Drilling stopped at Karachi coast as no oil reserves found

Srinagar: In a major setback to the authorities, the drilling off Karachi coast has been stopped after hope for the discovery of large reserves of oil and gas faded as no reserves were found, reported Dawn newspaper.

It was officially announced on Saturday that the much-celebrated offshore drilling in Kekra-1 had been stopped because no reserves were found.

The operators of the well have decided to plug it in the coming days.

Qoating official sources, the Dawn reported around 17 attempts have been made in the past, but all remained unsuccessful despite encouraging data from each drilling.

Talking to a private news channel, Special Assistant to the Prime Minister on Petroleum Nadeem Babar announced that the offshore drilling in Kekra-1 did not yield desired results.

“Mainly due to political hype, Pakistanis were exceptionally hopeful about finding large oil and gas reserves in the country’s territorial waters in the Arabian Sea. Kekra-1 well at Indus G-Block is located around 280 kilometres southwest of Karachi coast,” the newspaper wrote.

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-KR Web Desk

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