Bad News : No offshore reserves found in Pakistan from Kekra-1

[FahadBhatti]

The spirit should be that this govt needs support from all in its good endeavors.
What if that discovery did not mature pakistan will increase its exports and reduce its fiscal deficit and would overcome the present financial hardships and would sail through safely despite USA and western world's ill intentions.

Due to pakistans strategic geographical position the discovery of petroleum would have been game changer for pakistan , pakistan could have been a major oil supplying country in the next 15 years but sadly it did not happen.

 

[back to the future]

Due to pakistans strategic geographical position the discovery of petroleum would have been game changer for pakistan , pakistan could have been a major oil supplying country in the next 15 years but sadly it did not happen.

what can be said it was not to be
China Japan and Korea do not have have oil reserves. but still doing well

 

[farooqak]

Khoda pahaar nikla chuwa

 

[FahadBhatti]

what can be said it was not to be
China Japan and Korea do not have have oil reserves. but still doing well

they , as a nation , are very well disciplined and hardworking. We guys love to break laws and love to take short cuts , there are no real short cuts in real life. We lag so much behind in every aspect of life from these countries that it will take ages to catch up , it is a long painful process to get out of the hole we have dug up for ourselves then stand up and try to catch up to the flight of the rest of the world. We want to reach the destination but are not ready to walk the painful path.

 

[!n5aNiTy]

Hahahaha... what a joke, aur hamaree PM sahab aur un ke ministers subha sham tv per beth ker lambe lambee chortee thee... khotee ke bachnoo time se pehlee mat phata keroo...

 

[bhaibarood]

Khoda pahaar nikla chuwa

Khooda samandar
nikla Vowda

 

[back to the future]

they , as a nation , are very well disciplined and hardworking. We guys love to break laws and love to take short cuts , there are no real short cuts in real life. We lag so much behind in every aspect of life from these countries that it will take ages to catch up , it is a long painful process to get out of the hole we have dug up for ourselves then stand up and try to catch up to the flight of the rest of the world. We want to reach the destination but are not ready to walk the painful path.

Yes well our nation is trained as such for the last 70 years it w

 

[FahadBhatti]

by the way its only one well that failed , there are three more sites. Lets pray that we find something.

 

[Islamabadiya]

the whole nation is sad and a bit down, it was extremely stupid and amateurish of Imran to raise the hope of the nation by revealing the possibilities at a very early stage,

Icing on the cake are the PITHOOS both in govt and here

 

[Aslan]

100 Million dollars wasted on a new Bongi . Allah reham karay her shakh per Illu Baitha Hai, Anjam E Gulistan Kya Hoga .

It is obvious that you have no clue about oil exploration.Oil companies carry out a lot of studies eg seismic and geological mapping before they decide to drill.No one wants to waste money.Oil exploration is a risky business.Every well drilled doesn't show presence of oil.If that was the case then it would be very easy to find oil.

 

[babulal]

by the way its only one well that failed , there are three more sites. Lets pray that we find something.

Good idea

 

[Aslan]

I wrote many posts cautioning people not to start celebrating before the results of drilling data were complete.In future no statements should be made by the media and government before the results are known.I don't know the exact figure but only one in ten wells drilled is successful.The figure varies from country to country.We get to move on and look for oil elsewhere.There are lots of areas in Pakistan which have not been explored yet.

 

[Respect]

how do we know the comapnies are telling truth, all it takes is one phone call and correct me if i am wrong US company is in charge......

who gave IK this information in first place there is oil??????????

look people all system mahinery is against IK, we are dealing with the powerful forces of world within and outside.

If i were IK i would bring in Russian oil comapany to verify asap.......

 

[Respect]

I wrote many posts cautioning people not to start celebrating before the results of drilling data were complete.In future no statements should be made by the media and government before the results are known.I don't know the exact figure but only one in ten wells drilled is successful.The figure varies from country to country.We get to move on and look for oil elsewhere.There are lots of areas in Pakistan which have not been explored yet.

can the expolrers be trusted, where did IK get this information in first place there is oil, who gave it to him. can this company exon stand up to the power of zionist lobby?

 

[Aslan]

can the expolrers be trusted, where did IK get this information in first place there is oil, who gave it to him.

I don't know where he got his information.The oil companies may have told him that probability of find oil was very high and he mistook this as certainty.A high probability is not the same as certainty.

 

[Nikita Chaudhry]

ISLAMABAD: Hours after Prime Minister Imran Khan told the nation to expect good news regarding the discovery of oil and gas reserves off Karachi coast, his special assistant on petroleum Nadeem Babar announced that offshore drilling in Kekra-I well has been stopped owing to no oil reserves.

Amid much hype, Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea.

The prime minister, on numerous occasions, said he was still hopeful that Pakistan would discover major gas reserves in offshore drilling being carried out in the Arabian Sea.

He said the nation could receive good news within two weeks. The prime minister asked the nation to offer special prayers so that the expectations attached to the drilling project come true. Imran Khan said, if found, the gas reserves would be enough to meet Pakistan’s needs for the next 50 years.

According to former CEO of Oil and Gas Development Authority (OGDCL) Pervaiz Akmal, this would be some 14/15th off-shore oil and gas exploration well that turns out dry, after familiar wishful speculations by people at the helm of affairs.

“It’s so sad that we still continue leaping into these multi-million dollar exercises, almost blindfolded, often to facilitate lucrative businesses for multi-national and local private companies, with deep-rooted vested interests at home and abroad,” he said.

In a comment on the involvement of Exxon and other companies, he said the “idling Italian deep sea drilling rig got a lucrative business, and both ENI and Exxon would go home laughing is no secret”.

“It’s OGDCL & PPL [Pakistan Petroleum Limited] which have paid through their nose.

He said the energy blues of Pakistan would continue, both on and offshore, unless it corrects the direction and intent with utmost sincerity.

Kekra exploration, a joint venture of four oil exploration companies completed the offshore drilling process after four months on May 15.

A consortium comprising Exxon Mobil, ENI, Oil and Gas Development Company, and Pakistan Petroleum Limited conducted the drill stem test to determine the real size of the oil and gas reserves in the Kekra-1 well, located around 280 kilometres away from Karachi.

The planned drilling of 5,470 meters was achieved at a cost of Rs14 billion.

The Drill Stem Test (DST) would be completed in the next three days. After the completion of the DST, a report will be prepared about the total quantity of the oil and gas reserves within a week, sources further said.

In initial estimates, the availability of around nine trillion cubic feet of gas with a large quantity of oil was assessed in the Kekra-1 well.

Due to the critical situations faced in the Kekra-1 well drilling, the exploration venture had to spend an additional $100 million in order to procure surplus steel and cement etc to drill the Kekra-1 well in another direction.

No oil, gas reserves found in Pakistani waters

 

[3rd_Umpire]

پٹواریوں کا باپ المعروف امرتسری بھڑوے کا نواسہ
چینیوٹ میں اپنی گانڈ میں وڑنے کے لئے سونا کا موگا ڈھؤنڈنے نکلے تھے

مقامی لوگوں نے بڑی مشکل سے کسی مقامی لوھار سے لوھے کا موگا بنا کر ھاتھ میں تھما دیا
جس پر درباریوں سے مشاورت ہو رہی ہے، اور
سائز کے چھوٹے ھونے پر پریشانی چہرے پر عیاں ھے

 

[Zaidi Qasim]

It is obvious that you have no clue about oil exploration.Oil companies carry out a lot of studies eg seismic and geological mapping before they decide to drill.No one wants to waste money.Oil exploration is a risky business.Every well drilled doesn't show presence of oil.If that was the case then it would be very easy to find oil.

Yes, if the wishes were horses , the beggars would ride. I am asking was there a need to start beating the drums and propping up the chest before finding out if it is true. Half of the cost of exploration was paid by the Government.

 

[jani1]

. Allah reham karay

یہ رقم کون ادا کرے گا۔۔؟

 

[jani1]

lol, it cost 100 mil usd for this one

who gona pay the cost..do u kno tht..?