Reading Time: 2 minutes

According to a new report of Rystad Energy, Oil and Gas exploration is off to a flying start in 2019, with Masterpiece they are taking a bigger bit of the conventional resources was discovered in the first Quarter.

In the energy industry all around the world, Rystad Energy is known for its research, Highlighted that Eni’s Kekra well for gas and oil reserves in Pakistani waters is among 3 highly prospective wells in all around the world.

 The discoveries of energy resources said that Kekra well in Pakistani waters has pre-drill prospective resource estimates of 1.5 billion barrels of equivalent and oil.

The New discoveries show no signs of slowing down for the push substantial, With another 35 high impact exploration wells expected to be drilled in this year 2019, both offshore and onshore.

There are three highly prospective well already underway in which Pakistan’s Eni’s kekra well and other 2 are the sell-operated probes well,

And Off Brazil, with pre-drill prospective resource estimates of 5.3 billion Boe and the Total-operated  Etzel well off Mexico, with pre-drill prospective resource estimates of 2.7 billion boe.

An Expert said that “If these wells prove successful, 2019’s interim discovered resources will be the largest since the downturn in 2014,”

Read Also: Top 9 Richest Men of Pakistan

In the announcement, Rystad Energy said that the new discoveries in the energy sector display no signs of slowing down, with 35 explorations well expected to be drilled in this year 2019, both offshore and onshore.

The Global discoveries of conventional resources in the very first quarter arrive a robust 3.2 billion barrels of oil equivalent.  Many of the gains were recorded in February 2019.

Global discoveries of conventional resources

Many are leading the charge in exploration and reporting more than 2.4 bbo of oil equivalent of discovered resources. The world six largest discoveries by the majors each exceed 150 mmbbl oil equivalent.

The top three might hold more than 300 mmbbl of oil equivalent apiece. ExxonMobil was very successful,

With 3 significant offshore discoveries accounting for a whopping 38 percent of the total discovered amount. European majors Total and Eni are also in the fold with successful offshore wells in South Africa, Angola, the UK, and Egypt.