Supported byClarion Energy
HomeGasHungary: New gas...

Hungary: New gas discovery of MOL in Pakistan

A new gas and condensate discovery in the TAL block in Pakistan was announced by Hungarian oil and gas company MOL. MOL said that an exploratory well flowed at a rate of 6,516 barrels of oil equivalent per day. The discovery is MOL’s 13th in Pakistan and its 10th in the TAL block.

MOL Pakistan owns 10.5 % exploration and 8.4 % production phase working interests as an operator of the TAL block. MOL’s partners in TAL block are OGDC, PPL, POL and GHPL and the company had nine successful hydrocarbons discoveries in Tal block already and a total of thirteen in Pakistan.

Gross production of the TAL block stood at 89,000 barrels of oil equivalent per day in the first quarter of 2020.

MOL is present in Pakistan for almost 20 years and has equity stakes in four blocks in the country, of which TAL and Marghala blocks are operated. The operated gross production level in TAL Block reached 90 million barrels of oil equivalent in 2018. The development of the operated TAL Block continued with the tie-in of Makori East-6 and Mardankhel-02 wells.

 

 

 

 

 

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation and higher electricity demand increased the region’s reliance on imports, while German power prices moved...

Solar growth in Hungary leaves businesses exposed to imported power costs

Hungary’s rapid increase in solar generation has not eliminated reliance on imported electricity, according to economic research institute GKI. The institute said the outcome leaves companies exposed to higher power costs when domestic renewable output drops. The assessment points...

Hungary stockpiles 4.8 billion cubic metres for a 96-day winter gas buffer

Underground inventories ahead of the heating season Hungary has accumulated more than 4.8 billion cubic metres of natural gas in underground storage facilities, enough to cover approximately 96 days of total winter demand. The Ministry of Economy and Energy says...
Supported byVirtu Energy