Prime Minister Imran Khan on Thursday said that good news about discovery of natural resources (gas and oil reservoirs) is expected in next three weeks as the US energy giant ExxonMobil has entered the final stage of offshore drilling. "If the drilling process completes in three weeks, the entire thing will be changed and it may be a game changer," said PM Khan while talking to newspaper editors here on Thursday.
"Nation may hear a very good news and that good news may be because ExxonMobil, which is undertaking offshore drilling for oil and gas exploration, has now reached the lowest layer and started its drilling," the Prime Minister stated. Earlier in December 2018, Prime Minister Imran Khan claimed of a significant inflow of foreign direct investment after his government came to power, while saying that ExxonMobil Pakistan (Private) Limited, Coca-Cola, PepsiCo and Suzuki Motor Corporation (SMC) plan to invest in Pakistan due to efforts of the present government.
In a tweet on November 27, 2018, Finance Minister Asad Umar said: "Excellent day from a foreign investment perspective. Global Chairman Suzuki Motors visited & expressed interest in investing $450 million to expand car production in Pakistan & world''s biggest energy company ExxonMobil re-opened their office in Pak 27 years after leaving the country."
The US energy giant ExxonMobil, with 25 percent interest in Block G located offshore in Pakistan, opened its new venture office in Pakistan on November 27, 2018; however it was on 28 May 2018, that ExxonMobil signed an agreement with Government Holdings Private Limited (GHPL), Pakistan Petroleum Limited (PPL), Eni and Oil and Gas Development Company (OGDCL) during former Prime Minister Shahid Khaqan Abbasi''s tenure; and planned the first exploration well for January 2019.
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