MOL Pakistan is a fully owned subsidiary of MOL Group, operating in the country since 1999. Pakistan is a key contributor of the international portfolio in terms of production and exploration. MOL Pakistan has working interests in four blocks, of which TAL and Margalla blocks are operated. Furthermore, the company is one of the key condensate, crude oil, LPG and gas producers in the country, contributing to Pakistan’s energy supply.
Since 1999, ~44.7 million barrels of oil equivalent (MMBOE) reserves have been added to MOL Pakistan’s portfolio through successful exploration drilling in three different blocks. In the operated Tal Block, exploration activities are ongoing through the application of state-of-the-art technology (high density three-dimensional (3D) seismic, diffraction imaging), in an effort to maximize value by maturing various prospects and leads. The latest discovery of gas and condensate was made on July 14, 2020 with the discovery of Mamikhel South-01 Well, making it MOL Pakistan’s 13th discovery in Pakistan and MOL Pakistan’s 10th discovery in Tal Block.
Production & Field Development program
As a result of key development projects, the operated gross production level in Tal Block remained at ~80 thousand barrels of oil equivalent per day (MBOEPD) during 2020. The development of the operated Tal Block continued with the tie-in of Mardankhel-03 Well and Makori Deep-02 Well, along with the commissioning of three Central Front-End Compression facilities for Makori East Field, Makori Deep Field, Manzalai Field, Mamikhel Field, Mardankhel Field and Tolanj Field, respectively. MOL Pakistan’s production and field development program safely and successfully continued during 2020 despite all challenges posed by the COVID-19 pandemic.
PRIORITIES FOR UPCOMING YEARS
MOL Pakistan continues to explore and develop the potential of its existing portfolio and further extend its presence in the country. MOL Pakistan is committed to the finalization of ongoing field development activities in Tal Block and the continuation of exploration activities in existing operated and non-operated blocks, while pursuing expansion of our footprint in Pakistan by adding new operated acreages.
For details of other E&P operations, please click on the highlighted countries below: