MOL Group Announces Oil, Gas Discovery in Pakistan

MOL Group on Friday announced oil and gas discovery in Karak block in Pakistan.

The block is operated by Mari Petroleum Company Limited (MPCL) with 60 percent working interest while MOL Pakistan Oil & Gas Co. B.V has 40 percent in the block.

Kalabagh-1A ST1 discovery is the joint venture’s second success in the Karak block after its first crude oil discovery made at Halini-1 Exploratory Well-1 in 2011. Based on a comprehensive 3D seismic campaign the structure was confirmed as an independent closure at about 8km distance from Halini discovery. Kalabagh-1A ST1 has been successfully drilled down to a depth of 3,003 meters.

During testing, the well flowed gas and condensate in Datta Formation at a rate of 618 boepd and 160 bblpd, respectively. In the Samanasuk Formation it flowed gas and condensate at a rate of 877 boepd and 180 bblpd, respectively. Finally, the testing of Lockhart Formation flowed commercial quantity of crude oil at 500 bblpd.

This is MOL’s 10th discovery since 1999 in three different blocks, the company said.