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Minister Ali Zaidi positive about oil discovery

ISLAMABAD: Federal Minister for Maritime Affairs Ali Zaidi on Wednesday expressed positive hope about oil discovery and said that within a week final result would be announced in this regard, ARY News reported.

Only 26 meter more drilling would be done in search for oil and gas as Ali Zaidi said the team working on offshore drilling along the coast of Karachi has found pressure signal upon drilling up to 5474 meter. He said the drilling work had not been completed yet and it would continue until 5500 meter.

“Most probably the oil reservoir is releasing pressure. The pressure was released from different points, which is a good sign,” he said in a statement.

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He said blowout preventer caps had been installed at pressure signals. He said the drilling had been restarted after pressure testing.

The maritime affairs minister admitted the drilling work was supposed to be completed in 60 days, but it had reached 120 days now.

“Just last few days are remaining and the final result will come out in a week,” he said.

Earlier, ARY News reported that testing had started to gauge quantity of oil and gas at Kekra-I, drilling site.



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