Drilling stopped Offshore Karachi coast after spending Rs 14 billion
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*ISLAMABAD - Oil and gas reserves have not been found in offshore drilling off the Karachi coast, petroleum ministry officials said Saturday.*
According to officials, the process of drilling has been stopped at Kekra-1 after no traces of oil and gas were found.
The site at the Kekra-1 had been drilled up to 5,560 meters. At least Rs14 billion was spent on the drilling, half of which was paid by the government of Pakistan.
