Hungary's MOL Makes Oil/Gas Discovery in Kazakhstan


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 2016 Thomson Reuters. Click for Restrictions.


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