offshore company || discovery of oil and gas reserves off Karachi coast
OGDC business executive says it's fifteenth off-shore oil and gas exploration well that has clothed dry
–Planned drilling of five,470 meters at Kekra-I well was achieved at a value of Rs14 billion
ISLAMABAD: Hours once Prime Minister Imran Khan told the state to expect excellent news concerning the
discovery of oil and gas reserves off Karachi coast, his special assistant on crude Nadeem cake
r proclaimed that offshore drilling in Kekra-I well has been stopped as a result of no oil reserves.
Amid abundant hoopla, Asian country was hopeful of finding massive oil and gas reserves in its territorial
waters within the Arabian Sea.
The prime minister, on various occasions, aforementioned he was still hopeful that Asian country would disc
over major gas reserves in offshore drilling being distributed within the Arabian Sea.
He aforementioned the state may receive excellent news among time period. The prime minister asked the
nation to supply special prayers so the expectations hooked up to the drilling project
come true. Imran Khan aforementioned, if found, the gas reserves would be enough to satisfy Pakistan’s wants for consequent fiftyyears.
According to former business executive of Oil and Gas Development Authority (OGDCL) Pervaiz Akmal, this
would be some 14/15th off-shore oil and gas exploration well that seems dry, once acquainted hopeful
speculations by folks at the helm of affairs.
“It’s thus unhappy that we tend to still continue saltation into these multi-million greenback exercises,
almost blindfold, typically to facilitate remunerative businesses for multi-national and native non-public firms,
with deep-seated unconditional interests reception and abroad,” he said.
In a investigate the involvement of Exxon and different firms, he aforementioned the “idling Italian
deep ocean oilrig got a remunerative business, and each ENI and Exxon would head home riant is not any secret”.
“It’s OGDCL & PPL [Pakistan crude Limited] that have paid through their nose.
He aforementioned the energy blues of Asian country would continue, each on and offshore, unless it corrects the
direction and intent with utmost sincerity.
Kekra exploration, a venture of 4 oil exploration firms completed the offshore drilling
method once four months on might fifteen.
A association comprising Exxon Mobil, ENI, Oil and Gas Development Company, and Asian country crude
Limited conducted the drill stem check to work out the important size of the oil and gas reserves within the Kekra-1 well
, settled around 280 kilometres faraway from Karachi.
The planned drilling of five,470 meters was achieved at a value of Rs14 billion.
The Drill Stem check (DST) would be completed within the next 3 days. once the completion of the DST,
a report are ready concerning the full amount of the oil and gas reserves among per week, sources more aforementioned.
In initial estimates, the supply of around 9 trillion cubelike feet of gas with an oversized amount
of oil was assessed within the Kekra-1 well.
Due to the crucial things baby-faced within the Kekra-1 well drilling, the exploration venture had to pay an extra
$100 million so as to obtain surplus steel and cement etc to drill the Kekra-1 well in another direction.
Oil, gas reserves not found off Karachi coast: PM's aide Nadeem fictional character
(Pakistan was hopeful of finding massive oil and gas reserves in its body of water within the Arabian Sea.
U.S.A. oil big Exxon Mobil, Italy’s ENI ANd a handful different firms had been concerned in drilling an ultra-deep oiler.
— Geo News FILE)
ISLAMABAD: Oil and gas reserves haven't been found in offshore drilling off Karachi coast, Special Assistant
to PM on crude Nadeem fictional character aforementioned weekday.
Pakistan was hopeful of finding massive oil and gas reserves in its body of water within the Arabian Sea.
U.S.A. oil big Exxon Mobil, Italy’s ENI ANd a handful different firms had been concerned in drilling an ultra-deep oiler.
Speaking solely to Geo News, fictional character aforementioned the method of drilling up to over 5500 meters was completed
on Kekra-1 (Indus G-Block) off Karachi coast.
He aforementioned Oil and Gas Development Company restricted (OGDCL) and Asian country crude restricted (PPL)
conjointly power-assisted Exxon Mobil and ENI in drilling the oiler.
The PM's aide aforementioned the workplace of weight unit crude Concessions has been apprised of the results of drilling.
He more enlightened that the value of drilling project, that has currently been abandoned, remained over $100 million.
Earlier this year, Prime Minister Imran Khan had aforementioned Asian country wouldn't have to be compelled to import oil oncereserves were found close to Karachi coast.
"We area unit hopeful of finding massive reserves of gas and oil within the ocean close to Karachi. the state ought to pray for this and that i can presently share excellent news concerning this," Khan had told reporters in national capital.
"God willing the reserves are thus massive that we are going to not have to be compelled to import any oil."
ISLAMABAD: Prime Minister Imran Khan on Th indicated that Asian country was on the verge of touch a form of jackpot within thekind of discovering a large reserve of oil and gas.
“Just pray that our hopes and expectations from the offshore drilling being distributed by the ExxonMobil-led association sway be true,” he said.
“There’s already been a delay of concerning 3 weeks, however if the indications we tend to are becoming from the businesses area unit something to travel by, there’s a robust risk that we tend to might discover a awfully huge reserve in our waters. And if that happens, Asian country can altogether be in an exceedingly completely different league,” he said.
The prime minister believes that if huge oil reserves area unit discovered, most of Pakistan’s economic issues are self-addressed and so there'll be no stopping the country’s progress.
Talking concerning varied challenges his government was confronted with, adult male Khan aforementioned that transfer concerningeconomic stability remained his biggest challenge.
He aforementioned once he took charge, the foreign reserves were extraordinarily low and therefore the International fund (IMF) was golf stroke extraordinarily robust conditions, like “asking U.S.A. to permit free floating of the rupee”.
Mr Khan aforementioned that with the assistance of friendly countries just like the UAE, China and notably Asian nation, the govtmanaged to boost the case. Now, he said, even the United Nations agency had relaxed its terms and things were occupation the proper direction.
ISLAMABAD: Hopes for the invention of huge reserves of oil and gas off Karachi coast pale once it absolutely was formally proclaimedon weekday that the much-celebrated offshore drilling in Kekra-1 had been stopped as a result of no reserves were found. The operators of the well have set to plug it within the coming back days.
Offshore drilling could be a mechanical method wherever a wellbore is trained below the ocean floor. it's generally distributed so as to searched for and after extract crude that lies in rock formations to a lower place the ocean floor.
pakistan oil
Fuel extraction in Asian country. in keeping with the u. s. Energy data Administration (EIA), Asian country might have over nine billion barrels (1.4×109 cubelike metres) of crude oil and one hundred and five trillion cubelike feet (3.0 trillion cubelike metres) in fossil fuel(including sedimentary rock gas) reserves.
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