MOL Makes Gas Discovery in Pakistan's Khyber Pakhtunkhwa Province

MOL Group has announced a new commercial natural gas discovery from Mardan Khel-1 in the TAL block in northern Pakistan.

Mardan Khel-1 was drilled as an exploration well in TAL block, located in the Khyber Pakhtunkhwa province. It was spudded on September 17, 2014 and the well reached target depth of 4,912 meters on February 17, 2015. The well tested four formations and all flowed with high volumes of gas and condensate.

The current total production capacity of the facilities in the TAL block is 80 kboepd gas and 37 kboepd of liquids per day, MOL said in a statement Tuesday.

The company intends to carry out an appraisal plan including additional wells on the eastern and western parts of the structure.

Meanwhile the company also announced that it has signed a farm-in agreement for the DG Khan block in Pakistan. MOL is acquiring a 30 percent non-operating interest from Pakistan Oil Fields Limited (POL) in the block.