MOL Group’s exploration efforts in the TAL Block in Pakistan are proving successful, as the company has made its eighth discovery in the block.
In a news release, MOL Group said its Makori-Deep-1 exploration well reached its target depth of 5,067 m on April 7. During testing, the well flowed oil and gas in Lockhart-1 formation at a rate of 2,020 barrels of oil per day and 5.4 million standard cubic feet per day, respectively.
“This new discovery has derisked exploration in deeper fault blocks in the TAL block leading to new upside opportunities,” Dr. Berislav Gašo, MOL Group’s E&P COO, said in the release. “ Further, this new discovery will help to improve the energy security of the country.”
Partners in the JV consortium are Oil and Gas Development Co. Ltd., Pakistan Petroleum Ltd., Pakistan Oilfields Ltd. and Government Holdings (Private) Ltd.
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