How a failed Pakistani project led to discovery of another huge Oil and Gas Reserves?

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How a failed Pakistani project led to discovery of another huge Oil and Gas Reserves?

*KARACHI - A failed Pakistani project led to discovery of another huge Oil and Gas Reserves.*

In Kekra- I offshore drilling, nothing was found but water after digging deep inside the surface. However, there are chances of vast resources of oil and gas underneath the shallow water of Indus Block and the PPL will administer drilling in the site in future,” he said.

Prime Minister Imran Khan was reportedly misinformed about presence of natural gas reserves near Karachi coast as there are 86% chances that the expected reserve – called Kekra-I – would not be found under the surface of the sea.

The project entails a cost of Rs124 billion on account of digging and associated machinery and other resources. The information from the project work would be beneficial in future, The Tribune has reported.

Now the authorities would dig up the surface under shallow water rather than deep water as it would have a much higher success rate and would cost less. The revelation was made by the Pakistan Petroleum Limited (PPL) managing director as he spoke to media after the PPL’s 68th annual general meeting.

He said the prospects of success in Kekra-I was only 12% and even though the project met failure, the information from the work being carried out would pave the way for discovery of new reserves.

“In Kekra-I, we found nothing but water after digging deep inside the surface. However, there are chances of vast resources of oil and gas underneath the shallow water of Indus Block and the PPL will administer drilling in the site in future,” he said.

The expenditures incurred in Kekra-I will be split among EI, Exxon, OGDCL and PPL.