Major oil find near Pak-Iran border

[BHarwana]

It is trustworthy, if it had discovered oil it would go run and make a public announcement probably in New York so that it's share price spikes. I just checked there is no release from ExonnMobil. All I can find is it has bought 25% share in offshore drill in Pakistan. I think our good minister Haroon is getting carried away with bluster and wind.

I posted a thread on the finding of these reserves few days back.

 

[FalconStar]

I think they found this guy in Balochistan.

 

[Dark-Destroyer]

It's not question of oil being here and there. Take gold for instance or iron. I am pretty sure if not 100% sure that there is iron and gold in my garden. Iron because I have a small stream flowing through and there are reddish hues suggesting heamatite or iron. Also if you carried lab analysis of my garden soil it would show it has gold. But non of that is reason for me to declare I am a gold billionaire and a iron magnate like TATA in India.

The reality is there are always trace, to more then trace elements in the earths crust. The problem is extraction. Only in certain places do we have minerals deposits in pure enough form and easily accessible to warrant commercial or profitable extraction. The balance changes continously as extraction technology improves and prices increase making more mineral deposits available.

And there is no saazish against Pakistan. Global companies are continously on the look out for new reserves to tap. It presents profit for them. They are speculating and spend millions on new drilling. They know if they strike new reserves they will make billions. Although there some companies speculating in Pakistan but most focus in Persian Gulf, parts of Africa etc because those areas are regarded has having the greatest potential. In Pakistan even if they strike oil it tends to be small pockets here and there. Whereas in Persian Gulf they have hit oil wells that are not pockets but some as large as countries. Meaning there is ocean of oil under the surface.

well one can always be optimistic

 

[Path-Finder]

PMLN did that who else?

my thoughts exactly.

 

[Sugarcane]

Don't believe them. Iranian oilfields are way to the west and the proximate region of Iran has no oil. It is dry. And this whole idea of oil flowing down [in practice not in theory] is dumber than dumb. Laughable. Water car sounds more plausible!

The nearest oil wells in Iran are about 400 miles west and belong to the same cluster as UAE, Bahrain, Qatar. Hell if this was true we could 'pinch' UAE oil by simply drilling well deep under the sea and all the oil from Oman, UAE, Iran would flow into it.

Exxonmobil is doing offshore exploration in Pakistan, don't know how they ended up discovering oil on Pak-Iran border.

 

[BHarwana]

@Indus Pakistan discovery of this oil reserve is not new. The oil is under Balochistan area it could not be drilled from there. Exxon is trying to access it from under sea.

 

[Indus Pakistan]

Give contract to any company but Exxon Mobil

I believe our future finance minister Asad Umar learn't his trade as employee of ExxonMobil. Indeed Engro grew out of a ExxonMobil enterprise. Of course I stand to be corrected. And ExxonMobil is not to be trusted then any private international multinational. They all are in it for the money. And they don't hid it. It is in their Articles of Association to make money for their shareholders so I can't see how 'trust' has anything to do with it.

 

[CHACHA"G"]

If these are shale Oil or Gas then very highly likely to be true because we are in top countries , but if it is conventional then I will wait for official news or press release

 

[Imran Khan]

Dollars nalio mein behega aur crude ka sailab ayega...kyu @Imran Khan sirji

janab we did not sale crude oil we use it in local market to keep ballance sheet a bit clear
in 2017 Pakistan produces 85,500 bbl/day of oil but imports 166,000 bbl/day,

 

[Indus Pakistan]

@Indus Pakistan discovery of this oil reserve is not new. The oil is under Balochistan area it could not be drilled from there. Exxon is trying to access it from under sea.

Please read my post #27

 

[CHACHA"G"]

@Indus Pakistan discovery of this oil reserve is not new. The oil is under Balochistan area it could not be drilled from there. Exxon is trying to access it from under sea.

So that means it is Shale oil

 

[LeGenD]

Give contract to any company but Exxon Mobil

Depends upon the terms & conditions of contract and who is ruling Pakistan. When corrupt politicians are ruling the country, everybody will exploit you.

Refer to you Saindak copper and gold project scandal where a Chinese firm retain ownership of 50% of the digs (possibly more) and the remainder of the distribution is such that Balochistan remains impoverished.

 

[Sugarcane]

our production is almost 1lakh barrels per day its not bad sir
we are world #40 in oil production sir i think its fine .

That's true but having oil reserve more than Kuwait is altogether different thing.

 

[Imran Khan]

Exxonmobil is doing offshore exploration in Pakistan, don't know how they ended up discovering oil on Pak-Iran border.

sea also having borders sir

 

[BRAVO_]

"Innamal a’malu binniyat” (Indeed all actions are based on the intentions)
we have everything all we need the honest leadership ...