UEP

What UEP does

United Energy Pakistan Limited (UEP) is the largest foreign oil and gas exploration and production (E&P) company operating in Pakistan, headquartered in Karachi with a regional office in Islamabad. The company manages onshore hydrocarbon concessions spanning approximately 26,000 square kilometers across the provinces of Sindh, Punjab, and Balochistan, producing crude oil and natural gas that is sold to downstream energy companies, refineries, and the Pakistani government. UEP also operates UEP Wind, a 99 MW wind power project in the Jhimpir wind corridor of Sindh developed at a cost of approximately US$250 million, which became operational in June 2017 as one of the priority projects under the China Pakistan Economic Corridor (CPEC).

UEP's core technology stack centers on conventional upstream E&P operations, including horizontal drilling, subsurface reservoir management, gas processing, and field development. The company has demonstrated drilling performance milestones with wells such as Takhat-3 and Taj South-1 recorded as the fastest drilled in company history, and has executed large-scale facility projects including the Naimat Phase-5 gas processing plant. UEP holds ISO 14001 (Environmental Management) and ISO 45001 (Health and Safety Management) certifications, reflecting operational compliance discipline. The company's geoscience and engineering teams develop static reservoir models, run drilling campaigns, and identify new development opportunities across multiple concession blocks including MKK, Badin, MIM, and Kuhan.

UEP is a wholly-owned subsidiary of United Energy Group Limited (UEG), a Hong Kong-listed energy company founded by Zhang Hongwei, and operates within a broader group portfolio that also includes assets in Egypt and Iraq acquired through the Kuwait Energy plc transaction in March 2019. UEP's revenue model is commodity-driven: produced hydrocarbons are sold to downstream energy companies under enterprise B2B arrangements, with pricing determined by prevailing market rates rather than publicly disclosed tiers. The company employs between 501 and 1,000 people, with approximately 99% of the workforce comprising Pakistani nationals, and pursues community development through partnerships with NGOs including The Citizens Foundation, Aga Khan University, and Kashf Foundation.

Name

UEP

Legal name

United Energy Pakistan Limited

Website

https://uep.com.pk

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

United Energy Pakistan Limited (UEP) is the largest foreign oil and gas exploration and production company in Pakistan, operating onshore concessions across approximately 26,000 square kilometers in Sindh, Punjab, and Balochistan, and selling produced hydrocarbons to downstream energy companies and the Pakistani government.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ)

Keywords

• Oil and gas exploration
• Hydrocarbon production
• Onshore concessions
• Wind energy generation
• Upstream energy operations

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Oil and Gas Production and Sales: UEP generates revenue through the exploration, development, and production of oil and gas from their onshore concessions in Sindh, Punjab, and Balochistan. The produced hydrocarbons are sold to downstream energy companies and contribute to reducing Pakistan's dependency on oil and gas imports.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

UEP explores, develops, drills, and produces oil and gas from onshore concessions covering approximately 26,000 square kilometers in Sindh, Punjab, and Balochistan, selling produced hydrocarbons to downstream energy buyers. The company also operates a 99 MW wind power project (UEP Wind) in the Jhimpir wind corridor, Sindh, as a renewable energy diversification. UEP holds ISO 14001 and ISO 45001 certifications and runs community-development CSR programmes alongside its E&P operations.

Product overview

United Energy Pakistan (UEP) operates as an integrated energy company with two core business segments: oil and gas exploration and production (E&P), and renewable wind energy. The oil and gas operations constitute the company's primary business, managing extensive onshore concession areas across Sindh, Punjab, and Balochistan provinces, where UEP conducts hydrocarbon exploration, drilling, and production activities. The wind energy segment (UEP Wind) represents a strategic diversification into renewable energy, comprising a 99 MW wind farm in Sindh's Jhimpir corridor that became operational in 2017. Together, these segments enable UEP to contribute to Pakistan's energy security through both traditional fossil fuel production and alternative energy sources.

Differentiator

Problem solved

Functional benefit

Brands

• UEP Wind: A 99 MW wind power project located in the Jhimpir wind corridor, Sindh province, developed at a cost of approximately US$250 million.

Products and services

• United Energy Pakistan (UEP) Oil and Gas Operations Upstream oil and gas exploration, drilling, production, and processing across UEP's onshore concessions in Sindh, Punjab, and Balochistan. Hydrocarbons produced are sold to downstream energy companies, refineries, and government entities in Pakistan.
• UEP Wind A 99 MW wind power generation project located in the Jhimpir wind corridor, Sindh province, supplying renewable electricity into Pakistan's grid as a strategic diversification for parent UEG.

Quantifiable outcome

• 300% increase in production and reserves since 2011
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Kuwait Energy plc (KE)coreStrategic or Co-development Partner · 1 March 2019In March 2019, UEG acquired Kuwait Energy plc, which has significant upstream oil & gas assets in the Middle East and North Africa (MENA) region. UEG aims to develop KE's assets and replicate the success achieved in Pakistan.
• Sindbad Oil Field (Iraq)coreStrategic or Co-development Partner · 1 January 2018In 2018, UEG signed the Development and Production Contract for the Sindbad oil field in Iraq, marking its foray into the Middle East energy sector.
• The Citizens Foundation (TCF)coreStrategic or Co-development PartnerUEP has built 20 schools in interior Sindh in partnership with The Citizens Foundation, a renowned NGO. Schools are located in Badin, Tando Muhammad Khan, Hyderabad, Sanghar, Matiari and Tando Allahyar districts. Around 1,800 children study at TCF schools funded by UEP.
• Aga Khan University (AKU)coreStrategic or Co-development PartnerUEP partnered with Aga Khan University to build a Mother and Child Health, Research and Training Centre in Matiari district. This landmark health center is the first of its kind in the district and aims to reduce infant and maternal mortality rates, catering to a population of about half-a-million people.
• Hunar FoundationminorStrategic or Co-development PartnerUEP sponsored a technical & Vocational Training Programs for over 100 young people from its concession area in partnership with Hunar Foundation, focusing on Mechanical and Electrical disciplines. Hunar Foundation awards certificates endorsed by Trade Testing Board and City & Guilds (UK).
• Kashf FoundationminorStrategic or Co-development PartnerUEP collaborated with Kashf Foundation to support women entrepreneurs in rural Sindh. Three branches in Khairpur district received funding, and over 9,000 women have received loans to start businesses including beauty salons, food stalls, and handicraft production.
• Research & Development FoundationminorStrategic or Co-development PartnerSince 2011, UEP has partnered with Research & Development Foundation to rehabilitate government schools in dilapidated condition. Over 100 school buildings have been restored.
• Aware (NGO)minorStrategic or Co-development PartnerUEP partnered with Aware to provide three solar powered water pumps for villagers living in its concession areas in Sanghar and Tando Allahyar districts.
• Tahzeeb Development Foundation (TDF)minorStrategic or Co-development PartnerIn partnership with TDF, UEP funded scholarships for five girls studying at Mehran University of Engineering and Technology (MUET), Jamshoro. Students also interned at UEP field facilities during summer holidays.
• Sindh Education Foundation (SEF)minorStrategic or Co-development PartnerUEP funds operational expenses of four community-based schools run by local NGOs under SEF supervision. About 1,500 boys and girls are taught free of cost at these schools.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• MOL Pakistan: Hungarian-major-affiliated E&P operator with significant Pakistan operations (Tal block). MOL Pakistan competes in the same Pakistani concession landscape with a similar gas-weighted upstream profile.
• Pakistan Oilfields Limited (POL): Listed Pakistani upstream operator focused on oil and gas production in Punjab and Balochistan. POL's concession-based production model and government offtake exposure closely mirror UEP's business.
• Mari Petroleum Company Limited: Pakistani E&P company with significant gas production and a similar onshore concession portfolio. Mari's mix of exploration, development, and gas sales to domestic buyers is directly comparable to UEP.
• Pakistan Petroleum Limited (PPL): Major Pakistani state-affiliated E&P operator with overlapping onshore acreage and gas-focused production. PPL competes head-to-head with UEP in domestic gas markets and concession bidding.
• Oil & Gas Development Company Limited (OGDCL): Pakistan's largest E&P company and the dominant domestic upstream operator. OGDCL directly competes with UEP for concessions, drilling, and gas offtake in the same Sindh, Punjab, and Balochistan basins.

Broad incumbents

• Eni: Global integrated energy major with historical E&P operations in Pakistan (Kirthar range) and broader MENA exposure. Eni represents a comparable international upstream player with both conventional and energy transition portfolios.
• Tullow Oil: UK-listed E&P company focused on emerging markets and frontier basins. Tullow's gas-weighted production profile and emerging-market operating model are thematically similar to UEP's Pakistan-centric footprint.
• OMV: Austrian integrated energy major that divested its Pakistan upstream assets (now UEP Alpha/Beta) to UEG. OMV remains a directly comparable international operator with similar concession-style E&P exposure across MENA and Asia.

Emerging players

• Genel Energy: MENA-focused upstream E&P company producing primarily gas in the Kurdistan Region of Iraq. Genel offers a comparable emerging-market, gas-weighted production model with similar country-risk profile to UEP's Pakistan operations.

Regional players

• Kuwait Energy plc: MENA-focused E&P company with operating assets in Egypt, Iraq, and Yemen, now part of UEG. As a former independent now integrated into UEP's parent, Kuwait Energy's MENA asset base sits alongside UEP's Pakistan portfolio under the same corporate umbrella.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/UnitedEnergyPakistanLimited
• LinkedInlinkedin.com/company/united-energy-pakistan

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UEP