According to Rystad Energy, oil and gas exploration is starting fast in 2019 and large companies are getting a larger share of the conventional resources discovered in the first quarter.
Rystad Energy, known for its research in the energy industry around the world, noted that Eni’s Kekra oil and gas reserves in Pakistani waters are one of the three potential sources in the world.
Pakistan’s Kekra Is One of the Three Major Oil Wells in the World
Three of these highly prospective wells are already underway, one of which is the Kiki source of Eni in Pakistan and two others are well-run by the Peroba by Shell, against Brazil, with estimates of prospective drilling resources of 5.3. billion the boe and the Etzil well run by Total Mexico, with estimates of prospective resources ahead of the 2.7 billion boe.
About the potential new discoveries of energy sources, it is said that the Kekra goods in Pakistani waters have a previous estimate of the prospective sources of 1,500 million barrels of oil or equivalent.
The momentum for new material discoveries shows no signs of slowdown, and another 35 high-exploration wells are expected to be drilled this year, both on land and abroad.
“If these holes are successful, the preliminary resources discovered in 2019 will be the largest since the slowdown in 2014,” one expert said.
In the statement, Rystad said the momentum for new material discoveries in the energy sector showed no signs of slowing down. It is expected that another 35 “high impact” prospecting boards will be drilled this year, both at home and abroad.
The global discoveries of conventional resources in the first quarter reached 3,200 million barrels of oil equivalent. Most of the profits were recorded in February, with a 2.2 bbo published resource discovery.
Commanders lead the performance into exploration and report over 2.4 bbo oil equivalent to discovering resources. The six major discoveries made by the majors are each 150 mmbbl of oil equivalent, and the three most important can contain even more than 300 mmbbl of oil equivalent.
ExxonMobil was the most successful, with three major discoveries abroad making up 38 percent of the total volumes. The big European companies Total and Eni are also folding with successful offshore wells in South Africa, the United Kingdom, Angola and Egypt.
Meanwhile, Kali Berau Dalam’s gas discovery, run by Repsol in Indonesia, is taking the quarter’s largest land discovery price.