Exxon-Mobil Ready to Drill for Pakistan

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In a major development, US energy giant ExxonMobil has acquired 25% shareholding in offshore drilling in Pakistan.

World’s largest oil and gas exploration company Exxon-Mobil has practically entered Pakistan for offshore drilling. On Dec 29, a Supply vessels designed for exploration of oil and gas in deep sea has also arrived at Karachi. Times of Islamabad

On Dec 28, The Federal Minister for Maritime Affairs, Ali Haider Zaidi announced on his Twitter handle, “Supply ships transporting equipment to ‘Mother of All Rigs’ docked 230km off the Karachi coast for exploration of oil and gas arrived at KPT”. He also shared pictures of activities at the Karachi port ahead of exploration work. In a tweet he said, “Let us all pray for a global discovery. From the looks of it, big news InshaAllah.” The News

Exxon Mobil will reinvest in Pakistani market after a gap of nearly three decades. The PM welcomed the resumption of Exxon Mobil operations in Pakistan and assured the delegation of free and safe business operations in Pakistan. Daily Pakistan

Exxon Mobil’s LNG Market Development Chairperson Emma Cochrane held a meeting with Prime Minister Imran Khan on Nov 28 over the project. Pakistan Today

Offshore exploration of oil and gas by the American energy giant, Exxon-Mobil is a major breakthrough, as it may bring other international energy firms for investment in Pakistan’s energy sector. It is assumed, that if commercially viable discovery is made, Pakistan will be among the top 10 oil producing countries. Henceforth, domestic oil and gas production will increase and energy imports will decrease, resolving Pakistan’s economic problems.

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