Why only 18 holes drilled till now?

[Maarkhoor]

Why have we only drilled 18 holes till now?

If you look at offshore drilling you will understand that once the seismic data says there is oil a lot of drilling need to be done to get that oil.

For example India drilled 43 hole to reach oil
Libya drilled 58 holes before hitting oil
Norway drilled 78 holes before they reached a jackpot of oil.

If ExxonMobil is not up to the task shall there be new contractor brought in to get the job done?

The progress is too slow and the will to achieve the goal is too low.

100 million USD already spent, we ran out of money and chances of finding oil & gas shrink to on 12 to 15%.

 

[Turingsage]

How come they locate formation and not presence?
If the sound waves can detect rock formations then they can also detect oil. They cannot detect oil is strange.

Seismic data is good at determining what I would call transitions. Meaning when one kind of rock say granite transitions into another layer like sandstone. So seismology shows up those transitions and from them one can infer the layering of the different types of rock formations on top of one another. It cannot show the presence of oil. If seismology alone could determine the presence of oil and gas then there would be no need to drill exploratory wells . Just drill into where the oil is and hey presto. As I explained about 5-6 weeks ago that the chances of offshore exploratory wells showing a presence of oil and gas is as low as 7%
The presence of EXPLOITABLE quantities of oil/gas is far far lower. So even the presence of oil and gas is no guarantee that it would be profitable to bring it onshore.
For example would you invest $5 billion to get oil worth $3 billion. You might as well buy it from the Saudis

 

[Darth Vader]

@BHarwana @Maarkhoor
You want a sure deal
Pakistan can with help of all muslim countries
Create a major space program
Pakistan turkey does have the expertise , man power and tech available
Space is the next frontier only where they can catch up it will not build one industry but with it so many industries will generate
Can ask for private companies help and chinas help as well

 

[BHarwana]

Seismic data is good at determining what I would call transitions. Meaning when one kind of rock say granite transitions into another layer like sandstone. So seismology shows up those transitions and from them one can infer the layering of the different types of rock formations on top of one another. It cannot show the presence of oil. If seismology alone could determine the presence of oil and gas then there would be no need to drill exploratory wells . Just drill into where the oil is and hey presto. As I explained about 5-6 weeks ago that the chances of offshore exploratory wells showing a presence of oil and gas is as low as 7%
The presence of EXPLOITABLE quantities of oil/gas is far far lower. So even the presence of oil and gas is no guarantee that it would be profitable to bring it onshore.
For example would you invest $5 billion to get oil worth $3 billion. You might as well buy it from the Saudis

If it can determine layers of granite and sand stone then it should also determine oil layers just saying because the calculation is done by returning echoes and every thing has a different return signature?

If you have more info please add.

 

[Baghial]

Why have we only drilled 18 holes till now?

If you look at offshore drilling you will understand that once the seismic data says there is oil a lot of drilling need to be done to get that oil.

For example India drilled 43 hole to reach oil
Libya drilled 58 holes before hitting oil
Norway drilled 78 holes before they reached a jackpot of oil.

If ExxonMobil is not up to the task shall there be new contractor brought in to get the job done?

The progress is too slow and the will to achieve the goal is too low.

because ITS 18 HOLE GOLF COURSE------------

 

[Turingsage]

If you have more info please add.

Ask yourself why when its far far far easier to do seismology on solid ground than a kilometer under the sea, do we not find all the aquifers and oil underground .
We still drill speculatively on solid ground

 

[Imran Khan]

bhai samander ka pani in holes se neechy chala jay ga

 

[Baghial]

100 million USD already spent, we ran out of money and chances of finding oil & gas shrink to on 12 to 15%.

ITS NOT OUR MONEY-------

STOP CRYING

 

[Pandora]

ITS NOT OUR MONEY-------

STOP CRYING

300 million was spent out of which ENI and Exon contributed only half. OGDCL and PPL contributed almost 150 million in this entire effort. People here should stop lying about us not going in loss here. We lost almost same amount as ENI and exon. If we had used same money on land exploration we could have dug almost 20 wells in same price.

 

[Jf Thunder]

No Iran wouldn't because their own oil reserves are on the other side of Baluchistan and not near it and if we so scare then WE should no t bother to drill at all.

this seems sensible

 

[niaz]

Why have we only drilled 18 holes till now?

If you look at offshore drilling you will understand that once the seismic data says there is oil a lot of drilling need to be done to get that oil.

For example India drilled 43 hole to reach oil
Libya drilled 58 holes before hitting oil
Norway drilled 78 holes before they reached a jackpot of oil.

If ExxonMobil is not up to the task shall there be new contractor brought in to get the job done?

The progress is too slow and the will to achieve the goal is too low.

Sir,
I am sure you are aware of Pakistan's perpetual revenue shortage, current account deficit and the resulting perpetual shortage of funds in general & FE in particular. With due respect, don't you think that the above question is rather naive?

According to the info available with me and onshore well costs between $5 to $7-million in the USA. You also need an oil rig which could set you back up to $20-million. Even renting a decent oil rig could cost you around $20K per day. In Pakistan, it would probably cost more.

On the other hand, an Offshore Oil rig is extremely expensive. A deep sea oil rig could cost anywhere between $200-million to $600-milion? Even renting a floating deep-sea drilling rig/ship is very expensive at around $200K per day. Including the operating expenses, a deep sea oil drilling operation could easily set you back about $400K per day. Hence it cost at least $75-million to drill Kekra-1

Understand OGDC already has two or three oil rigs (guesstimate only). That is why one sees OGDC & PPL drilling a lot more onshore wells and finding a couple of small oil/gas reservoirs ever so often. However, no Pakistani company has the experience nor is in possession of offshore oil rigs. Hence we need to wait for the foreign companies who are ready to sink a lot of money in the hope of finding oil in Pakistani waters.

IMHO it is therefore incorrect to compare Pakistan with other countries. Pakistan simply does not have money for offshore drilling.

I hope the above clarifies why Pakistan has thus far only drilled 18-offshore wells.

P.S. I apologize if my remarks hurt your feelings. I meant no disrespect, but it irks me when intelligent members ask questions with self-evident answers.

 

[BHarwana]

Sir,
I am sure you are aware of Pakistan's perpetual revenue shortage, current account deficit and the resulting perpetual shortage of funds in general & FE in particular. With due respect, don't you think that the above question is rather naive?

According to the info available with me and onshore well costs between $5 to $7-million in the USA. You also need an oil rig which could set you back up to $20-million. Even renting a decent oil rig could cost you around $20K per day. In Pakistan, it would probably cost more.

On the other hand, an Offshore Oil rig is extremely expensive. A deep sea oil rig could cost anywhere between $200-million to $600-milion? Even renting a floating deep-sea drilling rig/ship is very expensive at around $200K per day. Including the operating expenses, a deep sea oil drilling operation could easily set you back about $400K per day. Hence it cost at least $75-million to drill Kekra-1

Understand OGDC already has two or three oil rigs (guesstimate only). That is why one sees OGDC & PPL drilling a lot more onshore wells and finding a couple of small oil/gas reservoirs ever so often. However, no Pakistani company has the experience nor is in possession of offshore oil rigs. Hence we need to wait for the foreign companies who are ready to sink a lot of money in the hope of finding oil in Pakistani waters.

IMHO it is therefore incorrect to compare Pakistan with other countries. Pakistan simply does not have money for offshore drilling.

I hope the above clarifies why Pakistan has thus far only drilled 18-offshore wells.

P.S. I apologize if my remarks hurt your feelings. I meant no disrespect, but it irks me when intelligent members ask questions with self-evident answers.

Sir anything with knowledge is always appreciated. Thanks for adding up.