‘Pakistan is preparing to launch its most unconventional offshore campaign yet in the form of a purpose-built artificial island in the Arabian Sea that will act as a fixed platform for deep exploration work. The project, led by Pakistan Petroleum Ltd (PPL), aligns with Islamabad’s renewed push to reverse years of declining domestic crude supply.”
“According to Gulf News, the government has approved the construction of an artificial island some 30 kilometres off the Sindh coast, designed to support rigs, storage and heavy-equipment staging. The island will be built above high-tide levels to ensure uninterrupted drilling operations. PPL expects construction to finish early next year, followed directly by spud-in of the first well.”
“The new offshore buildout aligns with Islamabad’s broader licensing overhaul, which includes 23 recently awarded offshore blocks. The government is using the awards to accelerate frontier drilling in deepwater acreage long considered too costly and technically risky, and officials say the new terms are designed to pull in multi-year capital commitments after a decade of weak investment.”
See also: Pakistan Revives Offshore Exploration With 23 Oil Block Awards
“Consortiums led by major local and Turkish energy companies have pledged substantial investments for the exploration phase, with potential for up to $1 billion if drilling proceeds.”