Offshore Drilling At Arabian Sea To Produce Results Before Eid  

Nadeem Babar said that the offshore drilling continues in an efficient way and we will soon reach the desired depth.

Islamabad (UrduPoint / Pakistan Point News – 11th May, 2019) Special Assistant to Prime Minister Imran Khan on Petroleum Nadeem Babar has said that five to six weeks were wasted due to technical fault in drilling of oil and gas in the Arabian Sea.

Speaking at a tv show, he said that the well faced a technical fault at a depth of 3500 metres which caused a delay.

Nadeem Babar said that the offshore drilling continues in an efficient way and we will soon reach the desired depth.

He said that the drilling would require 15 more days.

Hopefully, we will get some results before Eid, he said, adding that five to six weeks got wasted because of the technical fault.

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.

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.