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With ExxonMobil Acquiring 25 Pct Stake In Offshore Drilling in Pakistan, Shale Gas, Oil Could Get Major Boost

Shale oil and gas presents a new outlook for Pakistan which has world’s 9th largest shale gas and oil reserves far greater than total resources available in Central Asian states May 30, 2018 (BE2C2) — In a major development, US energy giant ExxonMobil has acquired 25% stake in offshore oil and gas drilling in Pakistan. An agreement in that regard was signed at the Prime Minister’s Secretariat in Islamabad on Monday among ExxonMobil, Government Holdings Private Limited (GHPL), PPL, Eni and OGDC. Earlier, Oil and Gas Development Company (OGDC), PakistanRead More