Oil, Gas and Refinery Projects update

[AsifIjaz]

No worries mate.
It takes a lions heart to admit an oversight or mistake specially when you know it will be jotted down and used as a refernce for years to follow.
You spent ur valuable time to search and then share information with us, so no harm done. Please kepe up the good work.
Have a good day bro

 

[ghazi52]

ExxonMobil discusses LNG needs, offshore drilling with Ali Zaidi

Apr 30, 2019

ISLAMABAD: A delegation of oil and gas giant ExxonMobil called on federal Minister for Maritime Affairs Ali Haider Zaidi in Islamabad on Tuesday, the ministry’s official Twitter account reported.

ExxonMobil chairman Alex Volkov, along with his team, held productive discussions with the minister relating to LNG requirements in Pakistan and the offshore drilling project off the coast of Karachi, the ministry wrote on Twitter.

Pakistan, with assistance of the US-based oil and gas exploration firm ExxonMobil and Eni Pakistan Limited, started offshore drilling in ultra-deep waters near Karachi coast earlier this year in an attempt to find huge oil and gas reserves estimated to be worth over $100 million.

 

[CrazyZ]

ExxonMobil discusses LNG needs, offshore drilling with Ali Zaidi

Apr 30, 2019

ISLAMABAD: A delegation of oil and gas giant ExxonMobil called on federal Minister for Maritime Affairs Ali Haider Zaidi in Islamabad on Tuesday, the ministry’s official Twitter account reported.

ExxonMobil chairman Alex Volkov, along with his team, held productive discussions with the minister relating to LNG requirements in Pakistan and the offshore drilling project off the coast of Karachi, the ministry wrote on Twitter.

Pakistan, with assistance of the US-based oil and gas exploration firm ExxonMobil and Eni Pakistan Limited, started offshore drilling in ultra-deep waters near Karachi coast earlier this year in an attempt to find huge oil and gas reserves estimated to be worth over $100 million.

Story has some inaccuracies, Alex Volkov is an Exxon VP. $100 million figure seems inaccurate. Do you think Exxon would send such a high level delegation for $100 million. Fingers crossed. Get them to help with shale hydro carbon extraction as well.

 

[ghazi52]

• Pakistan bullish on oil, gas discovery at Kekra-1

Led by US oil and gas company Exxon Mobil, a consortium consisting of Italian ENI, Oil and Gas Development Company and Pakistan Petroleum Limited is currently conducting offshore drilling at the block. The joint venture of Indus-G block spud an exploratory well – namely Kekra-1 – in ultra-deep water on 13 January, 2019. The well will be drilled up to the total depth of 5,660 meters in ultra deep waters, which is currently at 4,810 meters.

“Drilling has been entered in the phase where it will be easy to estimate that there is any oil or gas,” an official statement said.

Minister for Petroleum Omar Ayub Khan said the government would give all assistance to international investment. The government will defend free and safe investment in the country. The minister said employment would be generated after exploration.

Irtiza Syed, president of Exxon Mobil said the Exxon Mobil is interested in drilling of more offshore blocks and in LNG imports into the country. The company could also help in making of environmental friendly policy for offshore drilling.

The entry of Exxon Mobil in Pakistan is a positive signal for the exploration and production sector of the country. The petroleum division of ministry of energy has already drafted Pakistan Offshore (Exploration and Production) Rules 2019 and Model Production Sharing Agreement 2019, which will be submitted to the cabinet for approval. The government has already waived duties and taxes on import of drilling equipment to encourage indigenous exploration and production of energy resources as the country is confronted with widening gap in energy demand and supply.

The Oil and Gas Regulatory Authority (Ogra) said the gap between the supply and demand is expected to increase to the tune of 4,600 million metric cubic feet / day in FY 2022/23 and 6,700 mmcfd by the FY 2027/28. The country currently produces around 4,000 mmcfd of natural gas – accounting for 48 percent share in the primary energy mix – against demand of more than 6,000 mmcfd. The demand-supply gap of gas during FY2017/18 was 1,447 mmcfd. The gap is expected to rise to 3,720 mmcfd in the next fiscal year starting from July 2019.

“The possible gap would be bridged through enhancement in indigenous gas exploration and production through incentivising the sector, import of interstate natural gas – through development of cross-country gas pipelines – and increased import of liquefied natural gas,” the Ogra said in its latest state of petroleum industry report.

 

[ghazi52]

US energy giant ExxonMobil has expressed interest in drilling more offshore blocks in search for hydrocarbon reserves and is also looking to make investment in the liquefied natural gas (LNG) sector in Pakistan.

At present, ExxonMobil is drilling an offshore well namely Kekra-I as part of a joint venture with Italy’s Eni, Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL).

In a meeting with Federal Minister for Petroleum Division Omar Ayub Khan on Tuesday, a delegation of ExxonMobil said they were optimistic that energy resources would be discovered at Kekra-I. The delegation was headed by ExxonMobil LNG Market Development Chairman Alex Volkov.

ExxonMobil President Irtiza Syed briefed the minister and Special Assistant to Prime Minister on Petroleum Nadeem Babar about offshore drilling, saying Eni and ExxonMobil had started work on Kekra-I in January 2019.

He revealed that ExxonMobil was interested in drilling more offshore blocks and in LNG business. Apart from this, ExxonMobil could help Pakistan in framing an environment-friendly policy for offshore drilling.

The minister said Pakistan government would provide all assistance to international investors, adding that after completion of exploration work on Kekra-I, employment would be generated.

The joint venture is drilling Kekra-I well in ultra-deep waters in the Indus-G block. The well will be drilled up to the depth of 5,660 metres and the joint venture has so far reached the depth of 4,810 metres. The drilling has entered the phase where oil and gas deposits
can be estimated.
The entry of ExxonMobil into Pakistan is a positive signal for the exploration and production sector of the country. The Petroleum Division has drafted Pakistan Offshore (Exploration and Production) Rules 2019 and Model Production Sharing Agreement 2019, which will be sent to the cabinet for approval.

In a bid to woo foreign investors, the government has waived duties and taxes on the import of drilling equipment.

The ExxonMobil delegation also met President Arif Alvi at Aiwan-e-Sadr, who was briefed about the company’s ongoing and future investment projects in Pakistan.

The president appreciated ExxonMobil’s entry into the LNG business and encouraged the company to make further investment in the upstream petroleum sector by taking benefit of the liberal foreign investment policy of Pakistan.

The president also underlined the need for collaboration between foreign investors and local partners by forging joint ventures

 

[ghazi52]

Pakistan oil and gas discovery: PM Imran raises hopes with new statement

ISLAMABAD: Prime Minister Imran Khan has once again raised hopes that Pakistan can hit major oil and gas reserves in offshore drilling.

Speaking at the PTI's 23rd foundation day ceremony, the prime minister talked about the alleged corruption of the PPP and PML-N which he said has brought the country's economy to its current state.

While he vowed to correct the course, the premier said the PTI government would offer no NRO to the opposition parties.

During his speech, the prime minister said the country was blessed with everything that is considered vital to put any country on the path to prosperity.

Apart from sharing his future plan to uplift the economy, he said he was still hopeful that Pakistan would discover major gas reserves in offshore drilling being carried out in the Arabian Sea.

He said the nation could receive a good news within two weeks. The prime minister asked the nation to offer special prayers so that the expectations attached to the drilling project come true.

Imran Khan said, if found, the gas reserves would be enough to meet Pakistan's needs for the next 50 years.

 

[ghazi52]

Final phase of drilling at Kekra-1 continues

ISLAMABAD: At last the drilling at Kekra-1 well in G-bloc, Pakistan’s ultra-deep sea has begun after a long pause of over almost 23 days and entered the final phase by reaching the depth of 5,148 meters and will reach at the required depth of 5,460 meters within days, a senior official told The News.

The joint venture headed by ENI is operator comprising Exxon Mobile, OGDCL and PPL started the drilling on January 13, 2019 at the cost of sunk money of $75 million, which has increased to $90 million so far.

When the drilling reaches the depth of 5,460 meters, the official said, the operator will likely do wire line logging which could take another three or four days. This will likely be followed by another casing and cementing exercise that can take four to six days. At this stage a substantial amount of information regarding the well prospects will be known, however, the results (discovery or dry well) will require completion of proper testing.

Spokesman for the Petroleum Division Additional Secretary Sher Afgan confirmed that the drilling has entered the final phase and reached the depth of 5,148 meters and only 312 meter is left to be spudded as it has to reach almost 5,500 meters. He said after reaching the required depth the operator will get the specimen that will be sent to Italy for information if there is a reservoir of oil and gas in the well or not.

The last snag hit the drilling when the blowout preventer (BOP) that prevents from any blow out or any kick pressure that can result into eruption of fire, had gone out of order and its repair took some days and then its testing took the reasonable time. Before it, the drilling stopped on April 8 because of the cementation and casing continued owing to which the drilling could not start.

So far the drilling witnessed many upheavals starting from January 2019 up till now and it has got delayed by one month as it was earlier scheduled to get completed by April end which is now rescheduled up to the middle of May at the maximum.

The drilling was initiated with 19 percent probabilities, which, according to the experts, get reduced when side tracking starts taking place. In Kekra-1 well case, second side tracking was underway. Officials said when side tracking process is initiated, this means that first plan of drilling was not well worked out.

Earlier when at Kekra well vertical drilling reached at depth of 4,799 meters on February 21, a high pressure was felt causing huge mud loss and because of unsafe operation the well was plugged by March 23. Then the first side tracking started and when it reached down to 3,100 meters, it again met failure, which is why the hole was also blocked. After that the second side tracking began which is still underway and may reach at the required depth within days.

 

[ghazi52]

The new LNG supply agreements will help Pakistan save approximately $2.5bn in 10 years’

The government has convinced Qatar to supply 400 million cubic feet per day (MMBFD) of Liquefied Natural Gas (LNG) to Pakistan on low rates under fresh agreements, which would be signed in the near future

Sources in the Petroleum Division told Pakistan Today that the government has convinced the Qatari government to supply LNG at cheaper rates, as compared to the rates and terms and conditions of LNG deal signed by the Pakistan Muslim League-Nawaz (PML-N) government.

They said that both the sides have almost settled major terms and conditions of the new LNG supply agreements, adding that both countries would sign two agreements in this regard.
“One agreement will remain effective for 10 years while the second agreement will remain functional for 15 years. With the new LNG supply agreements, Pakistan’s national exchequer will save approximately $2.5 billion in 10 years,” said sources. “Qatar is likely to provide LNG to Pakistan at 11.5pc of crude oil price under the new ten-year agreement, while it may also provide LNG for 15 years to Pakistan at 11.25pc of crude oil price.”

Sources said that the government, by securing fresh LNG deal with Qatar, has achieved great success in controlling the country’s energy crisis.
They also informed that the team, which had held meetings with Qatari officials to secure fresh LNG deals, has informed Prime Minister Imran Khan that the federal cabinet should grant its necessary final approval only after reviewing the offers of other countries regarding the supply of LNG to Pakistan.

They said the problems for former finance minister Miftah Ismail and former PM Shahid Khaqqan Abbasi are likely to increase in the National Accountability Bureau (NAB), which is currently probing the previous LNG deals and has recommended the Interior Ministry to place seven names allegedly involved in the scam on exist control list after securing strong evidence against the accused.

It is pertinent to mention that the PML-N government had inked LNG supply deal with Qatar for 15 years at 13.37pc of crude oil price. Former petroleum minister Shahid Khaqqan Abbasi had managed to get the federal cabinet’s approval for LNG supply agreement with Qatar at 13.80pc of crude’s price.
According to the documents available with this scribe, Pakistan LNG Limited (PLL) has proved that Pakistan was receiving each LNG cargo from Qatar at an expensive rate, around Rs 200 million more than the rates of private commodity lenders.

 

[ghazi52]

Petroleum minister reviews pace of drilling activities

KARACHI: Minister for Petroleum Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar visited the offshore Indus G-Block Kekra-I to review pace of drilling activities on Friday.

According to Radio Pakistan, they appreciated the drilling pace which has entered its final phase.

The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which is being carried out at estimated exploration cost of 75 million dollars.

This newspaper on Monday reported that the drilling at Kekra-1 well in G-bloc, Pakistan’s ultra-deep sea has been resumed after a long pause of over almost 23 days and entered the final phase by reaching the depth of 5,148 meters and will reach at the required depth of 5,460 meters within days

 

[ghazi52]

Umer Ayub, Ali Zaidi & Nadeem Babar Visited Kekra-1 site

At the Kekra 1 site. Aboard the Saipem 2000 Oil Rig Ship. Operated by Eni and Exxon.

Before Eid ,the news of the offshore drilling results will reach the public

 

[ghazi52]

ExxonMobil keen to drill more offshore wells

US energy giant ExxonMobil has expressed interest in drilling more offshore blocks in search for hydrocarbon reserves and is also looking to make investment in the liquefied natural gas (LNG) sector in Pakistan.

At present, ExxonMobil is drilling an offshore well namely Kekra-I as part of a joint venture with Italy’s Eni, Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL).

In a meeting with Federal Minister for Petroleum Division Omar Ayub Khan on Tuesday, a delegation of ExxonMobil said they were optimistic that energy resources would be discovered at Kekra-I. The delegation was headed by ExxonMobil LNG Market Development Chairman Alex Volkov.

 

[ghazi52]

Pakistan’s new oil tanker arrives at Karachi port

KARACHI: MT Khairpur, the new oil tanker acquired by Pakistan National Shipping Company (PNSC), has reached Karachi port, bringing the number of oil cargo vessels in the company's fleet to six, a statement said on Saturday.

The PNSC said the South-Korean-made ship, known as a clean product tanker, having a capacity of 75,000 DWT (LR-1 category), was built in 2012, then reconditioned and upgraded in accordance with the requirements of the national shipping company.

Speaking after the inspection of the vessel, Federal Minister for Maritime Affairs Ali Zaidi said another oil tanker had been added into PNSC’s fleet and it would provide relief in the freight Pakistan had to pay for oil imports.

Zaidi said exploration and drilling activities in the sea were on and a depth of 5392 meters had already been reached. “Confirmed details regarding oil and gas reserves would be received within two weeks,” the minister added.

The minister said Pakistan had to repay $9.09 billion this year, while a sum of $27 billion had to be repaid in next two years. “PTI (Pakistan Tehreek-e-Insaf) government only approached (IMF) International Monetary Fund so that loans taken by previous governments could be repaid,” Zaidi said.

He further said the government could not provide relief in the rates of electricity and gas, as this would compel the government to take more loans. Talking about the circular debt, the minister said the issue would be resolved by 2022.

 

[AsifIjaz]

Good going, a few more LR1 or LR2 tankers and we can save alotttt of cash. PNSC is on the rt path. alhamdullilah

 

[ghazi52]

Kekra-1 well in deep sea: 150 metres more drilling required to find reservoir

ISLAMABAD: After reaching the required depth of 5,474 metres in deep sea at Kekra-1 in G-bloc, ENI, the operator, still needs to go 150 metres more deeper and it will take two days more. After that there will be testing process to know what the reservoir factually has, either gas or oil or both and at what quantum. It will take at least one week more, Special Assistant to Prime Minister on Petroleum Nadeem Babar told The News.

After going down 150 metres more, the Drill Stem Test (DST) is to start that will provide the information or data telling what exactly lies in the reservoir. The DST by definition is a temporary completion of a well bore that provides information on whether or not to complete the well. The zone in question is sealed off from the rest of the well bore by packers and the formations’ pressure and fluids are measured.

However, the other senior official told that there are positive indications of gas shows,but more drilling is required for more tests that include DST. The official said DST is part of drilling too. “The joint venture headed by ENI is operator comprising Exxon Mobile, OGDCL and PPL started the drilling on January 13, 2019 at the cost of sunk money of $75 million which has increased to over $100 million so far.”

To a question, the official said that at this stage a substantial amount of information regarding the well prospects will be known, however, the results (discovery or dry well) will require completion of proper testing.

The last snag hit the drilling when the blowout preventer (BOP) that prevents from any blowout or any kick pressure that can result into eruption of fire, had gone out of order and its repair took some days and then its testing took reasonable time.

Before it, the drilling stopped on April 8 because of the cementation and casing continued owing to which the drilling could not start. To a question, blowout preventer is now 100 percent fit for performing and to this effect one week testation remained underway.

So far the drilling witnessed many upheavals starting from January 2019 up till now and it has got delayed by one month as it was earlier scheduled to get completed by April end which is now rescheduled up to the third week of May at the maximum.

The drilling was initiated with 19 percent probabilities which, according to experts, get reduced when side tracking starts taking place. Earlier, when at Kekra well, vertical drilling reached at depth of 4,799 meters on February 21, high pressure was felt causing huge mud loss and because of unsafe operation the well was plugged by March 23. Then the first side tracking started and when it reached down to 3,100 meters, it again met failure, which is why the hole was also blocked. After that, the second side tracking began and the drilling reached at the required depth.

 

[Mega_Man]

Inna lillah...
https://timesofislamabad.com/18-May...the-results-are-shocking-for-pakistan-sources
Another test for Pakistanis.
InshAllah we will find another way to fix our economy.