MOL, Mari Petroleum Hit Oil, Gas in Pakistan

MOL Group announced Friday that a new crude oil, condensate and natural gas discovery has been made in the Karak Block, located in Pakistan.

The group revealed that the Kalabagh-1A ST1 well, which was spud on March 20, 2015, flowed gas and condensate from its Datta Formation and Samanasuk Formation, and a commercial quantity of crude oil at its Lockhart Formation. This discovery is the joint venture’s second success in the Karak block after its first crude oil discovery made at the Halini-1 Exploratory Well-1 in 2011.

Akos Grosz, CFA, managing director of MOL Pakistan, commented in a company statement:

“MOL is committed to help alleviate the energy deficits of Pakistan by maximizing exploration and enhancing current production through cutting-edge technologies”.

The Karak Block is operated by Mari Petroleum Company Limited (MPCL), which holds a 60 percent working interest. MOL Pakistan Oil & Gas Co. B.V has 40 percent interest in the block.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
 
Well-Site Coordinator
Expertise: WellSite Supervisor
Location: El Reno, OK
 
Field Engineer I - Directional Drilling
Expertise: Directional Driller
Location: Evansville, WY
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours