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Breaking News Versions on Oil Discovery within week

Microsoft

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Given its only speculation. But the estimated possible reserves are over 100 billion barrel that will put is above Kuwait.

http://www.arabnews.com/node/1351556/world


Current estimate put it over 100 billion barrel and place it ahead of Kuwaiti reserves.

So this will be massive massive if they do find oil and there seems to be strong indicators.
Bro that article is from Aug 2018 and is for a different drilling site. This drilling site is near Karachi.
 

Alpha BeeTee

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Pakistan Prime Minister Imran Khan has hinted at finding ‘massive’ oil reserves in recent off-shore drilling off the coast of Karachi.

“Pakistan will not need to import oil after reserves are found near Karachi’s seas,” said Imran while talking to media at Prime Minister House in Islamabad on Monday.


https://gulfnews.com/world/asia/pak...ts-at-finding-massive-oil-reserves-1.62904011

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People have been wildly speculating the size of the new found oil & gas reservoir, so here is my guesstimate: Approx 20bn to 27bn barrels.

Plus there is good news of multiple new gas fields, Thar coal has started producing electricity. All these indicators point to a change in destiny. All of this could have happened in the previous two Govt's tenure, but it didn't. I have said this before Allah works in mysterious ways, we cannot fathom the depth of his wisdom.

Pakistan needs to focus on limiting corruption, and investing in Health, Education, housing, and Defence.

Congratulations! May Allah give you the wisdom to use this new found wealth wisely.

Best Regards
Paksitan Zindabad, Pakistan Paindabad :pakistan:
Any reason for sticking to the 25billion mark?
 

Hareeb

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Current official or semi official estimation is 100 billion barrel
Indus-G block is part of the same field where Mumbai High Oil Field is producing more than 200,000 barrels/day, thus 100 billion barrels is far than possible. Moreover, this is the 18th attempt to find hydrocarbons from deep waters in Pakistan. Earlier, Pakistan has drilled 17 times in deep sea, and the wells were either found dry or not commercially viable to be operated, so, we should not expect miracles.
 

QasimTraveler

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Making mountain out of a molehill it seems, US did not become top oil producing company in a matter of weeks.

The exploratory phase is underway, the lab results are due, do not expect a single atom before years of due diligence.

If Pakistan's problems were that easy to solve, we would have become the king of the world decades ago.

All the best to us but remaining grounded is the way to go.
 

IbnAbdullah

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Salaam

Will Pakistanis turn into the modern day Arab?

Arragontc and gutless?

I hope not...that will be the biggest shame.
I think that India and kashmir issue will help us keep our energies somewhat focused. Oil or no oil, India will have a resource advantage in the foreseeable future.


...
 

B52 Mixer

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You could be wrong.

Back in 1990's we had surplus gas because we had no CNG stations. Thank Musharaf for that.

The offshore block where discovery is being announced daily was also auctioned by the same crooks.
Pakistan has one of the worst air atmosphere. Gas is considered a cleaner burner w.r.t oil. Thanks that we have CNG or it could have been worse. Gas is not for cooking parathas and qorma everyday.
 

Dr. Abdul Basit

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I don't think its just a coincidence but
Gawadar and CPEC
Saudi Arab setting up refinery along with 20 Bn investment
and now this news, of oil discovery. it all seems connected
 

B52 Mixer

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Indus-G block is part of the same field where Mumbai High Oil Field is producing more than 200,000 barrels/day, thus 100 billion barrels is far than possible. Moreover, this is the 18th attempt to find hydrocarbons from deep waters in Pakistan. Earlier, Pakistan has drilled 17 times in deep sea, and the wells were either found dry or not commercially viable to be operated, so, we should not expect miracles.
The political situation of this block is very interesting. Remember when America provided us Orion aircrafts back in 2000s which increased our sea water territory? It was only after we vowed to auction new blocks to ENI.
Remember the taliban attack which completely destroyed one of our onions at mehran base, guess who did it ? Indians and UAE protested against the American decision of providing Pakistan more aircrafts.
There are considerable reserves in the region and any country around with strong Navy presence may claim according to international law, that’s the reason India is spending billions on Russian submarines.
 
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alee92nawaz

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Pakistan Prime Minister Imran Khan has hinted at finding ‘massive’ oil reserves in recent off-shore drilling off the coast of Karachi.

“Pakistan will not need to import oil after reserves are found near Karachi’s seas,” said Imran while talking to media at Prime Minister House in Islamabad on Monday.


https://gulfnews.com/world/asia/pak...ts-at-finding-massive-oil-reserves-1.62904011

**********************************************************************

People have been wildly speculating the size of the new found oil & gas reservoir, so here is my guesstimate: Approx 20bn to 27bn barrels.

Plus there is good news of multiple new gas fields, Thar coal has started producing electricity. All these indicators point to a change in destiny. All of this could have happened in the previous two Govt's tenure, but it didn't. I have said this before Allah works in mysterious ways, we cannot fathom the depth of his wisdom.

Pakistan needs to focus on limiting corruption, and investing in Health, Education, housing, and Defence.

Congratulations! May Allah give you the wisdom to use this new found wealth wisely.

Best Regards
Paksitan Zindabad, Pakistan Paindabad :pakistan:
Stop counting your chickens before they hatch.
 

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