Nation’s hopes for becoming self-sufficient in oil and gas has been faded away as Oil and gas reserves have not been found in offshore drilling off Karachi coast, Special Assistant to PM on Petroleum Nadeem Babar confirmed.
While talking to a private new channel he said the process of drilling up to more than 5500 meters was completed on Kekra-1 (Indus G-Block) off Karachi coast. After finding nothing, the operators of the well have decided to plug it in the coming days. While responding to a question regarding cost of drilling he said that the cost of drilling project, which has now been abandoned, remained over $100 million.
Earlier this year, Prime Minister Imran Khan had claimed that “We are hopeful of finding large reserves of gas and oil in the sea near Karachi. The nation should pray for this and I will soon share good news regarding this,” Khan had told reporters in Islamabad. “God willing the reserves will be so large that we will not need to import any oil.”
Currently, Pakistan meets only 15 per cent of its domestic petroleum needs with crude oil production of around 22 million tonnes; the other 85 per cent is met through imports.
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