PGNiG drills production well in Pakistan’s Rehman field

[CrazyZ]

PGNiG drills production well in Pakistan’s Rehman field
HOUSTON, May 20
05/20/2019
By OGJ editors

PGNiG SA has spudded the Rehman-6 production well on the western part of Rehman field in Pakistan to develop tight gas in a Cretaceous sandstone formation. Crews plan to drill to 2,700 m.

PGNiG Pres. Piotr Wozniak said the company plans to drill four wells and put three of them on stream, including Rehman-6, during 2019.

Rehman field is on the border of the Sindh and Baluchistan provinces in southern Pakistan. PGNiG is the operator with 70% interest in the production. The company’s partner is Pakistan Petroleum Ltd.

Rehman and Rizq field already produce gas. Production from both fields is sent to a production facility in Rehman field. PGNiG said Rehman field is its first onshore production outside Poland while in Norway, PGNiG operates offshore platforms.

 

[Clutch]

I wonder if this is a horizontal fraced shale well.

Great news

 

[Samlee]

Excellent News

 

[CrazyZ]

I wonder if this is a horizontal fraced shale well.

Great news

I believe this is a conventional gas field.

 

[Yaseen1]

when 70% share in production belongs to foreign company how can we benefit from it much

 

[niaz]

when 70% share in production belongs to foreign company how can we benefit from it much

Looking at it another way; 30% is better than zero%. Besides, it would also create some job opportunities for Pakistanis as well as providing experience in fracking.

 

[Qutb-ud-din Aybak]

Looking at it another way; 30% is better than zero%. Besides, it would also create some job opportunities for Pakistanis as well as providing experience in fracking.

It will reduce imports.

 

[ziaulislam]

when 70% share in production belongs to foreign company how can we benefit from it much

Cooeprste tax is whopping 35%..
Also there are royalities and local money spent

 

[Yaseen1]

Cooeprste tax is whopping 35%..
Also there are royalities and local money spent

When you raise corporate tax these companies will increase price of their petroleum products which we buy from them

 

[ziaulislam]

When you raise corporate tax these companies will increase price of their petroleum products which we buy from them

They sell it under fix price offered through petroleum policy which is less than international oil..its available online..do a spend a minute googling it

 

[Yaseen1]

i think if we decrease corporate tax and royalty with condition that they sell us with much less price it will be equally viable option and makes no difference so problem is with share holding not with tax and royalty which lead to theses companies keeping much big share of profit margin then us

They sell it under fix price offered through petroleum policy which is less than international oil..its available online..do a spend a minute googling it

 

[ziaulislam]

i think if we decrease corporate tax and royalty with condition that they sell us with much less price it will be equally viable option and makes no difference so problem is with share holding not with tax and royalty which lead to theses companies keeping much big share of profit margin then us

What do you want..oil to be cheapet than saudi arabia whoseproduction is 100x times more (0.3 vs 10m barrel) and population 10x less?

And hiw would the cash starve govt work?

Saudis sell oil at 65 cents and we at70 cents india at 1.5$

 

[Yaseen1]

What do you want..oil to be cheapet than saudi arabia whoseproduction is 100x times more (0.3 vs 10m barrel) and population 10x less?

And hiw would the cash starve govt work?

Saudis sell oil at 65 cents and we at70 cents india at 1.5$

Govt is increasing petrol price by 9pkr per litre from 1st june and in Pakistan 70 cent rate is no more applicable and constant for long period as petrol price are increasing every month by great margin and is expected to reach 118pkr per litre at end of this month where as earning and wages of public is constant and declining for some people due to unemployment rise