Hungary's MOL Makes Oil/Gas Discovery in Kazakhstan

Reuters

BUDAPEST, May 26 (Reuters) - Hungarian oil and gas group MOL has made a new crude and natural gas discovery in the Rozhkovskoye field in the Fedorovsky Block, Kazakhstan, it said in a statement on Monday.

"Inflow of high quality light crude oil and gas with maximum flow rates of 1.9 mbbl (million barrels)/day and 6 million cubic feet/day (1 mboe/day) was recorded, respectively. This flow rate was on a relatively small choke," MOL said.

It said the discovery had not been included in its previous resource and reserves assessment.

MOL has a 27.5 percent working interest in the Fedorovsky block, with KazMunaiGas E&P holding a 50 percent stake in the block and FIOC holding 22 percent, MOL said.

(Reporting by Sandor Peto)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Fluids Analysis Specialist
Expertise: Chemist|Geochemist
Location: Houston
 
Asset Analyst
Expertise: Accounting|Asset Management|Financial Analyst
Location: Houston, TX
 
Senior Geophysicist / Geologist
Expertise: Geologist|Geophysicist
Location: Knoxville, TN
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours