Global News

ISLAMABAD – The Eni’s Kekra well for oil and gas reserves in Pakistani waters is among three highly prospective wells in the world, international energy research agency Rystad Energy said in its report.

According to a private media outlet link, Rystad Energy, in its report on the prospective new discoveries of energy resources, said that the Kekra well in Pakistani waters has pre-drill prospective resource estimates of 1.5 billion barrels of oil or equivalent.

Other two prospective energy reserves reported by Rystad are the Shell-operated Peroba well off Brazil with pre-drill prospective resource estimates of 5.3 billion barrels of oil or equivalent and the Total-operated Etzil well off Mexico with pre-drill prospective resource estimates of 2.7 billion barrels of oil or equivalent.

“If these wells prove successful, 2019’s interim discovered resources will be the largest since the downturn in 2014,” an expert said.

In the statement, Rystad said the push for substantial new discoveries in the energy sector shows no signs of slowing down, with another 35 “high impact” exploration wells expected to be drilled this year, both onshore and offshore.
Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil or equivalent. Most of the gains were recorded in February, posting 2.2bbo of discovered resources.

Source:
https://timesofislamabad.com/09-Apr-2019/pakistan-s-offshore-well-discovery-among-three-largest-in-the-world-in-recent-times-with-1-5-billion-barrel