Muhammad Anas

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Muhammad Anas

KARACHI: 

Pakistan, after a gap of nine years, begins offshore drilling to find estimated huge oil and gas deposits in ultra-deep waters at an estimated cost of over $100 million.

“The boring is booked to initiate today around evening time (Friday),”

The US firm ExxonMobil, one of the world’s biggest oil and gas firms, in a joint effort with Italian firm Eni Pakistan Limited, is penetrating in ultra-profound waters somewhere in the range of 280 kilometers from Karachi coast.

“Eni Pakistan has assessed nine trillion cubic feet gas stores,” the authority stated, including “ExxonMobil expects oil stores there.”

They are boring Kekra-1 well in Indus-G square, which is found somewhere in the range of 280 kilometers from the Karachi coast.

Gas reserves: Vessels arrive for offshore drilling in Pakistan

They would penetrate around 5,800 meters deep from the ocean level and are focusing to finish the spud in the following 60 days.

For this reason, ExxonMobil has brought one noteworthy boring boat, three supply vessels, and two helicopters on the site.

Eni Pakistan is the administrator of the square, while, Exploration and Production Pakistan BV (EEPP) is penetrating the well. In addition, Pakistan state-possessed Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) are a piece of the joint endeavor. Every one of the four firms has a 25% partaking enthusiasm for the square.

The well is being penetrated practically following a hole of nine years, as the last exploratory well in the seaward zone was bored in January 2010. This is the eighteenth endeavor to discover hydrocarbons from profound waters in Pakistan.

“Prior, Pakistan has bored multiple times in remote ocean. The wells were either discovered dry or not economically feasible to be worked,” the authority said.

A portion of the surveyors discovers the square ‘Indus-G’ like Indian seaward Bombay High oilfields, which produces 350,000 barrels for each day (bpd) of raw petroleum, while some characterize it like wells creating hydrocarbons in the oil and gas-rich nation, Kuwait in the Gulf.

Exxon Mobil Corporation, through ExxonMobil Exploration and Production Pakistan BV (EEPP), had gained 25% taking an interest enthusiasm for May 2018 in Offshore Indus-G Block.

Pakistan meets around 15-20% of its vitality needs through nearby oil and gas investigation and creation, while the rest is met through costly imports.

The oil and gas imports cost Pakistan around one-fourth of the complete import charges every year. The nation has developed as one of the biggest gas (melted petroleum gas) shippers over the most recent few years at the world dimension.

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