Sui gas field
Sui gas field is the biggest natural gas field in Pakistan. It is located near Sui in Baluchistan Province, in southwestern Pakistan.
| Sui gas field | |
|---|---|
| Country | Pakistan |
| Region | Pakistan |
| Location | Sui |
| Block | Ų |
| Offshore/onshore | Onshore |
| Coordinates | 28°38′0″N 69°12′0″E |
| Operator | Pakistan Petroleum Limited[1][2] |
| Field history | |
| Discovery | 1952 |
| Start of production | 1955 |
| Peak year | Unconsolidated Profit and Loss Account – For the Year Ended, December 2017
Key Financials 2017 2016 % Change
Gas Sales 178,792,815 151,945,335 17.67% Add/Less: Differential Margin/(Gas development surcharge) 25,730,073 367,941 6892.99% Less: Cost of Sales 193,813,316 145,594,380 33.12% Gross Profit 10,709,572 6,718,896 59.39% Other Income 5,483,794 6,650,683 -17.55% Selling Cost 2,364,961 2,398,729 -1.41% Administrative Expenses 3,225,060 2,511,686 28.40% Other Operating Expenses 977,460 312,953 212.33% Operating Profit 9,625,885 8,146,211 18.16% Finance Costs 4,064,216 2,975,559 36.59% Profit before Taxation 5,561,669 5,170,652 7.56% Taxation 1,702,482 1,567,647 8.60% Profit after Taxation 3,859,187 3,603,005 7.11% EPS – Basic and diluted 6.08 5.68 7.04% |
| Production | |
| Current production of gas | 394[2]×106 cu ft/d (11.2×106 m3/d) |
| Estimated gas in place | 12,170×109 cu ft (345×109 m3) |
| Producing formations | Sui Main Limestone, Sui Upper Limestone, Pab Sandstone, Habibrahi limestone |
Production
The gas field was discovered in the late 1952 and the commercial exploitation of the field began in 1955. Ever since then it is fulfilling the requirements of the states, however, the production mass has reduced to a mere %6 in the last decade or so.
Sui Northern Gas Pipelines today announced financial results for the half year ending December 31st, 2018. The gas giant reported profits worth Rupees 3.859 billion, up by 7.11% during the year. The gas sales at the company also reported an upward trend after posting total sales at Rupees 178.792 billion.
On the expenses front, the company reported a surge of 212% in other operating expenses which clocked in at 977 million for the period under review.
SNGPL posted a net profit after taxation at Rupees 3.859 billion, up 7.11% against a tally of rupees 3.603 billion during the second half of 2016.
The company reported an EPS of Rs. 6.08 vs. an EPS of Rs. 5.68 during year ending December, 2016.
The political instability in Baluchistan was caused when, Akbar Bugti, sought more royalty in the shares of production. However, in an interview, given to Sohail Wadahich, he rebuffed such claims.
Sui gas field accounts for 6% of Pakistan's gas production.[3] Remaining reserves are estimated to be at about 2 trillion cubic feet (57×109 m3) and the daily production is around 604 million cubic feet (17.1×106 m3).
The operator of the field is Pakistan Petroleum Limited.
Protective measures
The SUI Gas pipelines repeatedly get attacked by the terrorists that is why as a protective measure, Chief of Army Staff Ashfaq Pervez Kayani has ordered that Frontier Corps (FC) will take charge of Sui gas fields.[4]
References
- Kiani, Khaleeq (2 January 2017). "Fresh Sui gas agreement". DAWN.COM. Retrieved 27 June 2017.
- "Sui Gas Field". www.ppl.com.pk. Pakistan Petroleum Limited. Retrieved 13 May 2019.
- "PPL broadens its horizons". Upstream Online. NHST Media Group. 2007-02-19. Retrieved 2007-12-23.
- http://www.thenewstribe.com/2011/04/18/fc-to-take-charge-of-security-in-sui-army-chief/