A consortium comprises of, ExxonMobil, ENI, Oil and Gas Development Company, and Pakistan Petroleum Limited conducting the drill stem test to determine the real size of the oil and gas reserves in the Kekra-1 well, located around 280 kilometers away from Karachi.
The offshore drilling is being carried out at estimated exploration cost of 75 million dollars.
It is to mention here that a delegation of Exxon Mobil informed Omar Ayub Khan in a recent meeting that the company was hopeful of finding energy resources at Kekra-I site.
The ARY News quoting the sources reported that the offshore drilling of Kekra-I project has made key progress and the work has entered in its final phase.
“After completion of 5,000 meter drilling, the volume of oil reserves will be estimated,” Asad Umar said.
PM Imran Khan said that there had been positive indicators in the exploration process and added that they would give a good news to the nation within three weeks.
Ghulam Sarwar said that offshore drilling had been started in January and good news was expected by end of March.