MOL Strikes Gas in Pakistan
MOL has made a gas and condensate discovery at the TAL block it operates in Pakistan, the Hungarian oil company announced on July 14.
The Mamikhel South-1 exploration well was sunk to a depth of 4,939 metres, and test-flowed gas and condensate from the Lockhart and Hangu formation at a rate of 6,516 barrels of oil equivalent/day, MOL said. There were 16.12mn ft3/day of gas and 3,240 barrels/day of condensates. Additional tests continue.
MOL hailed the find as its 13th in Pakistan since entering the country in 1999, and its 10th at the TAL block, situated in the northern Khyber Pakhtunkhwa province.
"This new discovery has de-risked an exploration play in a deeper reservoir in the TAL block, leading to new upside opportunities," MOL's upstream vice president Berislav Gaso said.
Pakistan is looking for more gas to develop so it can overcome problems with energy security, while also expanding its LNG imports. The TAL block flowed 89,000 boe/d of hydrocarbons in the first quarter. MOL operates the project with a 8.4% stake, while its partners are Pakistani firms OGDCL, PPL, POL and GHPL.