MOL Group announces tenth discovery in Pakistan
- MOL Group announces new crude oil, condensate and natural gas discovery in Karak Block
- MOL Pakistan (100% subsidiary of MOL Group) has a proven track record in Pakistan since 1999
Budapest, 18th September 2015 –Today, MOL Group announced that a new crude oil, condensate and natural gas discovery was made in Karak Block, Pakistan. The block is operated by Mari Petroleum Company Limited (MPCL) with 60% working interest while MOL Pakistan Oil & Gas Co. B.V has 40% in the block.
MOL has a well-established presence in the country with five blocks and over 15 years of successful operation. This is the 10th discovery since 1999 in 3 different blocks.
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, spud-in on March 20, 2015, 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.
Mr. Akos Grosz, CFA, Managing Director of MOL Pakistan added:
“MOL is committed to help alleviate the energy deficits of Pakistan by maximizing exploration and enhancing current production through cutting-edge technologies”.
For a video about our Pakistani operation please click here.