No oil, gas reservoirs discovered along Karachi coast: sources

ISLAMABAD: Oil and gasoline reservoirs couldn’t be found in offshore drilling alongside the coast of Karachi, ARY Information reported on Saturday.

Sources of the Ministry of Petroleum stated drilling has been stopped at Kekra-I. They stated drilling was completed as much as greater than 5,500 meters.

The sources stated excessive officers of the Ministry of Petroleum had confirmed that no reservoir of oil and gasoline might be traced.

ARY Information correspondent Hamza Farooq added a consortium of 4 corporations had invested 100 million {dollars} on this challenge.

On Might 15, Federal Minister for Maritime Affairs Ali Zaidi had expressed constructive hope about oil discovery and stated ultimate end result on this regard could be introduced inside every week.

Learn Extra: Minister Ali Zaidi positive about oil discovery

The minister had claimed solely 26 meters extra drilling could be completed in seek for oil and gasoline. He stated the group engaged on offshore drilling alongside the coast of Karachi had discovered strain sign upon drilling as much as 5474 meter.

He stated the drilling work had not been accomplished but and it might proceed till 5500-meter mark was reached.

“Most likely the oil reservoir is releasing strain. The strain was launched from totally different factors, which is an efficient signal,” he had stated in an announcement.

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