*ISLAMABAD: Pakistan Petroleum Limited (PPL) has made history by becomingthe first Pakistani company to successfully spud its first internationalexploration well in Iraq, Radio Pakistan reported on Wednesday.*
Minister for Petroleum Ghulam Sarwar Khan, while appreciating the spuddingof first international exploration well, noted that the reform agenda ofthe present government including in the Oil and Gas sector would yielddividends.
He termed entry of the PPL in the international energy market as a goodomen.
Sarwar further said that this feat demonstrates that our nation has a richpool of talented individuals.
He said efforts would be accelerated to further build on such achievements.
Meanwhile, the Eni led drilling for exploration of oil and gas reserves inPakistani waters have achieved a major success, sources in the know of thematter claimed.
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The offshore drilling of Kekra-I project has made key progress and the workhas entered in its final phase, sources claimed.
The drilling work has reached to 5000 meters depth and nearing end to itstarget of 5800 meters, sources said.
Preparations being made to forward a report to the prime minister, sourcesfurther said.
Recently international energy research agency Rystad Energy in a reportsaid that the Eni’s Kekra project for oil and gas reserves in Pakistaniwaters is among three highly prospective wells in the world.
