Imran Khan hopeful of huge oil, gas reserve in Pakistan waters  03/25/2019 13:00:28  5  Web Report/Islamabad

Imran Khan hopeful of huge oil, gas reserve in Pakistan waters

Web Report/Islamabad

Filed on March 25, 2019

Pakistan Prime Minister Imran Khan on Thursday - earlier this month - indicated that the country is about to discover a huge reserve of oil and gas, ending its economic woes.

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Not divulging details of the offshore drilling process in Pakistani waters, Khan said, "Just pray that our hopes and expectations from the offshore drilling being carried out by ExxonMobil-led consortium prove to be true."

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According to a Dawn report, ExxonMobil and the international oil exploration company ENI, have been involved since January in drilling an ultra-deep well (230km inside the sea) for oil in what is known as Kekra-1 area. "There's already been a delay of about three weeks, but if the indications we are getting from the companies are anything to go by, there's a strong possibility that we may discover a very big reserve in our waters. And if that happens, Pakistan will altogether be in a different league," Khan added.

ExxonMobil returned to Pakistan after nearly a decade when surveys were carried out last year suggesting the possibility of big oil reserves within the Pakistani waters.

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