Middle East, Asia and Africa

PAKISTAN

Middle East and Asia 2P Reserves (2017 YE): 9.4 MMboe

Middle East and Asia Production (2017): 8.5 mboepd

MOL Group has interests in five blocks in Pakistan and operates the TAL Block, one of the largest hydrocarbon producing blocks in the country. After multiple discoveries and tie-ins, our operated production exceeded ~85 mboepd in 2017.

WORK PROGRAMS OF MAJOR PROJECTS (2017/2018)

TAL BLOCK (MOL 8.421% - development WI; 10.5% - exploration WI, operated)

MOL Pakistan is the operator of the Tal Block Consortium. Since 1999, the consortium has made nine discoveries and MOL Pakistan has become one of the most successful operators in the country.

  • In 2017 several tie-ins were completed, and as a result TAL Block average production exceeded 85 mboepd (gross). In 2017 tie-in of the Makori Deep-1 and Maramzai-4 wells were completed. Tolanj Processing Facility was established by relocating the Makori Early Production Facility and equipment. Tolanj West-1 and Tolanj X-1 wells were tied in to the new facility.
  • As for field development Makori East-6 development well and Mardankhel-2 & 3 appraisal wells were drilled in 2017, tie-in and construction of produced water pipeline are planned for 2018. In 2017 Mamikhel Well Head Compression construction works were completed, commissioning is planned for 2018. Construction of Central Front End Compression Facility on Makori East Field progressed, completion is planned for 2018.
  • In 2017 exploration program continued, drilling of the Tolanj East-1 and Mamikhel Deep wells started, completion and testing are planned for 2018. One new exploration well (Mamikhel South-1) will be drilled and 3D seismic acquisition on the western part of TAL Block is planned for 2018.

KARAK BLOCK (MOL 40% WI, NON-OPERATED)

MOL Pakistan farmed in to the Karak Block in 2008, by acquiring 40% working interest from Mari Petroleum Company Limited (MPCL). Since then three discoveries have been made.

  • Kalabagh well was put into production through a rental Production Facility in 2017.
  • 2018 exploration program includes one exploration well (Surghar-1) related G&G studies followed by the spud-in.

MARGALA BLOCK (MOL 70% WI, OPERATED)

MOL Pakistan acquired Margala Exploration Licence in 2006, with an area of 1386.73 km2 which is located in the Islamabad Capital Territory, Punjab and Khyber Pakthunkwa Provinces.

  • In 2017 2D seismic data processing, interpretation and G&G evaluations were completed. The way forward of licence management will be finalized including DoD decision on the upcoming exploration well.

D.G. KHAN BLOCK (MOL 30% WI, NON-OPERATED)

MOL Pakistan farmed in to D.G. Khan Block, by acquiring 30% working interest from Pakistan Oilfields Limited (POL) in 2015. Exploration licence extension was granted until 2020.

  • 2D seismic data acquisition was started, and will be followed by processing and interpretation.

Pakistan map

KURDISTAN

Middle East and Asia 2P Reserves (2017 YE): 11.9 MMboe

Middle East and Asia Production (2017): 6.1 mboepd

MOL Group entered Kurdistan Region of Iraq in 2007, where currently Kalegran (MOL’s 100% subsidiary) is a minority partner in Shaikan PSC.

WORK PROGRAMS OF MAJOR PROJECTS (2017/2018)

SHAIKAN BLOCK (MOL 20% WI, NON-OPERATED)

  • In 2017 Shaikan recorded stable production.
  • The Shaikan JV continues its discussions with the KRG's (Kurdistan Regional Government) Ministry of Natural Resources (MNR) on the 2018 Work Program

PEARL (MOL 10% WI, NON-OPERATED)

MOL acquired 10% in Pearl Petroleum Company in 2009 from Crescent Petroleum and Dana Gas. Pearl holds all legal rights in exploring and developing the Khormor and Chemchemal fields in the Kurdistan Region of Iraq.

  • Throughout 2017 Pearl recorded stable production.
  • In 2017 the Operator agreed to settle with the Kurdistan Government, terminating the arbitration and related court proceedings.
  • After the settlement, Pearl committed to an increase of gas production by 500 MMscf/day, a 160% increase on the current level of production. The post- settlement field development plan is being finalized with the partners.

Kurdistan map