ISLAMABAD – The leading energy expert has raised severe questions onPakistan’s non-seriousness in the field of exploration of oil and gas,fearing that the country’s reserves might be going to India.
Arshad H Abbasi, an eminent energy expert, and engineer, in hisworld-renowned document, The Hydrocarbon Exploration Licensing Policy(HELP), has raised questions as to why Pakistani companies are ignoring thearea bordering India for exploration.——————————
He documented that India is producing 1,75000 barrels per day (BPD) fromRajasthan, but Pakistani companies and the energy ministry have beenignoring the potential of the field. He feared that due to lack ofexploration from Pakistan, the oil and gas reserves might be migrating tothe Indian side.
In this document, Arshad Abbasi has shared a map of the Indian stateshowing how a backward Indian state by 2009-10 has changed over ten years.
The basin, especially the Jaisalmer Basin, has resources with a potentialof 7.8 billion barrels. India Company Carin is planning to invest anadditional $5.4 billion to increase its production to 5bpd. The samecompany plans to drill more than 450 wells over the next three years alongthe Pakistani border.
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He highlighted that the Tarot Block of Rajasthan, just 10 kilometers awayfrom Pakistan, will soon become a major oil field, highlighting thatPakistani companies could still hit the jackpot by starting drilling inthis region.
He underscored a few areas, including districts Sanghar, Sukkur, Ghotki,Kasur, Bahawalnagar, and Rahim Yar Khan, which Pakistani companies shouldexplore.——————————
Through HELP, Arshad H Abbasi attempted to draw the attention to PrimeMinister Imran Khan, Ministry of Defence, Ministry of Finance, and Ministryof Petroleum towards the matter, maintaining that the country neededself-reliance in the oil production to cut import bill by more than half.
