Islamabad: The drilling process for locating oil and gas sea reserves around 280-km away from the Karachi harbour has been completed, a news source reported. An ENI Company-based joint venture operation successfully drilled 5,470 metres deep into the sea, and accessed the oil and gas reserves located there. Now, the drilling company has started the process of quantifying the volumes of the said natural resources available at this depth.
The company is expected to complete the measuring process in three days’ time, followed by a report preparation period of one week. According to an initial estimate, the Kekra One Block may have nine trillion cubic feet of gas and oil reserves to offer. For measuring the actual amount, the drilling company has started to drill 200 metres into the site of the said reserves.
After the measuring process, the samples collected from the location will be tested. The authorities concerned have revealed that they may go as deep as 1,000 metres into the reserves, if the technical team so advises.
In case the collected samples indicate the presence of a large amount of oil and gas costing over USD 10 billion, then the investing companies will lay down infrastructure at sea to commence with further utility processing.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
