TAL Block Well in Pakistan Tested Flowing 1.844 Mbbl Of Oil, 18.25 MMcf of Gas Per Day
Drilling Activity Details
Drilling Activity Summary
Description
An oilfield discovery has been announced by operator MOL in the TAL Block in Pakistan’s Khyber Pakhtunkhwa Province. New reserves were discovered in the TAL concession on the Kohat Plateau at #2-Makori. According to the company, testing indicates that the well is capable of producing approximately 1.844 Mbbl of oil with 18.25 MMcf of gas per day. The new discovery has de-risked exploration in deeper fault blocks in the TAL Block leading to new upside opportunities. Production from the TAL Block accounts for about 20% of Pakistan’s oil production (approximately 17 Mbbl per day). The most recent discovery was made in 2011. Oil and Gas Development Co. and Pakistan Petroleum Ltd. each holds a 28% interest, and Pakistan Oilfields and MOL hold 21% and 23% interest, respectively. MOL is based in Budapest.
An oilfield discovery has been announced by operator MOL in the TAL Block in Pakistan’s Khyber Pakhtunkhwa Province. New reserves were discovered in the TAL concession on the Kohat Plateau at #2-Makori. According to the company, testing indicates that the well is capable of producing approximately 1.844 Mbbl of oil with 18.25 MMcf of gas per day. The new discovery has de-risked exploration in deeper fault blocks in the TAL Block leading to new upside opportunities. Production from the TAL Block accounts for about 20% of Pakistan’s oil production (approximately 17 Mbbl per day). The most recent discovery was made in 2011. Oil and Gas Development Co. and Pakistan Petroleum Ltd. each holds a 28% interest, and Pakistan Oilfields and MOL hold 21% and 23% interest, respectively. MOL is based in Budapest.