A gas pocket was found during the excavation of a test well in the Karangi Creek region of Karachi, Express News reported. TPL Properties, a real estate developer, announced the discovery and confirmed development in a notice issued on the Pakistan Stock Exchange (PSX) on Thursday.
Depending on the notice, initial technical assessments, as well as independent views of industry experts, suggest that gas can be biogenic methane, a gas generally formed from the decomposition of organic matter.
The company clarified that this discovery was not one of the known reserves of natural gas in the region. TPL Properties has also noted that, taking into account the nature of the area, it is likely that the gas pocket naturally dissipates over time, especially if it is left to burn.
The company also declared that the test was part of an in -depth study conducted with the cooperation of renowned national and international consulting companies.
The study includes geotechnical assessments, composition and soil contamination tests, electrical resistivity (ER) surveys, a complete evaluation of environmental and social impact (ESIA) and other basic studies.
A Chinese study, published in 2020, also identified the presence of gas and coal reserves in the Korangi Creek region, revealing that the area has three layers of rocks where gas reserves can be found.
These rocks, known as myosin, have 20 to 25 million years old and contain underground sweet water reserves and gas deposits. Under the rock layer of myosin, there are the rocks of the Paleocene and the Eocene.
The older the rocks, the more hydrocarbon reserves they contain. Korangi Creek drilling data and the Indus Delta revealed a high percentage of total organic matter (COT), ranging from 3 to 3.5%, with type III kerogen, indicating the promising possibility of methane gas and coal seams.
A four -year study of a Chinese research group on the Indus Delta revealed that oil and gas exploration activities near the Karachi coast failed due to the absence of structural traps, which are rocks that prevent hydrocarbons from increasing.
The announcement comes after a massive fire broke out early Saturday morning near an oil refinery in the Karachi Karachi region, which has now been raging for more than five days.
The incident, which occurred late on the night of March 28, prompted TPL properties to take immediate measures to manage the situation. The company assured stakeholders that all necessary measures have been taken and that the relevant parties have been informed.
