per cent to 18,854 billion cubic feet (Bcf) in December 2025 from 18,142 Bcf in December 2024.The increase was driven by significant reserve additions at the Mari Ghazij, Shahdadpur, Shewa and Bettani fields, alongside contributions from Baragzai, Spinwam and Soho. These additions more than compensated for reserve declines at several mature gas fields, including Uch, Sui, Kandhkot, Qadirpur and Nashpa.
Newly discovered fields played a notable role in strengthening the country’s hydrocarbon resource base. Spinwam, Baragzai, Bitrism East, Chakar and Faakir collectively added 23.8 million barrels to oil reserves and 367.2 Bcf to gas reserves as of December 2025.
Among listed exploration and production companies, oil reserves at Oil & Gas Development Company Limited (OGDC), Pakistan Petroleum Limited (PPL) and Mari Energies Limited increased by 5.0 per cent, 23 per cent and 7.0 per cent, respectively, during the year, reflecting successful reserve additions and field expansions. In contrast, Pakistan Oilfields Limited (POL) reported a 2.0 per cent decline in oil reserves.
On the gas side, OGDC and Mari Energies recorded reserve growth of 3.0 per cent and 11 per cent, respectively. POL’s gas reserves remained broadly stable, while PPL reported a 4.0 per cent decline compared with the previous year.
Analysts estimate the remaining hydrocarbon reserve life at approximately 24 years for OGDCL, 11 years for PPL, 16 years for Mari Energies and 10 years for POL. Pakistan’s overall hydrocarbon reserve life is estimated at around 17 years.
