‘Kekra in Pakistani waters among world’s three highly prospective wells’

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  • Rystad Energy says Kekra well in Pakistani waters has pre-drill prospective resource estimates of 1.5bn barrels of oil or equivalent

The Eni’s Kekra well for oil and gas reserves in Pakistani waters is among three highly prospective wells in the world, international energy research agency Rystad Energy said in its report.

According to a private media outlet, Rystad Energy, in its report on the prospective new discoveries of energy resources, said that the Kekra well in Pakistani waters has pre-drill prospective resource estimates of 1.5 billion barrels of oil or equivalent.

Other two prospective energy reserves reported by Rystad are the Shell-operated Peroba well off Brazil with pre-drill prospective resource estimates of 5.3 billion barrels of oil or equivalent and the Total-operated Etzil well off Mexico with pre-drill prospective resource estimates of 2.7 billion barrels of oil or equivalent.

“If these wells prove successful, 2019’s interim discovered resources will be the largest since the downturn in 2014,” an expert said.

In the statement, Rystad said the push for substantial new discoveries in the energy sector shows no signs of slowing down, with another 35 “high impact” exploration wells expected to be drilled this year, both onshore and offshore.

Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil or equivalent. Most of the gains were recorded in February, posting 2.2bbo of discovered resources.

Majors are leading the charge in exploration, reporting more than 2.4bbo of oil equivalent of discovered resources. The six largest discoveries by the majors each exceed 150mmbbl of oil or equivalent, and the top three could even hold more than 300mmbbl of oil or equivalent apiece.

ExxonMobil was the most successful, with three significant offshore discoveries accounting for a whopping 38 per cent of total discovered volumes. European majors Total and Eni are also in the fold with successful offshore wells in South Africa, the UK, Angola and Egypt.

Meanwhile, Repsol’s operated Kali Berau Dalam gas find in Indonesia takes the prize for the largest onshore discovery of the quarter.

5 COMMENTS

  1. We should’ve almost have had an update by now, although I read that they’d recently drilled down 3500 ft of the total 5500 ft they planned to, to try to find oil.

    And of course, there are no guarantees that any oil found will be commercially viable.

    Still… Would like more regular updates on progress and what has been learned so far.

  2. peple of pakistan were told that april 10 2019 there will be a report from exxon mobil . where is it . they are playing games …xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

  3. Not that big reservoir “1.5 B BBL” it may not even serve the upcoming 250 K BBL Gowder refinery 15 years , whereas normal process plant is designed for 25 years.
    More wells to be explored, Hoping for KARM ALLAH

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