Pakistan Now Has Enough Energy Reserves for 19 Years

As of June 2026, Pakistan has estimated recoverable oil and gas reserves totaling 3.72 billion barrels of oil equivalent (BOE), according to Arif Habib Limited. This represents a significant growth in the country's energy reserves, with oil reserves up 15 percent from the previous year and natural gas reserves increasing by 9 percent. The rise in reserves has extended Pakistan's estimated overall hydrocarbon reserve life to approximately 19 years, up from 15 years just a few years earlier.

The largest contributors to the increase in oil reserves were Baragzai, with reserves reaching 49.09 million barrels, and Mardankhel, Mamikhel South, Maramzai, and Spinwam. These fields experienced substantial gains, which helped offset declines at several mature fields such as Nashpa, Adhi, Pasakhi/Pasakhi North East, Makori East, Kunar, and Sono. On the gas side, Mari Ghazij and Spinwam recorded notable increases in reserves, with Mari Ghazij rising by 74 percent and Spinwam more than quintupling.

These gains were also supported by new discoveries, including Spinwam, Baragzai, Bitrism East, Chakar, and Faakir, which collectively added 53.52 million barrels of oil and 772.97 billion cubic feet of gas to Pakistan's reserve base. Among major exploration and production companies, Oil and Gas Development Company (OGDCL) saw a 16 percent increase in oil reserves to 152 million barrels, while Pakistan Petroleum Limited recorded a 58 percent increase to 33 million barrels.

Mari Energies' oil reserves rose by 5 percent to 10 million barrels, while Pakistan Oilfields Limited's reserves declined by 5 percent to 14 million barrels.

Gas reserves showed varied trends among the major producers, with Mari Energies' reserves increasing by 15 percent to 6,353 billion cubic feet (Bcf), while OGDC's reserves declined by 4 percent to 5,750 Bcf, PPL's fell by 3 percent to 2,178 Bcf, and POL's decreased by 2 percent to 211 Bcf. According to estimates, the remaining reserve life for Mari Energies is 21 years, OGDC's is 19 years, and PPL and POL each have a remaining reserve life of 10 years.