MOL discovers oil, gas reserves in Makori Deep-02, Pakistan
Pakistan Oilfields Limited (POL) has announced that, according to Hungarian energy company MOL, which is the operator of the TAL block, hydrocarbons have been discovered at Makori Deep-02 well, located in the Kohat Plateau of Khyber Pakhtunkhwa, Dunyanews.tv reports.
Initial testing is being considered as extremely encouraging as it showed a flow of crude oil at 1,844 barrels per day and 18.25 million standard cubic feet of gas. The commercial production from the new oil and gas reserves will begin in December this year.
The pre-commercially working interest of Pakistan Oilfields is 25%. MOL Pakistan owns 10.5264% exploration and 8.421% production phase working interests as an operator of the TAL block., Dunyanews.tv says.
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.