MOL Finds Oil, Gas Onshore Kazakhstan

Hungarian energy company MOL has announced discovery of oil and gas in the Rozhkovskoye field in the Fedorovsky Block, Kazakhstan.

Natural gas flow rate was recorded at 6 million cubic feet/day (1 mboe/day).

Positive test results from the new Bashkirian discovery will significantly increase the field’s reserve prospects, MOL said.

According to the company, quantitative evaluation of reserve is underway and MOL expects further increase following the results of further exploration and appraisal of the Fedorovsky Block.

MOL has a 27.5% working interest in the Fedorovsky block in Kazakhstan while KazMunaiGas has 50% and FIOC owns 22.5% stake.