Petroleum Division (PD) of the Energy Ministry is a press release has said that the results of four-month offshore drilling at Indus G-Block called Kekra-I, some 230-km off the Karachi coast, had shown good quality hydrocarbon reservoir but unfortunately these were water wet.
“After the well control operations, the 6″ Open Hole section drilling was resumed on Friday .The reservoir was encountered at 5,492 meters and so far about 140 meters of reservoir have been drilled. The log results show a good quality reservoir but unfortunately water wet without any gas effect,”
Current depth of the well is 5,634 meters ‘Managed Depth’ and as per the plan; while another 55 meters would be drilled before proceeding with P&A (plug and abandon) operations, which has already been approved by Joint Venture Partners including Exxon.
The cost for the whole project is estimated at over $100 million, equally divided among 4 players: 2 local (PPL and OGDC) and two foreign (ENI and Exxon).
While any finding would have been a game changer for Pakistan, probability of discovering commercially viable reserves in ultra-deep waters some 230 kilometers southwest of Karachi, was a wild bet, given the success ratio of 10-20 percent
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