World's largest oil and gas company to start 1900 meter deep offshore drilling project in Pakistan

[Syed1.]

IK said in address to Lahore Chamber of Commerce yesterday that Exxon thinks the gas is sufficient for 50 years, it is a massive well but we will only know if that is the reality in 2019.

 

[ziaulislam]

IK said in address to Lahore Chamber of Commerce yesterday that Exxon thinks the gas is sufficient for 50 years, it is a massive well but we will only know if that is the reality in 2019.

Without drilling nothing can be said

 

[Syed1.]

Without drilling nothing can be said

Exactly... that is why we will only know for sure when Exxon gets to work.

 

[ziaulislam]

Not true. Shale is available offshore as well. It isn't pursued due to high costs versus the abundant onshore unconventionals. Shale is often the source rocknor the cap rock versus the reservoir rock in conversation oil and gas pools.

Why would such a big company drill for shale offshore if its not viable?

 

[Clutch]

Why would such a big company drill for shale offshore if its not viable?

It is not drilling for shale. That is the whole point. It is drilling for a conventional oil and gas reservoir.

 

[JohnWick]

It is not drilling for shale. That is the whole point. It is drilling for a conventional oil and gas reservoir.

You are right

 

[Zee-shaun]

Lets just welcome the news and wait for positive results mext year.

 

[ghazi52]

Offshore Drilling has started in Pakistan,

 

[ghazi52]

 

[monitor]

How it's huge? Total potential is only 1.3 billion barrel.

 

[razgriz19]

Exxon will make Pakistan prosperous. I work for Imperial, owned by ExxonMobil, they're the best employer one can ask for. Thousands of jobs in support of the project will be created

 

[ziaulislam]

How it's huge? Total potential is only 1.3 billion barrel.

its says 500+...don't forget the plus sign
Final say whether its zero or 500 or 50000 will depend upon drilling

 

[Beast]

ExxonMobil is not the world larget oil and gas company.

https://www.worldatlas.com/articles/biggest-oil-companies-in-the-world.html

The title is wrong. In fact, it rank world number 4th.

 

[Nilgiri]

ExxonMobil is not the world larget oil and gas company.

https://www.worldatlas.com/articles/biggest-oil-companies-in-the-world.html

The title is wrong. In fact, it rank world number 4th.

They are likely going by market cap rather than revenue.

 

[Beast]

They are likely going by market cap rather than revenue.

Even market cap, it is no where world largest. Its title of world largest are likely based on statistic of 2016 or 2017.