Seismic survey underway in Gwadar to explore oil, gas

[Clutch]

Mubashir Luqman Did Not Exactly Say Six Trillion Barrel But Said That There Is An Extremely Large Oil Field Offshore Karachi And It Is Due To Increase In Pakistan Offshore EEZ(Which Has Now Happened).The Report of 6 Trillion Barrels Was Made By GSP.It Was Reported In Multiple Sources Incl. Carnegie

Can you please stop saying 6 trillion bbl of oil reserves.

That would be ridiculous considering you are saying there is a single reservoir with over 4 times ALL the GLOBAL reserves combined! It makes the entire conversation juvenile. I don't care who said what and who you are quoting... it's retarded.

 

[niaz]

There Is GSP Report On Six Trillion Barrel Oil Reserves In Pakistan Offshore Balochistan Although Our Resident Expert Niaz Sahib Gets Really Irritated By It.


I Can Tell You A Few More Things To Be Excited About

Despite being in the oil industry for more than 40 years, until now I had not come across the figure of potential 6-trillion barrels of oil in Pakistan. The largest figure quoted was 58-billion barrels in Dawn of Nov 20, 2015.

Quote
ISLAMABAD: Pakistan has confirmed recoverable reserves of around 200 trillion cubic feet (TCF) of natural gas and around 58 billion barrels of oil in its shale structure — many times larger than existing conventional gas reserves of around 20 TCF and 385 million barrels of oil.

This was stated by Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi at a press conference held here on Thursday to explain main findings of a recently concluded Shale Gas Study based on actual data of existing wells.

“The conclusion (of the study) is that Pakistan has huge potential of shale gas and oil which is much bigger than previous estimates of the United States Energy Information Administration (USEIA) and technology is available at home to produce this resource,” he said.
Unquote

http://www.dawn.com/news/1220955

Since, according to the data available with me, the figure is more than ten times the figure for the undiscovered reserves of the whole world and about 100 times the figure quoted by Pakistan’s petroleum Minister. Would anyone blame me if I seriously doubt its veracity?

I was aware that Maharashtra Coast of India and the Krishna/ Godavari Basin on the East Coast could have large offshore oil & gas deposits but these barely total single figure billions and low double digit tcf gas reserves. Therefore I am absolutely amazed on being informed that I am an Energy Consultant but I did not know that Gwadar was sitting on potentially 6-trillion barrels of oil!

Worldwide figures of discovered and undiscovered reserves as published by the United Stated Geological Survey (USGS) being. According to the USGS report of on 2012

Quote
The total amount of oil left to be discovered around the world is 565 billion barrels, the USGS estimated. That’s a drop of 13 percent from the 2000 study, which put the figure at 649 billion barrels.
Unquote

http://energyblog.nationalgeographi...oil-shows-shift-away-from-middle-east-russia/


Another link https://www.doi.gov/news/pressrelea...ecoverable-Conventional-Oil-and-Gas-Resources

Quote
Excluding the United States, the world holds an estimated 565 billion barrels (bbo) of undiscovered, technically recoverable conventional oil; 5,606 trillion cubic feet (tcf) of undiscovered, technically recoverable conventional natural gas; and 167 billion barrels of undiscovered, technically recoverable natural gas liquids (NGL), according to a new assessment by the U.S. Geological Survey (USGS) released today.
Unquote.

The latest figure about US potential reserves according the EnergyWire: Tuesday, July 5, 2016 is:
Quote
Combining all estimates for oil and condensate reserves gives the United States a figure of 264 billion barrels. That contrasts with 212 billion barrels for Saudi Arabia and 256 billion barrels for Russia.
Unquote

http://www.eenews.net/stories/1060039775

Finally, 6-trillion barrels are worth 300-trillion dollars; if the figures are correct, why aren’t multinational oil companies lining up to bid for the blocks?

But what can an ignorant person like me know about Pakistan's riches!

 

[Bouncer]

But what can an ignorant person like me know about Pakistan's riches!

This is called "bhigo k chittar maarna" lol

 

[SleepingLion]

Chinees can do anything! we need to suck oil from GCC and Iran

While a decade ago there were rumors that Iran and Pakistan have an agreement that Pakistan will not do any oil/gas exploration in Baluchistan in return of low priced oil.

 

[Samlee]

Despite being in the oil industry for more than 40 years, until now I had not come across the figure of potential 6-trillion barrels of oil in Pakistan. The largest figure quoted was 58-billion barrels in Dawn of Nov 20, 2015.

Quote
ISLAMABAD: Pakistan has confirmed recoverable reserves of around 200 trillion cubic feet (TCF) of natural gas and around 58 billion barrels of oil in its shale structure — many times larger than existing conventional gas reserves of around 20 TCF and 385 million barrels of oil.

This was stated by Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi at a press conference held here on Thursday to explain main findings of a recently concluded Shale Gas Study based on actual data of existing wells.

“The conclusion (of the study) is that Pakistan has huge potential of shale gas and oil which is much bigger than previous estimates of the United States Energy Information Administration (USEIA) and technology is available at home to produce this resource,” he said.
Unquote

http://www.dawn.com/news/1220955

Sir If Dawn News Is What You Need I Can Provide You With That


http://www.dawn.com/news/68325

I remember We Has This Conversation A Few Years Back I Told You That I Did Not Say That 6 Trillion Barrels Indeed Existed But I Said That A Serious and Thorough Exploration Should Be Done Of The Makran Coast To Confirm or Deny

https://defence.pk/threads/oil-and-gas-dicovered-in-khyber-pakhtunkhwa.79330/page-5

The Only Thing I Said That Pakistan Is Situated At The Intersection of 3 Tectonic Plates and Has A Large Sedimentary Basin So I Am Confident That Pakistan Should Have Substantial Reserves of Hydrocarbons


A Few Months After We Had This Discussion A Family Friend Visited Us.He Was A Geologist Who Retired From GSP.I Asked Him Whether Such A Report Did Exist.He Told Me That Although He Did Not Directly Participate In The Survey Of Makran Coast,His Colleagues Did and That Such An Estimate Had Indeed Been Made.But When They Made This,Government and National Security Establishment Contacted Them And Told Them Keep A Hush About It.In View Of International and Regional Situation of The Time,It Was Not Wise To Bring It To The Limelight.

Since, according to the data available with me, the figure is more than ten times the figure for the undiscovered reserves of the whole world and about 100 times the figure quoted by Pakistan’s petroleum Minister. Would anyone blame me if I seriously doubt its veracity?

I was aware that Maharashtra Coast of India and the Krishna/ Godavari Basin on the East Coast could have large offshore oil & gas deposits but these barely total single figure billions and low double digit tcf gas reserves. Therefore I am absolutely amazed on being informed that I am an Energy Consultant but I did not know that Gwadar was sitting on potentially 6-trillion barrels of oil!

Worldwide figures of discovered and undiscovered reserves as published by the United Stated Geological Survey (USGS) being. According to the USGS report of on 2012

Quote
The total amount of oil left to be discovered around the world is 565 billion barrels, the USGS estimated. That’s a drop of 13 percent from the 2000 study, which put the figure at 649 billion barrels.
Unquote

http://energyblog.nationalgeographi...oil-shows-shift-away-from-middle-east-russia/


Another link https://www.doi.gov/news/pressrelea...ecoverable-Conventional-Oil-and-Gas-Resources

Quote
Excluding the United States, the world holds an estimated 565 billion barrels (bbo) of undiscovered, technically recoverable conventional oil; 5,606 trillion cubic feet (tcf) of undiscovered, technically recoverable conventional natural gas; and 167 billion barrels of undiscovered, technically recoverable natural gas liquids (NGL), according to a new assessment by the U.S. Geological Survey (USGS) released today.
Unquote.

The latest figure about US potential reserves according the EnergyWire: Tuesday, July 5, 2016 is:
Quote
Combining all estimates for oil and condensate reserves gives the United States a figure of 264 billion barrels. That contrasts with 212 billion barrels for Saudi Arabia and 256 billion barrels for Russia.
Unquote

http://www.eenews.net/stories/1060039775

The Very Same US Has Recently Said Something About Pakistan's Hydrocarbons

http://tribune.com.pk/story/994883/...an-has-10159-tcf-of-shale-gas-deposits-usaid/

And This Does Not Include Balchistan.That Is To Come In The 2nd Phase of This Report

Finally, 6-trillion barrels are worth 300-trillion dollars; if the figures are correct, why aren’t multinational oil companies lining up to bid for the blocks?

But what can an ignorant person like me know about Pakistan's riches!

I Am Sorry Sir But Expected Something Much Better From The Likes Of You.Companies Are Also Not Exactly Forming Lines For Thar Coalfields Either So I Should Presume That Doesn't Exist Either

 

[DJ_Viper]

I would search offshore... the odds are better of striking an oil field there... how do i know that?... i don't... just speculation.

In-ground exploration is a much easier task then over the ocean and it takes much less time in the former's case too. There have never been indication of oil and gas around the Indian Ocean. Pakistan would have high success chances if later, it explored oil towards the end of her EEZ (around Oman, and the remainder of the ME). That are will give something.

 

[niaz]

In-ground exploration is a much easier task then over the ocean and it takes much less time in the former's case too. There have never been indication of oil and gas around the Indian Ocean. Pakistan would have high success chances if later, it explored oil towards the end of her EEZ (around Oman, and the remainder of the ME). That are will give something.

Hon Sir,

Indian Ocean does have oil & gas potential. Oil & gas have been found along the Bombay High off the West coast of India in the Miocene limestone which started producing in 1974. The filed has pumping around 250K bbls per day for the last 30 years (reached 400 K bbl per day in 1988). It may still have more than 10-bilion bbl of crude left. Krishna Godavari basin on the East Coast of India could have more than 10 TCF gas.

Off shore oil & gas are found mostly in the sedimentary basin & traps along the continental shelf and there could be oil & gas deposits along the Makran coast as well as in the Indus basin.

Traditionally most of the oil fields in Pakistan are small. It could be that over the past millennia earth quakes & tectonic plate movement fractured the reservoirs. My objection is about the size of the reserves. As of now there are less than 400-million bbl crude oil reserves in Pakistan. Even if we find another 10-billion barrels, this would be sufficient to meet our requirements at the current rate fir next 50 years!

Any reservoir with 5-billion barrels or more would be considered a large field. World’s largest fields as of today are the Ghawar field in Saudi Arabia that had about 100-billion barrels out which about 70-billion remains. Second largest was the Burgan field in Kuwait ((90-billion bbl) which also has about 65-billion bbl of oil left. Next largest is the Safaniya in Saudi Arabia (50-billion). After that there is a sharp drop in size and the 4th largest being Rumaila field is in Iraq with 18-billion barrels reserves.

Pakistan’ fields have been traditionally of about 35-million barrels or less. I don’t go by hearsay, only by facts & figures. Therefore, don’t care if the information came from the Heavens itself; I for one would find it hard to believe that there are 6-trillion barrels of oil reserves remaining in the whole world; on the Makran coast alone? NO WAY.

However, should some of my compatriots prefer to live in cuckoo land, it is their privilege to believe whatever comes to their fancy.

 

[Samlee]

Hon Sir,



However, should some of my compatriots prefer to live in cuckoo land, it is their privilege to believe whatever comes to their fancy.

You Know Mr Niaz Instead Of Accusing Me Of Living In Cuckoo Land It Would Have Been Far More Dignified Of You To Have Answered My Post Directly

 

[niaz]

You Know Mr Niaz Instead Of Accusing Me Of Living In Cuckoo Land It Would Have Been Far More Dignified Of You To Have Answered My Post Directly

Honorable Samlee,

According to all the literature that I go through on a regular basis, the highest estimate of the world’s total known and potential oil deposits with enhanced CO2 recovery and including the shale is between 2- trillion and 5-trillion barrels.
On the other hand I am informed that there are 6-trillion barrels reservse along the Makran coast alone! You can therefore understand my exasperation at a claim which in my opinion is utterly ridiculous.

However, I assure you that I am not in the habit of insulting people and my sincere apologies for any hurt that my post has caused you.

 

[Samlee]

Honorable Samlee,

According to all the literature that I go through on a regular basis, the highest estimate of the world’s total known and potential oil deposits with enhanced CO2 recovery and including the shale is between 2- trillion and 5-trillion barrels.
On the other hand I am informed that there are 6-trillion barrels reservse along the Makran coast alone! You can therefore understand my exasperation at a claim which in my opinion is utterly ridiculous.

However, I assure you that I am not in the habit of insulting people and my sincere apologies for any hurt that my post has caused you.

Sir I Do Not Doubt Your Expertise Research or Credibility.All I Say Is That If GSP Has Made A Claim There Should Be Comprehensive Survey Of The Area To Confirm or Deny It And It Is A Good Sign That OGDCL Has Started This With Cooperation of China.

The Claim Of Six Trillion Barrels May Not Be True But The Geological Location of Pakistan on Three Tectonic Plates And The Fact That It Has A Vast Sedimentary Basin Has Always Convinced Me That Extraordinary Hydrocarbons Do Exist in Pakistan and The Fact That Our Family Friend(Mentioned Above) Confirmed Of Such A Survey in Makran Interested Me Further.But Even If Thesee Reserves Don't Exist The US Report On Our Shale Reserves Both Oil and Gas Somehow Vindicated Me.


Thank You For Your Kind Post And I Assure You No Hard Feelings

 

[Well.wisher]

Banda thora asaan language me bat kr le take aam logon ko bhi ap logon ki baaten samajh ajaen .
Mere palay to kuch nhi para , pata nhi kia bol rhy hain .