PM Imran Was Misinformed, Massive Oil Reserves Expected Near Karachi: MD PPL

[Shahzaz ud din]

PM Imran Was Misinformed, Massive Oil Reserves Expected Near Karachi: MD PPL
Posted 11 hours ago by Sajawal Rehman

Pakistan Petroleum Limited (PPL) Managing Director has revealed that Prime Minister Imran Khan was misinformed about the presence of oil and gas reserves at Kekra-I, along the coast of Karachi.

There was an 86% chance that there would be no oil under the surface of the sea, however, the information from the project is expected to help in further exploration in shallow water near the Karachi coastline in the future
There were only 12% chances of the project’s success, the official maintained.
Talking at PPL’s 68th annual general meeting, the MD of PPL told the media that the drilling work will now be carried out in shallow water as it would cost less with a greater chance of success.
In Kekra-I, we found nothing but water after digging deep inside the surface. However, there are chances of vast resources of oil and gas underneath the shallow water of Indus Block and the PPL will administer drilling in the site in future.
The drilling and machinery cost of the project was Rs 124 billion. EI, Exxon, OGDCL, and PPL will split the cost incurred in the Kekra-I project.

Meanwhile, the new project is expected to discover massive reserves near Karachi’s coastline.

What are your thoughts on the project’s failure? Let us know in the comments section.

 

[BATMAN]

 

[Lincoln]

But Haqeeqat TV told us that lots of reserves were found and its being kept a secret!!!

 

[AZ1]

But Haqeeqat TV told us that lots of reserves were found and its being kept a secret!!!

PMLN shouldn't sign the deal for drilling and waste Pakistani ppl money.

https://tribune.com.pk/story/172119...es-25-stake-offshore-drilling-pakistan/?amp=1

 

[Samlee]

PPL Should Have Started With Shallow and Coastal Areas And Then Gone Deep

 

[War Thunder]

Oh people put a halt to all your speculative and negative bullshit for a bit.
Let things go and let's see what is discovered and when.
Stop reacting to every single report that is aimed atr emotional impatient folk like you to consume and react to.

 

[Pakistan Space Agency]

PTI's billionaires and millionaire Ministers should be forced to pay for this Rs 142 billion feel good stunt.

 

[S.Y.A]

PTI's billionaires and millionaire Ministers should be forced to pay for this Rs 142 billion feel good stunt.

not all of it was borne by Pakistan. genius.

 

[I S I]

Not this shit again

 

[ali_raza]

reserves r there
it might take years to show them.
our deep state doesn’t want to show all the cards at once.
when our economy will stabilize then only they will be taken out.
i have actual figures of reserves
and trust me people there is huge ones
which will put us in opec

 

[Syed1.]

PTI's billionaires and millionaire Ministers should be forced to pay for this Rs 142 billion feel good stunt.

Not before Nooras and their patwari worshippers cough up the billions stolen by piggy Sharif. Come on munnay paisay nikalo.

 

[Kabira]

reserves r there
it might take years to show them.
our deep state doesn’t want to show all the cards at once.
when our economy will stabilize then only they will be taken out.
i have actual figures of reserves
and trust me people there is huge ones
which will put us in opec

So We will only get them out when world have moved on from oil. Excellent

 

[ali_raza]

So We will only get them out when world have moved on from oil. Excellent

or else we do it now when it will just disappear in the hell hole of economic catastrophe like 90 billion $ has gone in thin air in last 10 years
do u see any concrete change in pakistan none.
and besides oil is going nowhere
regional situation demands that we wait
wait until americans r out of the picture we don’t want some bla types in sind or anything so we playing cool for now.putting our house in order
opposition or lets say raw/cia has played there last bullet by launching mulla.
now this will decide for future coarse of actions.
but buddy we do have oil and alote of it.
21billion of it.

 

[Imad.Khan]

PTI's billionaires and millionaire Ministers should be forced to pay for this Rs 142 billion feel good stunt.

With each post you prove that you are khota-khor. The contract was handed out even before general elections of 2018.

 

[H. Dawary]

Congrats Pakistan, InshAllah you have oil so that the people may benefit from it.