World's energy giant ExxonMobil hints at more oil and gas reserves offshore Pakistan

[Umar Nazir]

ISLAMABAD: US energy giant ExxonMobil has expressed interest in drilling more offshore blocks in search for hydrocarbon reserves and is also looking to make investment in the liquefied natural gas (LNG) sector in Pakistan.

whats its mean ?? are they really found some thing huge at Kekra-I ???????

 

[AZADPAKISTAN2009]

Well they may have discovered something out there but instead of disclosing it they first came and asked just how much Gas Pakistan needs , may be negotiate a Terminal setup so they would rack in the $$$ from processing the LNG etc

Being shrewd businessmen why give up the Terminal rights to Pakistan ? They will make some % from share in gas discovery , plus they might also make extra money by setting up a LNG terminal as bonus

But it is 100% business related move


ExxonMobil holds 25 percent interest in Block G located offshore Pakistan
Pakistans owns 75% interest

So they want to may be make some extra money from Terminals operation

 

[Ahmad Bhutta]

Voice of america is launching a sindhi lamguage channel now so they could start another ptm like resistance in sindh after oil.in discovered in karachi they will push sindhi for ask for oil rights like how voa launched ptm
Please do something about voa

 

[AZADPAKISTAN2009]

You know if they offer to setup a LNG plant 2-3 Units , Gas is already discovered

Saudia has already offered to setup a refinery in Pakistan for Oil , so it means they also have advance knowledge of presence of oil in that areas

Russia has also been interested to bring their own Refineries in regions , and move Gas across Pakistan to Indian side

So a lot if happening

 

[Hakikat ve Hikmet]

Looks like a humongous US embassy in Pak, counting F-16s, de-linking "Azhar" to "Kashmir" (putting India in a precarious situation), wishing to bring IK to DC for a "reset", declaring no RAW agents inside Afganistan (green light to Pak to mop up anybody found) etc. are linked with Exxon Mobil's findings.....

 

[AZADPAKISTAN2009]

Russia / Pakistan already have a deal in place 10 billion for gas transfer line , possibly for Pakistan/China/India

Exon are also there to not miss out on chance to setup a terminal in a hot Gawadar zone and chance to export to Central Asia / China


Saudis are also there trying to own some real estate to setup a terminals again to export to Central Asian, Chinese markets, off of 10 Billion investment

In Pakistan there is room for many Multinational Companies so it is not a problem


We will know for sure what is happening once we know more if Exon were successful in their search etc


Pakistan could just be ok with following Solution

• Pakistan-Exoon, share in Gas/Oil discovery 75% / 25% as agreed before
• Saudi-Pakistan , partnership for LNG/Oil Terminal 10 Billion Investment in Pakistan
• Russian-Iranian gas , line can move thru Pakistan to India , and we collect Transit Fees
• Qatar can also get a LNG terminal of their own for 10 Billion Investment in Pakistan
• We could Let Exoon to also setup a terminal from some investment

This way different countries can invest in Pakistan and that is the true spirit of trade

 

[Mrc]

Kekra-1 is just one well.. Whole adjoining area needs to b drilled to get full potential.

Exxon currently only has bought 25% stake in indus G where kekra 1 is located..

They probably want rights to immediately next door blocks as well

Kekra-1 seems to b successful... Otherwise why would they bother... Announcement may take some time after completing the scientific tests to determine the exact size of the reserve

 

[Ahmad Bhutta]

Its 50% pak and 25% eni and 25% exxonmobil each

Russia / Pakistan already have a deal in place 10 billion for gas transfer line , possibly for Pakistan/China/India

Exon are also there to not miss out on chance to setup a terminal in a hot Gawadar zone and chance to export to Central Asia / China


Saudis are also there trying to own some real estate to setup a terminals again to export to Central Asian, Chinese markets, off of 10 Billion investment

In Pakistan there is room for many Multinational Companies so it is not a problem


We will know for sure what is happening once we know more if Exon were successful in their search etc


Pakistan could just be ok with following Solution

• Pakistan-Exoon, share in Gas/Oil discovery 75% / 25% as agreed before
• Saudi-Pakistan , partnership for LNG/Oil Terminal 10 Billion Investment in Pakistan
• Russian-Iranian gas , line can move thru Pakistan to India , and we collect Transit Fees
• Qatar can also get a LNG terminal of their own for 10 Billion Investment in Pakistan

This way different countries can invest in Pakistan and that is the true spirit of trade

 

[Maxpane]

why are not the announcing it if they find gas or oil?

 

[AZADPAKISTAN2009]

I see it seems to be a joint venture between

This operation is a joint venture between

• ENI Pakistan
• Exploration and Production Pakistan BV (EEPP)
• Pakistan oil and Gas Development Company (OGDC)
• Pakistan Petroleum Limited (PPL).

Each of the 4 companies have a 25% stake in Pakistan’s oil reserves at Kekra 1
https://www.valuewalk.com/2019/04/pakistan-oil-reserves/



US energy giant ExxonMobil has acquired 25% shareholding in offshore drilling in Pakistan.

Eni had 33% stake each in offshore drilling in the country

ENI Pakistan 25%, italian branch in Pakistan
ExxonMobil that will acquire 25%
Oil and Gas Development Company (OGDC) 25% Pakistani Multi National Company
Pakistan Petroleum Limited (PPL) 25% , Government of Pakistan

 

[Umar Nazir]

why are not the announcing it if they find gas or oil?

bec they trying to estimate exact amount of reserves, thats what Imran Khan said that 2 weeks required to know how much Gas available there

 

[Maxpane]

bec they trying to estimate exact amount of reserves, thats what Imran Khan said that 2 weeks required to know how much Gas available there

if they dnt know about exact amount then why they are here for terminals?

 

[Umar Nazir]

Russia / Pakistan already have a deal in place 10 billion for gas transfer line , possibly for Pakistan/China/India

Exon are also there to not miss out on chance to setup a terminal in a hot Gawadar zone and chance to export to Central Asia / China


Saudis are also there trying to own some real estate to setup a terminals again to export to Central Asian, Chinese markets, off of 10 Billion investment

In Pakistan there is room for many Multinational Companies so it is not a problem


We will know for sure what is happening once we know more if Exon were successful in their search etc


Pakistan could just be ok with following Solution

• Pakistan-Exoon, share in Gas/Oil discovery 75% / 25% as agreed before
• Saudi-Pakistan , partnership for LNG/Oil Terminal 10 Billion Investment in Pakistan
• Russian-Iranian gas , line can move thru Pakistan to India , and we collect Transit Fees
• Qatar can also get a LNG terminal of their own for 10 Billion Investment in Pakistan
• We could Let Exoon to also setup a terminal from some investment

This way different countries can invest in Pakistan and that is the true spirit of trade

its confirm that they found some thing thats why they want to explore more wells, But Pakistan need to play its cards sensibly, why giving all wells to one company and why allowing them to create monopoly

if they dnt know about exact amount then why they are here for terminals?

u have a point

 

[Maxpane]

its confirm that they found some thing thats why they want to explore more wells, But Pakistan need to play its cards sensibly, why giving all wells to one company and why allowing them to create monopoly


u have a point

thats what am asking sir

 

[Mrc]

if they dnt know about exact amount then why they are here for terminals?

Tests are two types... Based on geological studies and sonar and radar data... And physical confirmation by flow pressure etc... They have one... They are waiting for the second

First has told you already what to expect... But quality plus other variables are being assessed... In my guess