MOL Makes Another Oil, Gas Discovery in Pakistan
MOL Group on Friday announced a new oil and gas discovery in the company operated TAL Block, Pakistan.
This marks the 8th discovery in the block and the MOL's 12th in the country.
“The Makori-Deep-1 exploration well reached its target depth of 5,067 meters on April 17, 2016. During testing, the well flowed oil and gas in Lockhart-1 formation at a rate of 2,020 bopd and 900 boepd (5.4 mmscf/d), respectively,” the company said.
“This new discovery has derisked exploration in deeper fault blocks in the TAL block leading to new upside opportunities. Further, this new discovery will help to improve the energy security of the country,” Berislav Gašo, MOL Group’s E&P COO commented.
As the operating shareholder MOL is currently responsible for over 80 thousand boepd gross production. MOL’s partners in the JV consortium are OGDC, PPL, POL and GHPL.