Trump Announces Major Pakistan Trade Deal, Vows Joint Oil Development/Exploration

[clutch]

You can't change the prediction of the future predicted by our prophet (PBUH), even in his life jews were the worst enemies of Islam then, even worst than idol worshipper and Christians of Medina and Mecca at the time

Still F Israel and those that refuse to condem the Genocide of the Palestinians. Period.

 

[Boss]

It did happen during IK era as well… he asked the people to pray until the samples were tested in the USA in hope of finding huge oil reserves

He created an unnecessary hysteria and raised expectations with nothing to back it up. Prayers don’t help in such situations. Signs of a low IQ idiot.

 

[clutch]

Unless Trump means Shale gas, Pakistan doesn’t have much proven oil reserves. The Gas is worth trillions of dollars but economically not feasible to extract unless they have found cheaper way to do it.

My guess is.. US wants Pakistan to import oil from the US and less from the Arabs. We import about 18 billion dollars of oil per year if I am not wrong… they want share in the oil imports to balance the trade

This is the only sensible post on this thread. Pakistan conventional oil and gas reserves proven and recoverable are insufficient. If we account for unconventional reserves such as tight shale, those are extremely expensive to extract and Pakistan being a seismic active region, induced seismicity is a significant concern.

It's likely that the Americans want Pakistan to import more American LNG.

 

[clutch]

Shale!
They are not the cheapest to extract requiring higher initial investment. However over the years the shale producers in the US have become very competitive.
The alternative is to put time and effort to develop technology locally. This will however bring them online faster.

Shale production has a decline curve problem. I.e., the production declines much faster than conventional and your Return on Investment (ROI) has to be covered off in the short term. Field development is in fill drilling with complex expensive horizontal wells with multistage fracturing. Unsustainable in a country like Pakistan with lack of liquidity, infrastructure, regulatory regimes, and high risk environment. Most shale gas wells with very long lateral sections, their completions is much more expensive than even the drilling, casing, and cementing costs. It's not happening in Pakistan; period.

So no. There is no shale revolution coming to Pakistan. Even the American shale plays are dying as we speak.... Primarily due to cheap Gulf Arab $/bbl advantage.

 

[Cash gk]

Unless Trump means Shale gas, Pakistan doesn’t have much proven oil reserves. The Gas is worth trillions of dollars but economically not feasible to extract unless they have found cheaper way to do it.

My guess is.. US wants Pakistan to import oil from the US and less from the Arabs. We import about 18 billion dollars of oil per year if I am not wrong… they want share in the oil imports to balance the trade

American oil is expensive and purchasing American gas brought European economies into knees.
This Pakistanis general and his corrupt puppets will pay this price to stay in power
Second Pakistan buy lot of cheap oil and gas from Arab countries in exchange of security contract with them

 

[Rationale]

Please post your ONGC data on your own reserves I gave you the US Department of Energy data (dated 2016) and the classification.
We are honored that you find Dawn more credible than US government sources. Your ignorance on energy security is profound.

Question:
The USA and Pakistan are both sovereign countries with a bi-lateral agreement for whatever it is worth on oil, mineral and other natural resources. Okay so Pakistan is in a worthless deal and doomed as a failed state on the verge of collapse. First predicted in 1948;.
How does the US Pakistan trade agreement concern India?
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@Waz for your attention, this gentleman keeps making insults "I am not going to waste more time..." yet keeps writing garbage

Lol. My data is from the EIA, which is a US government agency. I don't think ONGC puts out any such data. In any case, I would trust data from reputed industry sources like EIA or OPEC over that from any single company, be it ONGC or Saudi Aramco or ExxonMobil.

You have provided links from onehomes which is some real estate builder in Lahore. I would obviously take Dawn more seriously than them.

If the Country of Pakistani seriously had legitimate oil reserves , why did the government not sell development licences to the top bidders from the US, China, Saudi, UAE, Russia etc instead of going to the IMF for a bailout ? The answer is that actually ExxxonMobil did explore the claimed reserves and found nothing. For your information, the US government doesn't have any ownership interest in any oil company. If a deal has to be done with a private company , why does the US government need to get involved as a middleman. In most countries , there would be a public outcry about kickbacks and corruption if oil exploration rights were not licensed in a transparent bidding process to the highest bidder.

 

[mythbuster]

This is the only sensible post on this thread. Pakistan conventional oil and gas reserves proven and recoverable are insufficient. If we account for unconventional reserves such as tight shale, those are extremely expensive to extract and Pakistan being a seismic active region, induced seismicity is a significant concern.

It's likely that the Americans want Pakistan to import more American LNG.

Indus basin is not much of a seismic active region ....most of the shale reserves are in sambar block , that's in tharParker......cost of extraction in this region is much lower than what's in America.

 

[Rationale]

Shale production has a decline curve problem. I.e., the production declines much faster than conventional and your Return on Investment (ROI) has to be covered off in the short term. Field development is in fill drilling with complex expensive horizontal wells with multistage fracturing. Unsustainable in a country like Pakistan with lack of liquidity, infrastructure, regulatory regimes, and high risk environment. Most shale gas wells with very long lateral sections, their completions is much more expensive than even the drilling, casing, and cementing costs. It's not happening in Pakistan; period.

So no. There is no shale revolution coming to Pakistan. Even the American shale plays are dying as we speak.... Primarily due to cheap Gulf Arab $/bbl advantage.

Exactly. People have forgotten the mid 2010s when Saudi Arabia drove most of the US shale industry into bankruptcy.

 

[Cash gk]

Sending and stationing a few thousand Pakistani soldiers in Arab countries and signing some random contracts is much cheaper than developing their own oil and gas reserves, which would give them leverage to control the country."l

 

[clutch]

Indus basin is not much of a seismic active region ....most of the shale reserves are in sambar block , that's in tharParker......cost of extraction in this region is much lower than what's in America.

I wasn't aware of that. I thought most shale were closer to the mountains. I stand corrected. If the shale resources are closer to the mountains, typically the chances of contacting a critically stress fault are much higher.... Full disclosure: I am not familiar with Pakistan geology and it oil and gas plays. I am just going off of what I have heard and read through random news which are often poorly informed.

Costs are depend on a number of factors, the main ones are depth (of the shale target zone) and the total organic content (TOC). I'm not sure what those are for Pakistan prospects.

 

[NGAD IS THE BEST]

Still F Israel and those that refuse to condem the Genocide of the Palestinians. Period.

I did condemn genocide of Palestinians lots of times here on PDF, now keep repeating the sh!t again and again, I don't want to applause/ congrat from you

 

[mythbuster]

American oil is expensive and purchasing American gas brought European economies into knees.
This Pakistanis general and his corrupt puppets will pay this price to stay in power
Second Pakistan buy lot of cheap oil and gas from Arab countries in exchange of security contract with them

Pakistan is not buying American oil or gas , stop your imaginations running haywire..... Average cost of shale oil extraction in America is about 35 $ per barrel.... still profitable......cost of production in Pakistan will be less than 20$ per barrel.

 

[clutch]

I did condemn genocide of Palestinians lots of times here on PDF, now keep repeating the sh!t again and again, I don't want to applause/ congrat from you

Good job!

 

[Cash gk]

He created an unnecessary hysteria and raised expectations with nothing to back it up. Prayers don’t help in such situations. Signs of a low IQ idiot.

Someone shared very informative insider knowledge with me. They said there were reserves here, but due to external pressure, our policymakers surrendered. That same person also told me that from Pakistan’s Balochistan coast to Oman’s coastline and even toward Yemen, there are massive reserves in the sea. The entire region is rich in natural resources."

 

[Cash gk]

Pakistan is not buying American oil or gas , stop your imaginations running haywire..... Average cost of shale oil extraction in America is about 35 $ per barrel.... still profitable......cost of production in Pakistan will be less than 20$ per barrel.

I said if they buy... And they probably buy to make their boss happy. Your denial no matter. Have you read Shabbat Sharif tweet