Top Ten Oil and Gas Companies in Pakistan | Pakistani Petroleum Industry

Pakistan is a country with rich oil and gas reserves. The petroleum industry in Pakistan dates back to the 1970s when the first oil well was drilled at Sui; after that, drilling began on an industrial scale in 1997, after decades of exploration by multinational oil companies and Pakistani national firms alike.

Today, over 140 active oil wells spread across 24 different fields in Pakistan’s Khyber Pakhtunkhwa, Punjab, Sindh, and Baluchistan provinces. Read on for our list of the top ten oil and gas companies in Pakistan.

Oil and Gas Companies in Islamabad

Oil and Gas Industries in Pakistan

The oil and gas industry in Pakistan has been an integral part of the country’s economic development. In November 2013, Petroleum Minister Shahid Khaqan Abbasi said that “the energy sector is a strategic priority for Pakistan.”

The government provides subsidies to certain segments of society who purchase petroleum products at low rates from state-owned companies. This includes domestic consumers as well as commercial enterprises such as public transport operators and farmers.

Pakistan receives most of its oil imports from Saudi Arabia (60%), followed by Indonesia (16%). However, this dependency on one supplier can be worrisome because if there were any problems with these supplies, it would have adverse consequences for the Pakistani economy.

More than half of exported goods come from international trade, which means that imports and exports depend on oil.

Top Ten Oil and Gas Companies In Pakistan

Pakistan’s oil and natural gas industry contributed to two-thirds of the country’s total exports in 2017. Some multinational oil companies such as ExxonMobil, Shell, BP, and Total operate in Pakistan, but state-owned enterprises control most production.

The list below shows ten top multinational oil & gas companies in Pakistan with their primary activity areas (oil exploration, refining, or marketing). This does not represent all foreign investment in the country because much smaller investments also exist from other nationalities.

1.”Ogdcl” in Pakistan

Ogdcl company
Ogdcl company

Ogdcl (Oil and Gas Development Company Limited) is a Pakistani oil and gas company based in Islamabad. In 1961, the Government of Pakistan was founded with technical assistance from the British Gas Group (BG) to carry out a feasibility study for the commercial production of natural gas.

The agreement later turned into Ogdcl as a joint venture between BG and the government to explore, develop, produce, refine, transport, and market crude oil and products. In its earlier years, it carried out discovery operations onshore Sindh Province that led to development offshore Panna-Mukta & Kutch regions off Gujarat coast at Kandla oil field.”

Ogdcl products include oil, gas, petrochemicals, and related products. The Company supplies 45% of oil to Pakistan.

Ogdcl is also the first oil and gas company to have discovered oil in Pakistan, with over one billion barrels.”

The Company has interests in eight producing fields:

  1. The Panna-Mukta Oilfield (PM),
  2. Kutch Gas Field (KGF) Gujarat State Offshore Area Development Company Limited (GSODCL),
  3. Khursaniyah Oil Fields,
  4. offshore Karachi & Thar Jathore oil field;
  5. Onshore Upper Sindh Coal Bed Methane Project Phase
  6. Daudkhel,Nawabshah; Block II Gwadar Deep Seaport Complex
  7. Ras Laffan Liquefied Natural Gas Terminal Facility.
  8. Ogdcl’s exploration portfolio includes the Mirani, Sui, and Nagar oil fields.
  • Industry: – Oil & Gas Exploration & Production
  • Products: – petroleum, liquefied natural gas.
  • Employees: -5001 to 10000 Employees
  • Founded: – 1961
  • Revenue (USD): – $10+ billion
  • Location: – Islāmābād, Pakistan
  • Website: – www.ogdcl.com
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2.Schlumberger Oil and Gas Company in Pakistan 

Schlumberger Oil and Gas Company in Pakistan , oil and gas companies in pakistan
Schlumberger Oil and Gas Company in Pakistan 

Schlumberger is a multinational oil and gas company with operations in more than 85 countries. It is the world’s largest oilfield services, multinational oilfield equipment, and petrochemical provider.

Schlumberger employs nearly 100,000 people worldwide at over 250 offices from Anchorage to Zagreb as of 2005. Schlumberger’s revenue was approximately $39 billion in 2006 and $44 billion by 2011. In 2012 it had a net income of $11 billion on revenues amounting to US$35 billion for that year alone.

Schlumberger started business in Pakistan in 1999 when the Company signed a contract with Qatar Petroleum to develop Qatargas-II.

Schlumberger is also involved in oil and gas exploration, development, production, and distribution in Pakistan through its subsidiary Forbes Energy Services Limited (FES), set up by Schlumberger Oilfield Equipment Company in 1989. 

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+ Employees
  • Founded: – 1926
  • Revenue (USD): – $11+ billion
  • Location in Pakistan : – Islamabad Capital Territory, Pakistan
  • Website : – www.slb.com

3.Attock Refinery Limited

Attock Refinery Limited, multinational oil and gas companies in pakistan
Attock Refinery Limited

Attock Refinery Limited (ARL), founded in 1922, operates Pakistan’s largest oil refinery located at Rawalpindi. ARL is a subsidiary of multinational oil and gas company Royal Dutch Shell (Shell).

In 2017 ARL was ranked as the world’s 29th Largest Refinery by Institutional Investor with an annual crude processing capacity of 320 thousand barrels per day.

The Attock Refineries Limited was awarded ISO 90001:2000 certification for its Quality Management System from Lloyd’s Register Quality Assurance Ltd., UK, on 19 November 2000. The award recognizes that it complies with international standards for quality management systems, including safety requirements, environmental protection procedures, and control of hazardous substances required to produce safe products.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 500+
  • Founded: – 1922
  • Revenue (USD): – 35.17B (2022)
  • Location: – Rawalpindi, Punjab, Pakistan.
  • Website: – https://www.arl.com.pk/

4.Dana Energy

Dana Energy, list of petroleum companies in pakistan

Dana Energy was established in 2000 by a group of experts with extensive experience in oil and gas exploration, development, production, trading, and downstream activities. The CompanyCompanyunded on the principle that its success would be based upon meeting client needs through flexibility and responsiveness.

Dana Energy operates from offices in Tehran (headquarters), London, Dubai, Houston, and Beijing.

Dana Energy started its business in Pakistan in 2004 to increase its exploration and production activities in onshore fields.

The Company through significant operational changes since 2013 to adapt itself to a changing economic environment that is demanding more oil than before, at lower prices.

In Pakistan, Dana Energy operates as one of the major operators in well-established areas such as Sindh Province’s Lakhra field. The company has a stake of 37% and earns revenue from this area every year. The latter was discovered by Shell Company back in 1933 and first put into operation in 1955. It produces approximately 180 thousand barrels per day, or 90% of total domestic output volume from Sindh province.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 1000+
  • Founded: – 2000
  • Revenue (USD): – 110 million USD
  • Location: – Tehran, Iran
  • Website: – www.danaenergy.com

5.Shell Company In Pakistan

Shell Company In Pakistan

Since its inception in 1907, the Shell Company has been a dominant force in oil and gas exploration and production. It is headquartered in The Hague, Netherlands, with branches worldwide, including Karachi, Pakistan.

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In 2010, it ranked fifth among multinational petroleum companies by revenue, second only to Chevron Corporation (US). With US$180 billion of annual revenues as projected for 2020. Shell’s market capitalization was ~US $227 billion, making it one of the largest 100 publicly traded companies on earth.

Companies first among pipeline operators globally based on the length of pipelines managed or owned from 80% – 90%.

Shell started its business in Pakistan in 1961 and has completed 30 oil, gas, and petrochemical projects in the country. Shell Pakistan’s operations are carried out across three business lines- exploration & production, refining crude oil into petroleum products, marketing of these products to end-users through a network of distributors at home and abroad.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+
  • Founded: – 1907
  • Revenue (USD): – US$180.5 billion (2020)
  • Location: – The Hague, Netherlands, Karachi in Pakistan
  • Website: – https://www.shell.com/

6.Pakistan Petroleum Limited

Pakistan Petroleum Limited, top petroleum companies in pakistan
Pakistan Petroleum Limited

Pakistan Petroleum Limited is the largest oil and gas company in Pakistan. It operates both onshore and offshore oil fields, as well as LPG plants across Pakistan. In total, it has 13 exploration blocks with more than 400 wells drilled so far for hydrocarbons of various types – natural gas, crude oil, and condensates.

PPL’s business lines include –

  1. exploration & production; 
  2. refining crude oil into petroleum products, 
  3. marketing of these products to end-users through a network of distributors at home and abroad.

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  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 1000+
  • Founded: – 5 June 1950
  • Revenue (USD): – $10+ billion
  • Location: – KARACHI, Pakistan
  • Website: – https://www.ppl.com.pk/

7.K-Electric Company in Pakistan

K-Electric Company in Pakistan
K-Electric Company in Pakistan

K-Electric is the largest power generation and distribution company in Pakistan, with an installed generating capacity of more than 7000 MW. The Company has a power transmission and distribution network with over 20 million end-users. The grid is connected by three grids – integrated into one system, totaling 98,000 miles of distribution lines and 200,000 km of high voltage transmission lines.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 5000+
  • Founded: – September 1913
  • Revenue (USD): – $1.80 billion
  • Location: – Karāchi, Pakistan
  • Website: – https://www.ke.com.pk/

8.Saudi Aramco

Saudi Aramco top petroleum companies in pakistan
Saudi Aramco

Saudi Aramco engages in the exploration, production, and distribution of oil and gas to customers worldwide. The company has five business segments: Exploration & Production; Refining; Gas & Power Generation and Distribution; Marketing with International Partnerships; and Technical Services.

It also provides engineering services to international oil companies and local oil-producing entities from various geographical locations across the world. In addition, it has investments in joint ventures such as South Gas Co., Lubricants JV with Total S.A.; Petrochemical JV with Dow Chemicals Inc.; Saudi Cement Company Ltd., Arabian Basic Industries Corporation – Al Ahlia Group of Companies (ABIC).

Saudi Aramco started business in Pakistan in 1954 when it was granted oil exploration and production rights for the Khauran field in Sindh.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+
  • Founded: – 1933
  • Revenue (USD): – 229.9 billion (2020)
  • Location: – Dhahran, Saudi Arabia
  • Website: – https://www.saudiaramco.com/

9.MOL Group in Pakistan

mol oil and gas pakistan
MOL Group in Pakistan

MOL Group is a Hungarian multinational oil and gas company. MOL Group was established in 1991 as the first privatized oil and natural gas producing Company in Hungary after the fall of communism. The Company operates six continents with offices located in Europe, Asia, North America, and Africa.

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Mol Oil and Gas Pakistan:

MOL Group started its business in Pakistan in 1995, after acquiring a majority stake in Pakistan Petroleum Ltd., and has grown to become one of the largest oil and gas producers in the country with over 500 wells producing 550 barrels per day from five fields across its portfolio.

MOL Pakistan opened its first office in Karachi, the commercial hub of the country. The name of the Mol Pakistan Ceo is Thomas Quigley.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 5000+
  • Founded: – 1991
  • Mol Pakistan Ceo: – Thomas Quigley
  • Revenue (USD): – 19.05 billion (2020)
  • Location: –  Budapest, Hungary
  • Website: – https://www.molgroup.info/

10.Three Gorges Project Company In Pakistan

Three Gorges Project Company In Pakistan
Three Gorges Project Company In Pakistan

The Three Gorges Project Company, or CTGPC for short, is a state-owned enterprise in China. The Company was founded in 1994 with an initial capital of $99 million and total assets at about $473 million.

The project’s purpose was to construct a dam to produce hydroelectricity and provide navigation services on its downstream route from Shanghai to Chongqing.

Three Gorges Project started business in Pakistan in 2010 and is currently a Joint Venture of Pakistan. CTGPC went into business in September 2012 by acquiring Pakistani Company PPL with an equity shareholding of 50%.

CTGPC has also established the Three Gorges Company for Gas Pipeline Project (Pvt) Ltd to develop pipelines to bring gas from Turkmenistan through Afghanistan and down through Pakistan.

Three Gorges Project is the biggest Chinese oil and gas company in Pakistan.

  • Industry: – Energy
  • Employees: – 10000
  • Founded: – 1994
  • Revenue (USD): – $12+ billion (USD)
  • Location: – Beijing, China
  • Website: – https://www.ctgpc.com/

FAQ

1.Which petrol company is best in Pakistan?

Answer: Best petrol company in Pakistan is Shell.

According to many gas station owners in Karachi, Shell seems to be the most reliable petrol company because there is less tampering with the quality.
Hence, I think you should stick with Shell as they are more credible and trustworthy in this case.

2.What is the largest petroleum company?

Answer: The largest oil and gas companies are ExxonMobil, Royal Dutch Shell, BP PLC, Chevron Corporation, Total S.A., Saudi Aramco, and ConocoPhillips.

ExxonMobil claims the title of the world’s biggest company valued by public market capitalization as of 2011. It had a successful exploration period from 1967 to 1972 when it established a subsidiary in Qatar which quickly became one of the top three oil producers in OPEC. Since then, Exxon has become an international oil and gas company with operations in 200+ countries worldwide.

3.Is Shell bigger than Exxon?

Answer:
Shell has revenues that account for 2.4% of the total global oil and gas revenue and while Exxon is only 1.3%. If we convert to dollars, for each dollar Shell makes, Shell earns $4.32 billion while Exxon earns close to $2 billion.

Conclusion:

Above, we have discussed the list of oil and gas companies in Pakistan. We hope you find the information helpful. If so, let us know in the comments section.

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