Pakistan Prime Minister Imran Khan’s dream of the cash-strapped country becoming self-sufficient in oil has been dashed after no reserves were discovered in the Arabian Sea off the Karachi coast, media reports said Sunday.
The drilling work at Kekra-1 well in deep sea near Karachi has been stopped after no oil or gas reservoir could be found, according to Special Assistant to Prime Minister Khan on Petroleum Nadeem Babar.
Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea. US oil giant Exxon Mobil, Italy’s ENI and a couple other companies were involved in drilling an ultra-deep oil well.
