Pakistan Among Top 5 Countries to Discover Oil and Gas in 2017

[ziaulislam]

If speculating that Imran Khan will win next elections is low quality than all of social media is.

Poll shows pmln will b largest party because of clean swipe in northern Punjab

 

[Imran Khan]

jitna oil arbiyoo ki aik oil well se niklta hai us se ziada humary salan main hota hai

 

[AZADPAKISTAN2009]

Discovering is never the problem in Pakistan

a) We discover ideal place for Kala Bagh dam , but no action
b) We discover riqo diq mines but no action
c) We discover ideal place for Bhasha dam but no action
d) We plan to sell barron land to arabs for farming but no action

 

[niaz]

We must remember that the “Number” of discoveries is totally different from “Size” of the discoveries. These were the top 10 oil hydrocarbon discoveries during 2017.


https://info.drillinginfo.com/top-10-oil-gas-exploration-discoveries-2017/

You can see Pakistan is nowhere. Petroleum is the only field that I know a little about and I would like to put things in their proper perspective.

 

[El Sidd]

We should be careful with these figures.

Offshore drilling is however a viable option.

 

[RiazHaq]

Major oil find in #Pakistan near #Iran border. Minister for Maritime Affairs/ Foreign Affairs Abdullah Hussain Haroon says ExxonMobil has indicated that it is close to hitting huge #oil reserves which could be even bigger than #Kuwait's reserves. #energy

https://www.dawn.com/news/1424804

Addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the minister said that ExxonMobil — an American multinational oil and gas company — has so far drilled up to 5,000 meters close to the Iranian border and is optimistic about the oil find.

The Government of Pakistan, he said, has already taken an undertaking from the company to set up a generation complex worth $10 billion.

The government is also encouraging Chinese and Western investment in the country, he added.

He further said that there is a need to integrate the Karachi Port and Port Qasim so that they could supplement each other in the larger interest of the country.

On the occasion, he said the Pakistan National Shipping Corporation (PNSC) has sufficient funds for purchasing two vessels but this will be done by next government.

The minister said that there is greater need to have new area for fish harbour because the existing one has many issues and there is shortage of land. However, he regretted that the harbour is not well kept and hoped that the European Union (EU) will give subsidy for new fish harbour.

“Foreign investors are interested in coming to Pakistan, provided we manage to meet their standards and attract them to make investment,” he stressed.

The minister advised that ports should be developed so that they could meet the country’s demand on the basis of its markets and products and fully supported the Karachi Port Trust (KPT) development projects highlighted by KPT Chairman Admiral Jamil Akhtar.

Responding to a question, Mr Haroon said that there was no need to give Pakistani land to foreigners, adding: “There is need that as a nation should take up such projects of national importance.”

 

[RiazHaq]

#ExxonMobil close to hitting huge #oil #reserves in Pakistan, bigger than #Kuwait’s (100 billion barrels). If the oil deposits are discovered as expected, #Pakistan will be among the top 10 oil-producing countries (#OPEC), ahead of Kuwait in 6th position http://www.arabnews.com/node/1351556#.W2eASM-rU8g.twitter

The US energy giant has drilled up to 5,000 meters near the Pakistan-Iran border, says Pakistan foreign minister
If the oil deposits are discovered as expected, Pakistan will be among the top 10 oil-producing countries, ahead of Kuwait in sixth position
KARACHI: The US energy giant ExxonMobil is close to hitting huge oil reserves near the Pakistan-Iran border, which could be even bigger than the Kuwaiti reserves, says Abdullah Hussain Haroon, Pakistan’s caretaker minister for maritime affairs and foreign affairs.

ExxonMobil, the American multinational oil and gas company, has so far drilled up to 5,000 meters close to the Iranian border and is optimistic about the oil discovery, Haroon told business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
If the oil deposits are discovered as expected, Pakistan will be among top the 10 oil-producing countries ahead of Kuwait in sixth position.
Kuwait’s oil reserves make up 8.4 percent of the oil reserves in the world. Kuwait claims to hold about 101.50 billion barrels, including half of five billion barrels in the Saudi-Kuwaiti neutral zone which Kuwait shares with Saudi Arabia.
According to current estimates, 81.89 percent of the world’s proven oil reserves are located in OPEC member countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65.36 percent of the OPEC total, latest OPEC data shows.
Pakistan’s foreign minister also said that his government has already taken an undertaking from ExxonMobil to set up a generation complex worth $10 billion.
“They are also putting up an LNG berth at Port Qasim, the second seaport in Karachi. They have already paid for the drilling rights in Pakistan,” Haroon added.
He said: “Pakistan is providing a level playing field to foreign investors and they are interested in coming to Pakistan. What we need to do is to meet their standards and attract them to make investment.”
In May 2018, the ExxonMobil had acquired 25 percent stakes in offshore drilling in Pakistan. The agreement was signed at Prime Minister’s Secretariat among ExxonMobil, Government Holdings Private Limited, PPL, Eni and the Oil and Gas Development Corporation.
The agreement has reduced the drilling share of other partner exploration companies to 25 percent each.
Haroon said that Pakistan is being dragged into the US-China trade war but “the country is maintaining its impartiality.”
“When we sought a much-needed external loan from China, which they initially had refused, the US expressed its annoyance,” Haroon added.
Pakistan currently meets only 15 percent of its domestic petroleum needs with crude oil production of around 22 million tons; the other 85 percent is met through imports. The country facing huge current account deficit of up to $18 billion is spending a substantial amount of foreign exchange reserves on import of oil. The import bill of Pakistan rose by to $12.928 billion in the July-May 2017-18 period of the last fiscal year.
Pakistan’s foreign minister also talked about the current water crisis and its impact on Indo-Pak relations. “India is acting to control water flows which would endanger Pakistan’s food security and they would ruin our crops,” he said.
Haroon called for the integration of Karachi Port and Port Qasim so that they could supplement each other in the larger interest of the country.

 

[Indus Pakistan]

We must remember that the “Number” of discoveries is totally different from “Size” of the discoveries. These were the top 10 oil hydrocarbon discoveries during 2017.


https://info.drillinginfo.com/top-10-oil-gas-exploration-discoveries-2017/

You can see Pakistan is nowhere. Petroleum is the only field that I know a little about and I would like to put things in their proper perspective.

In did not know that this was your field. Please can we have your analysis about this claim "oil found 5000 metres from Iran bigger then Kuwait"? I am very sceptical but since your a expert please give your thoughts. Why has ExxonMobil not announced this discovery? Only the good amabassador who can be a bit of a windbag is 'outing' this great news?

 

[Dark-Destroyer]

In did not know that this was your field. Please can we have your analysis about this claim "oil found 5000 metres from Iran bigger then Kuwait"? I am very sceptical but since your a expert please give your thoughts. Why has ExxonMobil not announced this discovery? Only the good amabassador who can be a bit of a windbag is 'outing' this great news?

I agree would be nice to have someone’s view with experience in this field

 

[Indus Pakistan]

I agree would be nice to have someone’s view with experience in this field

You know I am extremely sceptical about this claim. However there is this hope that I am wrong because if this is true then this will change Pakistan overnight.

 

[Dark-Destroyer]

You know I am extremely sceptical about this claim. However there is this hope that I am wrong because if this is true then this will change Pakistan overnight.

I hope so

 

[RiazHaq]

Minister Hussain Haroon denies quote about big oil find by Exxon Mobile in Pakistan

 

[Samlee]

Minister Hussain Haroon denies quote about big oil find by Exxon Mobile in Pakistan

You Should Think A Million Times Before Relying On That Crappy DAWN News

 

[Hakikat ve Hikmet]

Kun Fayiye Kun - [ALLAH] says BE, and it IS (The ultimate Divine POWER)...

 

[Pakistansdefender]

Wo jo hum Kuwait se zayada bara oil ke zakira nikal raha tha, Wo khabar sachi hai ke nhn.
It should only be made public by new government.
The local Baloch government would extract oil and sell it to all provinces and the revenue they earn must be spent on developing balochistan but federal must keep an eye. Those folks in balochistan assembly still has no capacity to actually perform anything. All are loosers of nth level.
Anyways if the news be true.

Good news for Imran Khan and Zulfi Bukari.

I don't know why people like you are against zulfi bukhari.
That guy is not even a Politician, nor even aspires to be one.
He works in London, but these media guys have made these stupid cases, where he now can't leave.
If he goes to London, you guys would bark that Imran made him escape.
If he stays here and hang out in the bani gala, you people are still mad.
He can't leave unless his nab cases are solved, he was never in power. But still search him as much as you want, punish him. But in the mean time let him hand out with the big crowd at bani gala Atleast.

People like you are never happy.
You have 70 percent chance of being rauf kalasra or Arshad sheriff in disguise, because only these two people seem to hold personal grudge against zulfi, otherwise he didn't even matter.
We see his pics daily, thanks to you people, forcing him to stay in Pakistan..