Minister for Petroleum Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar Friday visited the offshore Indus G-Block called Kekra-I, some 230-km off the Karachi coast, and reviewed pace of the drilling activities.
They visited the rig ship and appreciated the drilling pace which has entered its final phase, a Petroleum Division press release said.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which was being carried out at estimated exploration cost of $ 75 million. The consortium has started drilling activities on January 13, 2019.
Experts believe that there are huge hydrocarbon deposits, sufficient for 25 to 30-year needs of the country, if proven. The discovery is anticipated to yield gas flows which could be 'as big as Sui field,' with estimated reserves of three to eight trillion cubic feet (TCF), or 25-40 percent of the country's total gas reserves.
© Pakistan Press International, source Asianet-Pakistan