A gas pocket has been found during the excavation of a test in the Korangi Creek area of Karachi, said Express News. TPL Properties, a real estate developer, announced the discovery and confirmed the development in a notice issued to the Pakistan Stock Exchange (PSX) on Thursday.
According to the notice, the initial technical evaluations, together with the independent opinions of industry experts, suggest that gas can be biogenic methane, a gas typically formed from the decomposition of organic matter.
The company clarified that this discovery is not part of any known natural gas reserve in the region. The TPL properties also pointed out that, given the nature of the area, it is likely that the gas pocket is naturally dissipated over time, especially if it is burned.
The company also declared that the evidence is part of an extensive study conducted with the cooperation of national and international renowned consulting firms.
The study includes geotechnical evaluations, soil composition and contamination tests, electrical resistivity surveys (ER), a comprehensive environmental and social impact evaluation (ESIA) and other reference studies.
A Chinese study, published in 2020, also identified the presence of gas and coal reserves in the Korangi Creek area, revealing that the area has three layers of rocks where gas reserves can be found.
These rocks, known as Myosina, are 20-25 million years old and contain underground water reserves and gas deposits. Under the myosin rock layer, there are the rocks of the Paleocene and the Eocene.
The older the rocks, the more hydrocarbon reserves they contain. Korangi Creek’s drilling data and the Indo Delta revealed a high percentage of total organic material (TOC), ranging between 3 and 3.5%, with a type III kerogen, indicating the promising possibility of methane gas reserves and coal seams.
The four -year study of a Chinese research group on the Indo Delta found that oil and gas exploration activities near the Karachi coast were not successful due to the absence of structural traps, which are rocks that prevent hydrocarbons from increasing.
The announcement occurs after a massive fire broke out on Saturday morning near an oil refinery in the Korangi area of Karachi, which has now disagreed for more than five days.
The incident, which occurred late on the night of March 28, led to the properties of TPL to take immediate measures to handle the situation. The company assured those interested that all the necessary measures have been taken and that the relevant parties have been informed.
