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Exploration at Kekra-1 well off Pakistan ends - OGDC spokesman [Reuters]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Reuters
Exploration at Kekra-1 well off Pakistan ends - OGDC spokesman - Reuters 3 Min Read KARACHI, Pakistan (Reuters) - The consortium exploring the Kekra-1 well off the coast of Pakistan is ending drilling operations after no reserves of oil and gas were found, a spokesman for Oil and Gas Development Co Ltd, one of the Pakistani partners, said. “The oil exploration well will be plugged and abandoned,” said Ahmed Lak, spokesman for state-owned OGDC, part of the group behind the exploration led by Italy’s Eni SpA which included Exxon Mobile Corp and Pakistan Petroleum Ltd. No comment was immediately available from Eni, which has operated the exploration licence under a deal signed in 2012. Lak said the project had gathered valuable data which can be used in future exploration projects but when drilling reached the identified carbonated reservoir at the site, they found it consisted only of water. “When you don’t find success in exploration, you’re getting data which cannot be found otherwise Show less Read more
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