MOL announces new discovery, acquisition in Pakistan

Budapest, May 19 (MTI) – Hungarian oil and gas company MOL on Tuesday announced a commercial discovery at a well it operates in the Pakistan’s TAL Block and also said it is acquiring a 30 percent non-operating interest in the country’s DG Khan Block

MOL said the Mardan Khel-1 well tested four formations and all flowed with high volumes of gas and condensate. The two best tested zones yielded 4,300 barrels of oil equivalent per day (boepd) of gas along with 2,100 bpd condensate and 4,000 boepd gas along with 1,840 bpd condensate, respectively, it added.

MOL said it is acquiring the stake in the DG Khan Block from Pakistan Oil Fields Limited.

MOL has a successful presence in five blocks in Pakistan. It has operated in the country for more than 15 years.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters