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<\/p>\nMOL Pakistan has made 3 significant gas discoveries in the TAL Block, where the company has operated for 25 years and produced hydrocarbons for 19 years. The Razgir-1 exploratory well was spudded\u00a0on 9 January 2024, and drilled to 3,950 meters. Three successful well tests have been performed so far in 3 separate geological formations. MOL is the operator of the TAL Block and its share is 8.4 % of the volumes produced.<\/p>\n
MOL spudded the Razgir-1 well in January 2024 and completed it ahead of the target date while testing operations are in progress to ascertain the full potential of the well.<\/p>\n
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Gas and condensate were discovered in 3 reservoirs. In total, \u201cLumshiwal-1 Formation\u201d tested approx. 3800 boepd of gas and condensate. The \u201cKawagarh Formation\u201d tested at approx. 3000 boepd, while in the \u201cLockhart Formation\u201d, an approximate flow rate of 3500 boepd was achieved. With production strategy still to be assessed, MOL\u2019s share is expected in the 400-800 boepd range, adding up to cca. 1% to the Group\u2019s total hydrocarbon production.<\/p>\n
\u201cBy using state-of-the-art technology combined with the creativity of our highly skilled colleagues, MOL Pakistan was able to secure these discoveries in the TAL Block, in a mature area where the company has carried out exploration and production activity for 25 years. This result shows the resilience and professionalism of our team that provides energy supply security in Pakistan<\/em>\u00a0for two decades. The new well marks the long-awaited exploration campaign recommencement in the TAL Block and a major milestone for MOL Pakistan. We look forward to the production phase of the project\u201d<\/em>\u00a0\u2013 said\u00a0Zsombor Marton, Executive Vice President, Exploration and Production, MOL Group<\/strong>.<\/p>\n MOL Pakistan, a fully owned subsidiary of MOL Group, has been operating in Pakistan since 1999. The Company holds working interests in 4 blocks and operatorship in\u00a0 the TAL and Margalla Blocks.<\/p>\n MOL made its first hydrocarbon discovery in Pakistan in 2002 and has since announced a total of 13 commercial discoveries, most recently in 2020 in the TAL block with the drilling of Mamikhel South-1 well. Since entering the Pakistani market, MOL has discovered more than 400 million barrels of oil equivalent of proven and probable (2P) reserves in the TAL Block. As the operating shareholder, MOL is responsible for 65 mboepd gross production in the TAL Block. MOL\u2019s partners in the Joint Venture consortium are local O&G companies, OGDCL, PPL, POL and GHPL and MOL\u2019s share is 8.4% of the volumes produced.<\/p>\n MOL Pakistan contributes substantially to the energy security of Pakistan. With the production of 15,000 barrels\/day, the company is the 2nd largest condensate producer in the country, 2nd largest in LPG production with 425 metric tons\/day and the 5th largest gas producer, extracting 250 million standard cubic feet\/day.<\/p>\n The company plays an important role in MOL Group’s international portfolio, representing 7% of the group\u2019s total hydrocarbon production.<\/p>\n","protected":false},"excerpt":{"rendered":" MOL Pakistan has made 3 significant gas discoveries in the TAL Block, where the company has operated for 25 years and produced hydrocarbons for 19 years. The Razgir-1 exploratory well was spudded\u00a0on 9 January 2024, and drilled to 3,950 meters. Three successful well tests have been performed so far in 3 separate geological formations. MOL […]<\/p>\n","protected":false},"author":3,"featured_media":4528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[168,59,130,15],"tags":[1708,5652,5650,5658,5654,5646,5656,5648],"class_list":["post-4524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-country","category-energy-en","category-featured-en","category-press-releases","tag-energy","tag-exploratory-well","tag-gas-discoveries","tag-geological","tag-hydrocarbon","tag-mol-pakistan","tag-razgir-1","tag-tal-block"],"yoast_head":"\n