US Firm ‘ExxonMobil’ Suspends Offshore Drilling near Karachi Coast – Research Snipers

US Firm ‘ExxonMobil’ Suspends Offshore Drilling near Karachi Coast

ExxonMobil, US oil and gas exploration firm has suspended the offshore drilling near Karachi coast. After a gap of 9 years, Pakistan resumed offshore drilling with the aid of ExxonMobil and Eni Pakistan Limited. The goal was to find oil and gas deposits in Karachi. An estimated cost of around $100 million was used.

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As their equipment needed repair and maintenance, the operations have been suspended temporarily.

Ministry of Maritime Affairs Adviser Mahmood Moulvi said, “The parts in question will be changed in the next two to three days and subsequently drilling will resume.”

By at least one week the operation will be delayed. He said, “The company was scheduled to submit a drilling result report on March 7. Now, it will submit the report after March 15.”

On 11th January 2019, the two companies started drilling the Kekra-1 well in the Indus-G block. It is situated 280 km from the Karachi coast.

An official said,  “Eni Pakistan has estimated nine trillion cubic feet of gas deposits in the offshore well.”

They took the task to drill around 5,800-metre-deep well in two months. Thus, ExxonMobil brought a drilling ship, 2 healicopters and 3 supply vessels at the site.

The ministry official said,  “This is the 18th attempt to find hydrocarbons in deep waters in Pakistan. Earlier, Pakistan drilled 17 times in deep sea. Wells were found either dry or not commercially viable to operate.”