Eni plans to invest $10 billion in Pakistan

Discussion in 'Pakistan' started by farhan_9909, Nov 30, 2012.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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    ISLAMABAD:
    Foreign oil and gas exploration firm Eni has said that it plans to launch three shale gas pilot projects in Pakistan with an investment of $10 billion. Luigi Ciarrocchi, vice president (Asia Pacific) Eni SpA informed Adviser to the Prime Minister on Petroleum and Natural Resources Dr Asim Hussain of Eni’s intentions in a meeting held here on Thursday.

    According to a press statement issued after the meeting, Ciarrocchi said that three shale gas pilot projects are being planned in Pakistan, and wells will be drilled for the projects within 2013. He said the three projects would require approximately 1,100 new wells, in addition to the 1,850 drilled in the entire country till date, entailing an investment of nearly $10 billion.

    Commenting on the development, Hussain said the new Petroleum and Exploration Policy 2012 provides investor-friendly opportunities for foreign oil and gas companies. Hussain informed Ciarrocchi that several exploration blocks have been offered for prospecting, and invited Eni to participate in the bidding process.

    While chairing another meeting, Hussain said that the petroleum ministry is working on acquiring gas from various sources, including new discoveries, abandoned fields, marginal gases and flare gas. The meeting was attended by the petroleum secretary, the managing directors of the Oil and Gas Development Company and Pakistan Petroleum, the petroleum additional secretary, the director general of petroleum concessions and representatives of Pakistan Petroleum Exploration and Production Companies Association.

    During the meeting, discussions were held on the criteria, zonal distribution and pricing, of gas from abandoned fields, marginal gases and flare gas. An expected 200 million cubic feet per day of natural gas is estimated to be added to existing resources from these sources.

    Eni plans to invest $10 billion in Pakistan – The Express Tribune
     
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  3. farhan_9909

    farhan_9909 Tihar Jail Banned

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    zin block has estimated 10 trillions cubic feet gas reserves
    the older Sui field had 11 tcf

    i was watching a Program on tv few days before
    a petroleum expert said if we invest in zin block and want to get as much gas as we are about to get from Iran daily this will last 29 years(zin block)
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    Nothing to be proud of as 90% of gas will be exported to western world and Pakistanis will get nothing as usual.

    BTW lahore me 3 dino se gas nahi ha ..aab a gayi kya???
     
  5. Black Blood

    Black Blood Tihar Jail Banned

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    Plenty to be explored in Pakistan, in terms of energy and hydrocarbons. Recently discovered zin block natural gas reserve alone can fuel Pakistan for next 100 years. Its, time when we start digging hydrocarbons on war footings.
     

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