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MOL Pakistan Discovers Gas and Condensate

As the operator of the TAL Block in Pakistan, MOL has made a new gas and condensate discovery at the Mamikhel South-1 exploratory well. This marks the company’s thirteenth discovery in Pakistan, its tenth in the TAL Block, and the second time in 3 months to discover hydrocarbon reserves. In March, MOL Norge discovered oil and gas in the North Sea.

MOL has made 13 oil, gas, and condensate discoveries in Pakistan since 2000 including over 400 million BOE hydrocarbon reserves. It is responsible for 89 million BOED gross production (as of Q1 2020) in the TAL Block, where it has an 8.4% share.

MOL Pakistan is the country’s ­second-largest producer of LPG, crude oil, and condensate. As the operator, it addresses around 9% of Pakistan’s natural gas needs, 25% of its oil and condensate needs, and 22% of LPG. MOL has operated in Pakistan’s upstream sector for 21 years and holds equity stakes in four blocks in the country.

Currently, the MOL Group has up-stream presence in 14 countries and production activities in nine; its core region is central and eastern Europe (in Hungary and Croatia).

MOL Pakistan Discovers Gas and Condensate

Lynnmarie P. Flowers, Technology Editor

01 September 2020

Volume: 72 | Issue: 9

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