ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was done through a joint venture (JV) of four companies.
Sources in the Petroleum Division informed Pakistan Today that the JV completed the offshore drilling on Kekra-1 well some 280 kilometres away from Karachi. The planned depth of 5,470 metres was achieved at a cost of Rs14 billion while the drill stem test (DST) was being conducted to determine the actual reserves of oil and gas, they added.
“DST would be completed in the next three days and a report regarding the total quantity of oil and gas reserves would be prepared within a week,” sources informed.
They said the availability of around nine trillion cubic feet of gas with a large quantity of oil was initially estimated in the Kekra-1 well.
A group of multinational companies, including ENI, Exxon Mobil, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), in a joint venture, had started offshore drilling on 11th January 2019. The drilling was expected to be completed in March 2019 as per initial estimation. ENI ensured the completion of offshore drilling despite critical situations faced during the drilling process.
Sources informed this scribe that due to the critical situations faced in the Kekra-1 well, the drilling team had to spend an additional $100 million in order to procure surplus steel and cement etc., as it had to drill the Kekra-1 well in another direction.
“This was a challenging task because the time to complete the drilling process was very limited, as the sea waves usually become unfriendly by the end of May,” sources said. “The stability of a drilling ship by the end of May would have been next to impossible.”
Sources said that the determination of the actual quantity of the total reserves would be made during the next ten days. “After getting samples from the said offshore site, the process of testing and analyzing would be commenced.”
A senior official at the Petroleum Division said that necessary infrastructure in the sea would be deployed for oil and gas exploration if the price of total reservoir quantity was more than $10 billion. If the reservoir quantity was in line with the estimates, Pakistan’s import bill could be decreased by $6 billion annually, the official added.
It is pertinent to mention that the Federal Board of Revenue (FBR) has so far not granted clearance to the drilling ships, helicopters and other necessary equipment of ENI. The customs authorities have advised ENI to deposit around Rs1.6 billion as customs duty. However, the federal cabinet was likely to grant customs duty exemption to ENI and other exploration and production companies who would work on offshore sites in the future.
Kindly get the news reviewed by subject expert as the total depth (TD) is in meters instead of kilometres.
But where TD is written in kms? The drilling site is 280 kms away from Karachi. Planned depth is already in meters.
Isn’t the price of total reservoirs estimated at $10 too low and how would it reduce the import bill by $6 annually. It means that the value of total reservoirs is merely equal to just one and half years import bill of Pakistan. Quite confusing!
He said that if the minimum worth of reserves is $10 billion, then production plants will be installed. Otherwise drilling won’t be useful.
Yes, quite right! This is a very valid query.
Kindly give the name of the ships thats working on there thnkx
Titanic
lol
USS ABRAHAM LINCOLN
The drill ship is ‘Saipem 12000’
@Syed TD is achieved while DST is yet to.be determined according to news
Poor reporting, better give the story to an expert before it is allowed to be printed.
100% agreed, the title doesn’t support the article, no statistics, no govt response, no future prospects, No nothing, this article is disgrace. 🙁
@ Saqib Najam ship.at drilling site name as’ SAIPEM’ i think.so
May Allah make it reason of raising Pakistan economy
🍀 *آمین یارب العالمین۔* 🍀
Looks doubtful. People are crazy upon producing as many fitnah (human) as they can so how could the economy be better.
Lord Almighty warned us all in words ” Wealth and children are fitnah (trouble). Lord further said “Woe unto those who seek increment in wealth and children”
Allah bless Pakistan with many many more natural resources aameen Suma aameen
*آمین یارب العالمین۔*
السلام علیکم اللہ کرے یہ میرے ملک کی گرتی ہوئی معیشت کو اچھا کرنے کا سبب بنے آمین
🍀 *آمین یارب العالمین۔* 🍀
We await estimates announced by PM on this precious gift fm Almighty, الحمدللہ
of 5,470 kilometres was achieved at a cost of Rs14 billion
May be instead of metera he wrote killometers because this is unbelievable depth center of earth is 6400km baby
Pray for betterment.
Abay chutiyun 5,670 meters not kilometres, and this is not the first time you guy made such a horrible mistake
Khair hay.. Go slow.. Ramzan hay..
May Allah(SWT.)help Pakistan in bosting the Economy of her Motherland.
Pakistan Zindaabad. And sincere positive thinking people Paindaabad.
Parmoon Shuja. (Australia )
Ak,
اچھی خبر جھوٹی بھی ہو تو اُس کی کامیابی کے لۓ دعا کرنی چاہئے،
اللہ سے بڑا کوئی کارساز نہیں!
اِس طرح کی زبان استعمال کرنے سے اپنی زہانت ظاہر نہیں ہوتی بلکہ تربیت کا پتہ چلتا ہے۔ اسلئے احتیاط کرنی چاہئے
Ak,
اچھی خبر جھوٹی بھی ہو تو اُس کی کامیابی کے لۓ دعا کرنی چاہئے،
اللہ سے بڑا کوئی کارساز نہیں!
اِس طرح کی زبان استعمال کرنے سے اپنی زہانت ظاہر نہیں ہوتی بلکہ تربیت کا پتہ چلتا ہے۔ اسلئے احتیاط کرنی چاہئے
You say the truth.
We being Sindhi of Pakistan are praying that Kekra well may bring strong reservoir of oil and gas which vll in turn help our poor economy to settle on chaming growth rate and help stabilization In oil and gas prices.. Pakistan is blessed with blessings of Almighty Allah and this one vll be one huge …Insha Allah
Get out of Sindh province think as Pakistani please
Don’t agree. We are Sindhi before Pakistan came into existence. Why do you think if we are sindhi can’t be Pakistani. There are many nations living in Pakistan and I don’t see any issue calling my self Proud Sindhi and Proud Pakistani.
So you are more sindhi than being Pakistani.. this analogy is flawed… so being Hindu for centuries is more valued than being a Muslim for a day..
Bhai Mazi Ki corruptions batati Hain k …
Aj khushyan de nal menu pay gaye ne haal!…Nara of all corrupt pplz when listen the oil and gas discovery news..so cool and keep working hard…
Good news although with typo errors.
MashaAllah
Great news. Sukar Alhumdulillah.
We saw gold reservoir in chanioit the biggest one, we having biggest coal resources in thar mithi, may allah keep Pakistan flag up. Let see what to mature first. Till todate all are news nothing contributory.
Get out of Sindh province think as Pakistani please
I hope so this worked give us big good news inshaAllah
And hope so Pakistan will rise up in world as strong economical country .
🍀 *آمین یارب العالمین۔* 🍀
Masha Allah true line be adopted any wrong hope gives bad lashback
The core of Earth is around 6371 kg considering the hole near Karachi 5470 km as per this reporter it will be the. Deepest hole in the world which most certainly will have lava come out of it or what ever shit inside their. No wonder we get fucked by everyone !
It’s just a typo. Rather than overreacting, give the author a break, please.
Allah pak apne chope howe khazano se pak ko faizyab kre.ameen
Aameen
It’s just a typo. Rather than overreacting, give the author a break, please.
What happened to the gold discovered in Riqo Diq? This will be met with same fate.
Reserves discovered may give a helping hand to Pakistan in short term basis but structural reforms need to be implemented because we can’t get lucky all the time, if at all.
@Syed Raza Zaidi yes, drilling in Kekra-1 is done 5470 meter. Kilometer is typing error I think so
Yes, Drilling of 5470meter is done in Indus-G Block. Plz
Holy Month Ramadan always brought great news for us
Pakistan came into being 27th of Ramadan
Won cricket world cup in Ramadan
Insha Allah kekra-1 good news will also come in Ramadan
All important Almighty stand with us this enough.
Let these process continued on in an estimated time. This is good trend.
الله تبارک تعالیٰ ھم سب پر رحم فرمائے.
اور اس ملک کی حفاظت کرے ظالموں کے شر سے محفوظ رکھے.امین.
میری ٹی وی چینل والوں سے گذارش ھے الله پاک کا واسطہ یے ٹی وی ٹاک شو بند کر دین لوگوں میں نفرتیں اور ایک دوسرے کے حلقوں میں شدت پیدا کرنے کا سبب بن رھے ھین الله پا ک کے واسطے انسانیت کی بقا کیلئے کچھ کریں لوگ اپ کے پروگرام دیکھ دیکھ کر عدم برداشت کا شکار هو رھے ھین
الله کے واسطے اس قوم پر رحم کریں الله پاک سپ کو ھدایت دین اور سب پر رحم کریں ذپاده ان پر جو پروگرام کی گریڈنگ کے لا لچ میں قوم کو degrade کرنے پے تلے ھوے ھین. الله پاک ان پر اور ھم سب پر اس ملک په رحم فرما امین .یا رب العا لمین.
Our Pakland Is Our Life Line
Our Homeland Is Our Hope.
Plz Pray All Of You
For The Betterment &
Countless Achievements
Pakistan Zinda O Paienda Baad
I hope this turns out to be a successful exploration. Pakistan needs a good luck for sure.
Wait n see
Allah pak sy insan jo umeed rakhta hy Allah pak usko wohi atta kerta hy.
Lihaza be positive…
InshaAllah good news Argo…
Respective companies makes efforts at their best in vety hard sea condition.We sincerely hopes Allah taala gives his blessings. Requisite to all pakistani to pray in this holy month for sure success.
But all the high hopes went downhill. But the fact is that our country is blessed with huge natural resources but all the rulers remained busy in looting and plundering so did nothing for the betterment of this country.