Oil and gas reserves discovered offshore Pakistan BUT?

Oil and gas reserves discovered offshore Pakistan BUT?

*ISLAMABAD: Petroleum Division (PD) of the Energy Ministry on Sunday said the results of four-month offshore drilling at Indus G-Block called Kekra-I, some 230-km off the Karachi coast, had shown good quality hydrocarbon reservoir but unfortunately these were water wet.*

“After the well controlled operations, the 6″ Open Hole section drilling was resumed on Friday .The reservoir was encountered at 5,492 meters and so far about 140 meters of reservoir have been drilled. The log results show a good quality reservoir but unfortunately water wet without any gas effect,” a Petroleum Division press release said.

Current depth of the well is 5,634 meters ‘Managed Depth’ and as per the plan; while another 55 meters would be drilled before proceeding with P&A (plug and abandon) operations, which has already been approved by Joint Venture Partners including Exxon.

The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited. The consortium had started drilling activities on January 13, 2019.

On May 18, sources had said oil and gas reservoirs could not be discovered in offshore drilling along the coast of Karachi.

Sources of the Ministry of Petroleum had said drilling had been stopped at Kekra-I. They said drilling was done up to more than 5,500 meters.