MOL makes another oil and gas discovery in Pakistan
Hungarian oil and gas company MOL on Friday announced a new oil and gas discovery in Pakistan, according to Hungarian news agency MTI.
An exploration well in the TAL block, which MOL operates, flowed at a rate of 2,020 barrels of oil per day and 900 barrels of oil equivalent per day during testing, MTI reported.
Gross production at the TAL block is said to be more than 80,000 barrels of oil equivalent per day.
The discovery is listed as MOLʼs eighth in the TAL block and its 12th in Pakistan, where it has three blocks.
MOLʼs partners in the block are OGDC, PPL, POL and GHPL.
Average daily hydrocarbon production of all of MOLʼs licenses reached 103,900 barrels of oil equivalent per day last year, MTI reported.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.