Offshore Drilling Near Karachi Coast Completed

[Tweety Sweetie]

The required oil and gas drilling 280 kilometres from Karachi has been completed.

Lahore (UrduPoint / Pakistan Point News – 14th May 2019) The offshore drilling near the Karachi coast has been completed. According to details, the required oil and gas drilling 280 kilometers from Karachi has been completed. According to a report published in a local newspaper, the joint venture comprising ENI and Exxon Mobil has completed 5,470-metre under-water drilling with an estimated cost of Rs14 billion. The company has got access to the oil and gas reserves. The drilling company has started estimating the exact quantity of oil and gas reserves. This proves will be completed within three days while the report on the quantity of the oil and gas will be prepared in one week. The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which was being carried out at an estimated exploration cost of $ 75 million. The consortium has started drilling activities on January 13, 2019. Experts believe that there are huge hydrocarbon deposits, sufficient for 25 to 30-year needs of the country if proven. The discovery is anticipated to yield gas flows which could be 'as big as Sui field,' with estimated reserves of three to eight trillion cubic feet (TCF), or 25-40 percent of the country's total gas reserves. Minister for Petroleum Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar Friday visited the offshore Indus G-Block called Kekra-I, some 230-km off the Karachi coast, and reviewed the pace of the drilling activities.

 

[Baz]

What is the news here. flippin speculations.

 

[BHarwana]

What is the news here. flippin speculations.

The news is that they have completed drilling.

 

[ali_raza]

The news is that they have completed drilling.

kitna oil bharwana ji

 

[Peaceful Civilian]

kitna oil bharwana ji

Just wait 1 week for report.

 

[BHarwana]

kitna oil bharwana ji

Don't know bro data not published till now we will have to wait few weeks for reports but off the record news is that reserves are good enough.

 

[AZ1]

Now if drilling has been completed then sample will go to exxon lab and italy and then we will have news how much do we have and what we have.

 

[Hakikat ve Hikmet]

The timing of this entire cycle is very Manidar!!! The report IMO is to be dominated by the geo-strategic and geo-political considerations!!! Don’t know the exact terms and conditions in the contract, which the Westerners are hard to beat at, a third party evaluation is a must....

 

[SHAH820]

can some one explain to me

they told 5,800 meters of drilling required how come the process was completed at 5,470 meters.

did they find some thing thats why drilling process stop before reaching 5,800 meter ?

 

[Hex0maniac]

can some one explain to me

they told 5,800 meters of drilling required how come the process was completed at 5,470 meters.

did they find some thing thats why drilling process stop before reaching 5,800 meter ?

I heard it somewhere that is the maximum depth to find oil/gas reserve is 5800 its not hard and fast rule.
After 5800 the course of action is to start drilling horizontally.

 

[CHACHA"G"]

This is month of RAMAZAN ……. People please Pray for Pakistan "Pray for Oil and Gas discovery" (at least 10/BBL recoverable + economical)

 

[Mrc]

This is month of RAMAZAN ……. People please Pray for Pakistan "Pray for Oil and Gas discovery" (at least 10/BBL recoverable + economical)

I am praying for 20 BB

 

[Baburfromsarmarkand]

We won't have oil. The Arabs have different terrain all together. Plus the Prophet (pbuh) prayed for their well being of his cities.
We need to export food. Like fruits rice. Shezan juices Etc. We have the soil. They have the oil

 

[Clutch]

Four oil firms complete offshore drilling near Karachi coast
Source: Xinhua| 2019-05-14 22:21:47|


ISLAMABAD, May 14 (Xinhua) -- A consortium of four major oil exploration companies has completed the offshore drilling process near the southern port city of Karachi in Pakistan after a hard work of four months.

According to the local media reports on Tuesday, ExxonMobil, ENI, Oil and Gas Development Company, and Pakistan Petroleum Limited are conducting the drill stem test to determine the real size of the oil and gas reserves in the Kekra-1 well, located around 280 km away from Karachi.

The joint venture of four oil giants spudded the Kekra-1 well to the depth of 5,470 m at a cost of 14 billion Pakistani rupees.

According to the officials in the Ministry of Petroleum, the Drill Stem Test would be completed in the next three days. After the completion of the Drill Stem Test, a report will be prepared about the total quantity of the oil and gas reserves within a week.

They further stated that the initial tests had estimated the availability of around 9 trillion cubic feet of gas with a large quantity of oil in the Kekra-1 well, which had excited the nation, including Prime Minister Imran Khan who openly spoke about it on numerous occasions.

The four-firm joint venture had started the offshore drilling process on Jan. 11, 2019, which was expected to be completed by March. However, the process was delayed by critical issues, but ENI stayed committed to the completion of the offshore drilling.

The technical problems during the offshore drilling forced the drilling team to spend an additional 100 million U.S. dollars to procure surplus steel and cement because the team had to change the direction of the drilling process of the Kekra-1 well.

The Petroleum Ministry officials informed the local media that changing the direction of the drilling was a challenging task because the joint venture was running out of time to complete the drilling process as sea waves generally become unstable by the end of May. The stability of a drilling ship by the end of May would have been quite a daunting task, they added.

They informed that within the next 10 days, the joint venture team would be able to determine the actual size of the oil and gas discovery. According to senior officials of the Petroleum Ministry, the necessary infrastructure would be erected in the sea for oil and gas exploration only if the price of total reservoir quantity was worth more than 10 billion U.S. dollars.

The economic experts believe that if the four major oil exploration companies are able to find the reservoir quantity according to the estimates, it would cut down Pakistan's oil import bill by 6 billion U.S. dollars every year.

 

[Mrc]

We won't have oil. The Arabs have different terrain all together. Plus the Prophet (pbuh) prayed for their well being of his cities.
We need to export food. Like fruits rice. Shezan juices Etc. We have the soil. They have the oil

What about Venezuela??