*ISLAMABAD – Oil and gas reserves have not been found in offshore drillingoff the Karachi coast, petroleum ministry officials said Saturday.*
According to officials, the process of drilling has been stopped at Kekra-1after no traces of oil and gas were found.
The site at the Kekra-1 had been drilled up to 5,560 meters. At least Rs14billion was spent on the drilling, half of which was paid by the governmentof Pakistan.
