Friday, January 28, 2022

18 wells drilled in Pakistan’s offshore area but no discovery of gas and oil, Senate told - DND

Last updated Friday, January 14, 2022 01:40 ET , Source: TopWireNews

ISLAMABAD, Pakistan: The Senate was told that 18 wells have been drilled so far in Pakistan’s offshore area; however, no oil and gas reserves have been discovered till to date.
In a written reply to a question by Senator Zeeshan Khanzada, the Federal Minister for Energy Hammad Azhar told the House on Friday that Pakistan’s offshore is still under exploration by local companies and there are two active exploration licences; however, there is no firm commitment of drilling of exploration well during the Calendar Year 2021-22.
The minister told that the government of Pakistan has engaged previously a number of international companies for deep-sea exploration of oil and gas in Pakistan.
As a result of holistic efforts, the following exploration and Production Companies have started exploratory activities in Pakistan’s offshore oil and gas sector:-
ENI Pakistan Limited
BP Pakistan Exploration & Production
Total Exploration & Production
Petronas Carigali (Pakistan) Limited
Petrobars Oil & Gas Pakistan BV
Shell Development & Offshore Pakistan BV
Petro Canada
British Gas Exploration & Production Limited
Husky Oil (Pakistan) Inc.
Marathon Petroleum
Wintershall Holding GmbH
Premier Oil Pakistan Offshore BV
Niko Resources
Exxonmobile Exploration & Production Pakistan BV
The House was apprised that the deep-sea oil and gas exploration requires extensive high-tech capabilities and entails huge financial resources while the initial exploratory efforts resulted in...

Read Full Story: https://dnd.com.pk/18-wells-drilled-in-pakistans-offshore-area-but-no-discovery-of-gas-and-oil-senate-told/261994

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