Austrian company pledges extra $150 million in gas exploration projects in Pakistan.

[Aalsi]

Re: Austrian company pledges extra $150 million in gas exploration projects in Pakist

@Spock

From Pak Studies, I remember that there were signs of oil along our coastal line towards the west but it was too expensive to find out for sure before trying to extract anything there. I think instad of natural gas exploration, we should perhaps reopen the chapter of trying to find the possibility of crude oil there. It would be sweet if we cut down on our massive oil import!

Yes, cost was prohibitive. However, Pakistan is working with a Brazilian company to find offshore oil.

http://www.abcmoney.co.uk/news/11200721600.htm