Kekra X-1 is a venture of hope.

KARACHI -- The statement attributed to MD and CEO Moin Raza Khan pertaining to presence of natural gas reserves in Kekra X-1 well was decontextualized, stated Pakistan Petroleum Limited (PPL) sources. As such, Khan never suggested that Prime Minister Imran Khan was misinformed on the matter as the well was drilled with reasonable chances of success per E and P operational standards. Although the well encountered excellent quality predicted reservoir, it turned out to be a water-bearing reservoir and was aborted due to discouraging results in confirming hydrocarbons. Khan was speaking at Pakistan Petroleum Limited's (PPL) 68th Annual General Meeting on October 28 during which he shared the company's progress and achievements during...