Oil, gas reservoirs could not be 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 mentioned drilling has been stopped at Kekra-I. They mentioned drilling was executed as much as greater than 5,500 meters.

The sources mentioned excessive officers of the Ministry of Petroleum had confirmed that no reservoir of oil and gasoline could possibly be traced.

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

On Could 15, Federal Minister for Maritime Affairs Ali Zaidi had expressed optimistic hope about oil discovery and mentioned that inside every week closing outcome could be introduced on this regard.

Solely 26 meter extra drilling could be executed in seek for oil and gasoline as Ali Zaidi mentioned the staff engaged on offshore drilling alongside the coast of Karachi has discovered strain sign upon drilling as much as 5474 meter. He mentioned the drilling work had not been accomplished but and it could proceed till 5500 meter.

“Likely the oil reservoir is releasing strain. The strain was launched from completely different factors, which is an effective signal,” he mentioned in an announcement.



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