ISLAMABAD: The seventeenth arrange to notice hydrocarbons off the shore of Pakistan has been futile as no oil and gas reserves are found.
Around four months agone, Italian firm ENI, the operator of the Kekra-1 offshore block, started drilling during a venture with United States firm ExxonMobil, one among the world’s largest oil and gas firm, and therefore the {pakistan|Pakistan|Islamic Republic of Pakistan|West Pakistan|Asian country|Asian nation} state-owned Oil and Gas Development Company restricted (OGDCL) and Pakistan fossil fuel restricted (PPL).
Each of the four corporations encompasses a twenty fifth collaborating interest within the block.
“No reserves were discovered once drilling up to over five,000 metres,” a senior government official told The specific apse.
He extra that Dutch firm Shell had conjointly dispensed offshore drilling ten years agone however did not notice organic compound reserves.
The official same the ENI, in partnership with different firms, had invested with around $100 million and expected a thirteen success rate throughout drilling.
However, the official noted that India had found offshore reserves once forty makes an attempt.
“Therefore, Pakistan ought to continue its efforts as a result of there's a protracted space wherever the presence of reserves is anticipated,” he added.
The drilling was dispensed in ultra-deep waters some 280 kilometres faraway from the metropolis coast.
The well was spudded on January thirteen this year, targeting a carbonate reservoir with a prognosed total depth of five,660 metres.
Some surveyors had found the block ‘Indus-G’ like the Indian offshore city High field, that produces 350,000 barrels per day of crude, whereas others represented it as like those within the oil- and gas-rich Kuwait.
The Exxon Mobil Corporation, through the ExxonMobil Exploration and Production Pakistan, had noninheritable a twenty fifth collaborating interest within the Indus-G Block in might 2018.
Special Assistant to the Prime Minister on fossil fuel Nadeem character confirmed that no reserves had been found.
He extra that the workplace of the fossil fuel Concessions decigram had been conversant concerning the results of the drilling.
“Drilling was dispensed up to a depth of over five,500 meters in Indus-G block.”
In recent months, the govt had repeatedly fastened its hopes on the invention of the reserves, and lots of voters were certain of a amendment in fortunes for the country.
In March this year, Prime Minister Imran Khan had proclaimed that the state ought to expect “good news” shortly, hinting at the chance of discovering major offshore oil reserves.
In associate interaction with journalists, the premier same the offshore drilling off the coast of metropolis was in its final stages and there might be a serious notice. “We ought to all pray that Pakistan gets this natural resources in substantial amount,” he added.
A few days agone, Federal Maritime Affairs Minister Ali Zaidi had conjointly raised hopes expressing his optimism concerning finding the reserves
He same a pressure signal had discharged at the depth of five,474 meters throughout drilling which was a “positive sign”.
“Pressure was discharged at completely different locations throughout drilling that is nice news and blowout pre-vendor caps are put in there,” he added.
Exploration within the Indus offshore dates back to the Sixties once the Sun company of the United States trained 3 wells. Later, Wintershall of European country, Husky of Canada, Occidental of the United States, Petro Canada, Total of France, Shell of Holland and Eni of European nation conjointly trained wells within the Indus offshore.
So far sixteen wells are trained within the space. a number of them fell wanting their target owing to technical problems whereas others reportable quantities of non-commercial gas.
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