MOL reports commercial discovery, acquisition in Pakistan

Energy Trade

Hungarian oil and gas company MOL announced a commercial discovery today at a well it operates in the Pakistanʼs TAL Block, adding that it will acquire a 30% non-operating interest in the countryʼs DG Khan Block, according to Hungarian news agency MTI.

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 of gas along with 1,840 bpd condensate, respectively, it added.

MOL has been successfully present in five blocks in Pakistan and has been operating in the country for over 15 years. MOL said it will acquire stake in the DG Khan Block from Pakistan Oil Fields Limited.

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