Pakistan's vast Shale Oil & Gas Reserves | Updates & Discussions

[Argus Panoptes]

Shale gas reservoirs much higher than estimates: US EIA study

July 27, 2013 ABDUL RASHEED AZAD
The US Energy Information Administration (EIA) has estimated shale gas at 586 trillion cubic feet (Tcf) against its 2011 estimates of 52 Tcf for Pakistan. According to latest EIA study, the shale gas/oil reservoirs are much higher in Pakistan relative to what was estimated in the earlier studies/reports. The study estimates a total of 1,170 Tcf of risked shale gas in-place for India/Pakistan, 584 Tcf in India and 586 Tcf in Pakistan. ...........


Shale gas reservoirs much higher than estimates: US EIA study | Business Recorder

The full EIA Report also lists the REQUIREMENTS to exploit these shale gas reserves, and we have NONE of those available. None. Nothing.

So what good does that resource do for us if it stays buried underground?

 

[RiazHaq]

The full EIA Report also lists the REQUIREMENTS to exploit these shale gas reserves, and we have NONE of those available. None. Nothing.

So what good does that resource do for us if it stays buried underground?

Nonsense!!!

Pakistan has already started tight gas production.

First tight gas well producing 15 million cubic feet per day of natural gas is on line at Sajawal gas field in Kirthar block in Sindh province, according to a report in Express Tribune. This marks a major milestone in development of unconventional hydrocarbon energy sources in Pakistan. Sajawal gas field is located 110 km south east of Karachi, Pakistan. It puts Pakistan in an exclusive club of just a few nations producing unconventional natural gas.

Wells for unconventional resources (tight and shale) must be "hydraulically fractured" (fracked) in order to produce commercial amounts of gas. Operator challenges and objectives to be accomplished during each phase of the Asset Life Cycle (Exploration, Appraisal, Development, Production, and Rejuvenation) of both shale gas and tight gas are similar, according to a paper on this subject. Drilling, well design, completion methods and hydraulic fracturing are somewhat similar; but formation evaluation, reservoir analysis, and some of the production techniques are quite different.

Haq's Musings: Tight Gas Production Begins in Pakistan

 

[Argus Panoptes]

Nonsense!!!

Pakistan has already started tight gas production.

.............

Haq's Musings: Tight Gas Production Begins in Pakistan

Double nonsense!!

Let me know when ALL the bazillions of tera mega cubic feet of tight and shale gas that we will produce actually ends loadshedding for gas.

Aiwaeen qaum ko phuddu laga rahey hein aap.
(You are taking the mickey out of the whole nation.)

 

[Jungibaaz]

Shale reserves will remain largely as they are, reserves they will remain.

Pakistaniyo! You cannot attempt the Middle Eastern model of getting rich off oil, there's no quick money scheme for us, stop looking for it. This is what's wrong with us, I say this time and time again, leaders show up with all sorts of get rich quick schemes which they sell to their gullible masses. Why is it so easy? Because Pakistanis are a lazy bunch, always looking for a quick, painless fix.

 

[ejaz007]

First tight gas well producing 15 million cubic feet per day of natural gas is on line at Sajawal gas field in Kirthar block in Sindh province, according to a report in Express Tribune. This marks a major milestone in development of unconventional hydrocarbon energy sources in Pakistan. Sajawal gas field is located 110 km south east of Karachi, Pakistan. It puts Pakistan in an exclusive club of just a few nations producing unconventional natural gas.

Haq's Musings: Tight Gas Production Begins in Pakistan

This has been reported wrong by almost every body.

The first tight gas field went on production in the last week of June 2013. It is Rehman field operated by Polish Oil and Gas Company and is located near ENI Bhit field.

Shale reserves will remain largely as they are, reserves they will remain.

Pakistaniyo! You cannot attempt the Middle Eastern model of getting rich off oil, there's no quick money scheme for us, stop looking for it. This is what's wrong with us, I say this time and time again, leaders show up with all sorts of get rich quick schemes which they sell to their gullible masses. Why is it so easy? Because Pakistanis are a lazy bunch, always looking for a quick, painless fix.

The price offered by the government now makes them attractive and a number of companies are looking into the possibility of exploring tight gas including OGDCL and PPL.

 

[Donatello]

Shale reserves will remain largely as they are, reserves they will remain.

Pakistaniyo! You cannot attempt the Middle Eastern model of getting rich off oil, there's no quick money scheme for us, stop looking for it. This is what's wrong with us, I say this time and time again, leaders show up with all sorts of get rich quick schemes which they sell to their gullible masses. Why is it so easy? Because Pakistanis are a lazy bunch, always looking for a quick, painless fix.

The idea is to let the foreign and established firms like BP, Chevron, Total, ENI etc come in and make investments. Government should charge royalties and taxation. That way we can generate revenue from our natural resources and put them to good use. The current working of the OGDCL is so much corrupted that no foreign firm wants to meddle and deal with the bureaucrats.

 

[RiazHaq]

Shale reserves will remain largely as they are, reserves they will remain.

Pakistaniyo! You cannot attempt the Middle Eastern model of getting rich off oil, there's no quick money scheme for us, stop looking for it. This is what's wrong with us, I say this time and time again, leaders show up with all sorts of get rich quick schemes which they sell to their gullible masses. Why is it so easy? Because Pakistanis are a lazy bunch, always looking for a quick, painless fix.

This is not about getting rich off of oil; it's about reducing dependence on costly imports.

Frequent IMF bailouts and power blackouts in energy-rich Pakistan are closely tied. One of the key reasons for recurring balance-of-payment crises is the country's rapidly rising oil import bill. The lack of sufficient fuel exacerbates load shedding, negatively impacts economy, reduces tax revenue growth and worsens current account and budget deficits. This requires repeated injections of IMF loans in US dollars to meet import requirements and deal with budget shortfalls.

The key to solving these interlinked crises is to put high priority on developing the country's vast but untapped domestic energy resources. These include shale oil, shale gas, tight gas, Thar coal, hydro and renewables like solar and wind. Reducing Pakistan's dependence on energy imports is also the key to making the nation less vulnerable to recurring external shocks from energy prices which vary wildly with international political and economic events and crises.

Haq's Musings: Why Blackouts and Bailouts in Energy-Rich Pakistan?

 

[RiazHaq]

Pakistan's Energy Infrastructure Map

Haq's Musings: Why Blackouts and Bailouts in Energy-Rich Pakistan?

 

[Jungibaaz]

The price offered by the government now makes them attractive and a number of companies are looking into the possibility of exploring tight gas including OGDCL and PPL.

No-one wants to invest in a nation where the security situation is helpless, where foreigners are literally hunted and killed, and it seems there's no place left in Pakistan where they cannot reach. No-one wants to operate in a nation where the infrastructure is so poor, where costs and external shocks to a private enterprise are so high. Furthermore, political instability makes everyone's future uncertain, Pakistan is also a likely candidate for possible sanctions.

Add all that up and more and you realize that none of those corporations in their right mind would want to come to Pakistan at a time like this.

The idea is to let the foreign and established firms like BP, Chevron, Total, ENI etc come in and make investments. Government should charge royalties and taxation. That way we can generate revenue from our natural resources and put them to good use. The current working of the OGDCL is so much corrupted that no foreign firm wants to meddle and deal with the bureaucrats.

I do agree in what you're saying that IF these corporations make it to Pakistan, they should be made to pay, but that is something again people will do if Pakistan offers them the right opportunity.

Let me also add, often you see, in the past major global players that did come to Pakistan did get massive tax breaks, huge cuts in red tape costs, that is because they managed to bribe the government officials they work with. There are some cases of where the government officials themselves offer the bribe, if the corporation don't take it, the officials refuse to co-operate. Add on another reason why Pakistan is not the right place.

 

[Jungibaaz]

This is not about getting rich off of oil; it's about reducing dependence on costly imports.

Frequent IMF bailouts and power blackouts in energy-rich Pakistan are closely tied. One of the key reasons for recurring balance-of-payment crises is the country's rapidly rising oil import bill. The lack of sufficient fuel exacerbates load shedding, negatively impacts economy, reduces tax revenue growth and worsens current account and budget deficits. This requires repeated injections of IMF loans in US dollars to meet import requirements and deal with budget shortfalls.

The key to solving these interlinked crises is to put high priority on developing the country's vast but untapped domestic energy resources. These include shale oil, shale gas, tight gas, Thar coal, hydro and renewables like solar and wind. Reducing Pakistan's dependence on energy imports is also the key to making the nation less vulnerable to recurring external shocks from energy prices which vary wildly with international political and economic events and crises.

Haq's Musings: Why Blackouts and Bailouts in Energy-Rich Pakistan?

Right and that is what I meant in the first place. I'm not saying the individual Pakistanis going to be selling Brent by the barrel.
Rather the oil would be cheaper, the oil would also generate tax revenue which would improve of our fiscal status and allow us to spend more on development and public spending. Also it would improve the balance of trade situation, it would even provide jobs in that sector and in those hubs and thousands more jobs in the supporting sector. Furthermore, investment is investment, it leads to growth given the right circumstances.

So all these great things. But as I've said above in the reply to Ejaz.
There are certain prerequisites and we don't fit the bill yet.

 

[Menace2Society]

If you look past the doom and gloom merchants and negative people, Pakistan has a very bright future.

If I will see her flourish in my lifetime remains to be seen.

 

[RiazHaq]

If you look past the doom and gloom merchants and negative people, Pakistan has a very bright future.

If I will see her flourish in my lifetime remains to be seen.

I agree. Pakistanis have a history of defying doomsayers.

Pakistanis are no strangers to the oft-repeated apocalyptic forecasts of imminent collapse of their nation that have been regularly dished out by many western leaders, leading analysts and mainstream media over the years. The 2009 Swat valley insurgency and 2010 summer floods sent these pessimist pundits in overdrive yet again as the images of the victims of these crises were widely distributed and discussed at length.

Haq's Musings: Resilient Pakistan Defies Doomsayers

 

[Donatello]

No-one wants to invest in a nation where the security situation is helpless, where foreigners are literally hunted and killed, and it seems there's no place left in Pakistan where they cannot reach. No-one wants to operate in a nation where the infrastructure is so poor, where costs and external shocks to a private enterprise are so high. Furthermore, political instability makes everyone's future uncertain, Pakistan is also a likely candidate for possible sanctions.

Add all that up and more and you realize that none of those corporations in their right mind would want to come to Pakistan at a time like this.



I do agree in what you're saying that IF these corporations make it to Pakistan, they should be made to pay, but that is something again people will do if Pakistan offers them the right opportunity.

Let me also add, often you see, in the past major global players that did come to Pakistan did get massive tax breaks, huge cuts in red tape costs, that is because they managed to bribe the government officials they work with. There are some cases of where the government officials themselves offer the bribe, if the corporation don't take it, the officials refuse to co-operate. Add on another reason why Pakistan is not the right place.

If those same companies can work in hostile and unstable African states, why not Pakistan? The problem is there is no clear cut policy by the government. The officials in charge of negotiations have no technical know how. They just got there due to their political positions.

 

[Argus Panoptes]

If those same companies can work in hostile and unstable African states, why not Pakistan? The problem is there is no clear cut policy by the government. The officials in charge of negotiations have no technical know how. They just got there due to their political positions.

May be the problem is that actually Pakistan is more hostile and unstable than those states in Africa? Could be so.

 

[Rafael]

May be the problem is that actually Pakistan is more hostile and unstable than those states in Africa? Could be so.

True. Their govts. do not protect certain sectarian groups like ours in the biggest province and do not offer them dialogue sitting on the dead bodies of 50,000 of their military officers and civilians like ours in our northern province.