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This is an exploration contract no extraction there will be bidding for extraction contract.Do you have any details of the contract? Who will extract the oil etc.? It would be very good to know what the terms and conditions are to Exxon's contract. This has been going on very secretively. Suddenly we are reading and hearing about this discovery out of the blue.
ICBM ka order dedo warna tmhri dastaan b hogi Iraq libya ki dastano mn
Source. Do we have primary source please? So far it is all "they said, he said, she said, I said".I think since May 29 exxon started, dug 80 holes and had 40% success rate of discovering oil or gas.
It was always sindh read mine and @HRK discussion in the previous thread Exxon has contract to search in sindh not near Iran border.
Source. Do we have primary source please? So far it is all "they said, he said, she said, I said".
Yes but all that tells us is Exxon is 25% co-owner in exploration rights in block G indus. Nothing there tells us that they have discovered huge reserves. Having exploration rights and discovering oil are not exactly the same thing. You may or you may not find any oil. Where is the primary source that tells us Exxon have hit massive oil reserves other than Abdullah Haroon's comment.Here is the source:
http://www.ghpl.com.pk/news/ExxonMobil
Government Holdings (Private) Limited (GHPL) is the 5th largest oil and gas exploration and production Company of Pakistan. GHPL is a holding Company fully owned by the Government of Pakistan with investments in exploration and production sector. It was incorporated in the year 2000 as a private limited company under the Companies Ordinance, 1984 (current Companies Act 2017). It is the third public sector Oil and Gas Exploration Company working under the Petroleum Division of Ministry of Energy, Pakistan.
The company was created with an aim to separate the commercial and a regulatory function performed by the Ministry of Energy, (Petroleum Division). It is currently operating as a non-operator partner for onshore petroleum E & P joint ventures and licensee of Government of Pakistan for offshore petroleum exploration. It has a paid up capital of Rs. 20.25 billion with an Authorized Capital up to Rs. 45 Billion. It also owns Inter State Gas Systems (Private) Limited, Pakistan LNG Limited and Pakistan LNG Terminals Limited as subsidiaries.
The vision of GHPL is to increase share value by dominating the market through quality capital planning and asset management. For this GHPL employs cutting edge technology and topnotch services that make things work for Government.
As a non-operating partner with local and foreign oil and gas exploration and production companies GHPL is in partnership with UEPL, OPPL, Eni, OMV, MOL, OGDCL, PPL, POL and PEL etc.
The company monitors and manages working interest in onshore and offshore blocks effectively and efficiently without compromising quality. We believe in teamwork, ethics, organizational learning & development for ensuring the best of E&P services.
Means you can now get ready to buy four fancy villas in France, Italy, Dubai and Pakistan. Have four wives. And keep a harem of Ukranian hookers in your private Yacht. And maybe you might even get to sniff your nose at Arabs and call them 'miskeen'.Have they struck oil yet? What does almost mean?
Yes but all that tells us is Exxon is 25% co-owner in exploration rights in block G indus. Nothing there tells us that they have discovered huge reserves. Having exploration rights and discovering oil are not exactly the same thing. You may or you may not find any oil. Where is the primary source that tells us Exxon have hit massive oil reserves other than Abdullah Haroon's comment.
https://profit.pakistantoday.com.pk...ies-to-drill-90-wells-in-current-fiscal-year/Source. Do we have primary source please? So far it is all "they said, he said, she said, I said".
This is an exploration contract no extraction there will be bidding for extraction contract.
Bro The previous thread of the news where it said iran border.Which thread is that?