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