Pakistan setback for Shell

Shell's much-anticipated Anne-1 deep-water oil wildcat in Pakistan's Offshore Indus area has ended in disappointment.

The well is plugged and abandoned having seen some minor gas shows, says co-venturer Premier Oil .The well was drilled in water depths of more than 1300 metres using the drill ship Discoverer 534 and the target depth was 3250 metres.The Anne-1 wildcat is located in frontier Block 2365-1 (Offshore Indus E), 150 kilometres south of Karachi. The 7400 square-kilometre block was awarded to Shell in 1998, and was the country's first deep-water acreage to be awarded. Anne-1 was Pakistan's second deep-water exploration well. The first was a duster, drilled by Total in Offshore Indus Block G. Partners are operator Shell (25%), Kufpec (12.50), Premier Oil (12.50%), Pakistan's Oil & Gas Development (30%) and Pakistan Petroleum (20%).

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