MOL Pakistan Makes Another Discovery In TAL Block

MOL Pakistan Oil and Gas Company B.V has made a new discovery at the Mamikhel South 1 Well, in the TAL Block of Khyber Pakhtunkhwa. This marks the company’s 13th discovery in Pakistan and 10th discovery in the TAL Block.

The Mamikhel South - 1 exploratory well successfully reached a total depth of 4939 metres on May 23, 2020. Upon testing the well, it flowed gas and condensate from Lockhart and Hangu formation at a flow rate of 6516 boepd (16.12 MMscf/d and 3240 bpd respectively), with flowing well-head pressure of 4476 PSI at 32/64” choke.

Even during the lockdown, the company continued its business operations in order to meet the energy demands of the country. Even in these difficult circumstances caused by the outbreak, MOL Pakistan’s exploration and production through its technical departments, including drilling, surface and subsurface, the commercial team and various support departments, worked hard to maintain successful operations. Despite all, MOL Pakistan is successful in its mission to provide a safe and steady supply of oil and gas to the nation, and works hard to make sure that Pakistan has the energy needed to fight the pandemic and consequential economic challenges yet to come.

Dr. Berislav Gašo, MOL Group’s E&P EVP commented:

“I am delighted to announce that we have made another discovery in Pakistan. This new discovery has de-risked an exploration play in deeper reservoir in the TAL Block, leading to new upside opportunities. The Mamikhel South-1 discovery will also help to improve the energy security of the country from indigenous resources. We are thankful to our Joint Venture partners as well as the Government of Pakistan for their continued support.”

Mr. Ali Murtaza Abbas, MOL Group’s RVP MEA & Pakistan, commented on the occasion:

“We have all gone through tough times in the last few months, the pandemic and consequently the economic crisis have served as a dark patch on humanity in general. Even in these difficult circumstances, MOL Pakistan has persevered and continued to deliver in order to ensure the steady supply of oil and gas to the energy grid of Pakistan. These times have also shown us that we need to be self-sufficient, look towards new horizons and to further develop our energy sector. I congratulate our hardworking team from MOL Pakistan, Joint Venture partners of the TAL Block and the Government of Pakistan for their unprecedented support all the way.”

As the operating shareholder MOL is currently responsible for 89 thousand boepd gross production (MOL’s share is 8.4%). Our partners in the Joint Venture consortium are OGDCL, PPL, POL and GHPL. MOL has a successful and proven track record of operating in Pakistan’s upstream sector for 21 years and holds equity stakes in four blocks of the country.