Times of Islamabad

Big news hinted from the offshore drilling in Pakistan over biggest oil and gas reserves

Big news hinted from the offshore drilling in Pakistan over biggest oil and gas reserves

ISLAMABAD – A Big news hinted from the offshore drilling in Pakistan overbiggest oil and gas reserves by Maritime Affairs Minister Ali Zaidi.

He has said that the details regarding the discovery of oil and gas atKekra-1 well would be announced within a week, a private media outletreported.

“There are only 26 metres more to go in the search for oil and gas,” AliZaidi said, adding that the team working on offshore drilling along thecoast of Karachi has found pressure signals after drilling up to 5,474metres.

He said the drilling work had not been completed yet and it would continuetill 5,500 metres.

“The oil reservoir is most probably releasing the pressure from differentpoints, which is a good sign,” he said in a statement.

The minister said blowout preventer caps had been installed at pressuresignals, adding that the drilling has restarted after pressure testing.

The maritime affairs minister admitted the drilling work was supposed to becompleted in 60 days, but it had reached 120 days now.

“Only few days are remaining and the final result will come out in a week,”he maintained.

Earlier, it was reported that testing had started to gauge the quantity ofoil and gas at Kekra-I drilling site.