Pakistan Now Has Enough Energy Reserves for 19 Years

As new discoveries and reserve upgrades offset depletion at a number of mature fields, according to Arif Habib Limited, pakistan's recoverable oil and gas reserves rose to an estimated 3.72 billion barrels of oil equivalent (BOE) by June 2026.

Key points

• The growth in reserves lifted Pakistan's estimated overall hydrocarbon reserve life to around 19 years, compared with 15 years in June 2024 and June 2023.
• The country's oil reserves rose 15 percent year-over-year to 276 million barrels in June 2026 from 240 million barrels a year earlier.
• While Spinwam's reserves rose more than fivefold to 489 Bcf, on the gas side, Mari Ghazij recorded a 74 percent year-over-year growth in reserves to 1, 723 Bcf.
• Baragzai created the largest contribution to the rise in oil reserves, with its reserves reaching 49.09 million barrels, up from 21.01 million barrels in December 2025.
• These gains offset declines at a number of mature fields, including Nashpa, Adhi, Pasakhi/Pasakhi North East, Makori East, Kunar and Sono.

For context, the country's oil reserves rose 15 percent year-over-year to 276 million barrels in June 2026 from 240 million barrels a year earlier. Natural gas reserves additionally rose 9 percent to 20, 664 billion cubic feet (Bcf), compared with 18, 981 Bcf in June 2025. Ahsan Iqbal Asks PM for Role in IMF Discussions.

For context, the growth in reserves lifted Pakistan's estimated overall hydrocarbon reserve life to around 19 years, compared with 15 years in June 2024 and June 2023.

Baragzai created the largest contribution to the rise in oil reserves, with its reserves reaching 49.09 million barrels, up from 21.01 million barrels in December 2025. Higher reserves at Mardankhel, Mamikhel South, Maramzai and Spinwam additionally backed the overall growth.

While Spinwam's reserves rose more than fivefold to 489 Bcf, on the gas side, Mari Ghazij recorded a 74 percent year-over-year growth in reserves to 1, 723 Bcf. Higher reserves at Baragzai and Soho additionally assisted offset depletion at Sui, Kandhkot, Nashpa, Uch and Qadirpur.

Newly discovered fields including Spinwam, Baragzai, Bitrism East, Chakar and Faakir collectively continued 53.52 million barrels of oil and 772.97 Bcf of gas to Pakistan's reserve base.

While Pakistan Petroleum Limited recorded a 58 percent growth to 33 million barrels, among major listed exploration and production firms, Oil and Gas Development Company's (OGDCL) oil reserves climbed 16 percent to 152 million barrels. While Pakistan Oilfields Limited's reserves declined 5 percent to 14 million barrels, mari Energies' oil reserves rose 5 percent to 10 million barrels. Pakistan Fails to Obtain Approval for Bitcoin Mining.

Gas reserves indicated mixed trends among the major producers. While OGDC's declined 4 percent to 5, 750 Bcf, PPL's fell 3 percent to 2, 178 Bcf and POL's declined 2 percent to 211 Bcf, mari Energies' reserves rose 15 percent to 6, 353 Bcf. AHL estimated remaining reserve life at 21 years for Mari, 19 years for OGDC and 10 years each for PPL and POL. Stay Connected with ProPakistani.

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Taken together, the developments around pakistan Now Has Enough Energy Reserves for 19 Years point to a situation that is still moving, and the coming days should bring more clarity.