The block is operated by Mari Petroleum Company Ltd. (MPCL) holding a 60% interest while MOL Pakistan Oil & Gas Co. B.V. has 40% in the block.
MOL has a well-established presence in Pakistan with five blocks and over 15 years of operation. This is the tenth discovery since 1999 in three different blocks.
The Kalabagh-1A ST1 discovery is the joint venture’s second success in the Karak block after its first crude oil discovery made at the Halini-1 Exploratory Well-1 in 2011.
The Kalabagh-1A ST1 well, where drilling started in March 2015, flowed gas and condensate in Datta Formation at a rate of 618 boepd and 160 bblpd, respectively, during testing. In the Samanasuk Formation it flowed gas and condensate at a rate of 877 boepd and 180 bblpd, respectively. Finally, the testing of Lockhart Formation flowed commercial quantity of crude oil at 500 bblpd.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
