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MOL Group makes third Karak discovery

MOL Group has made its third discovery in the Karak block in Pakistan
MOL Group makes third Karak discovery

MOL Group has announced a new hydrocarbon discovery in the Karak Block in Pakistan. The block is operated by Mari Petroleum Co. Ltd (MPCL) with 60% working interest while MOL Pakistan Oil & Gas Co. has 40% in the block.

This discovery at the Halini-Deep-1 well constitutes as the third consequent discovery in the block following two previous successes (Halini-X-1 in 2011 and Kalabagh-1A in 2015). Halini-Deep-1 was drilled to a depth of 5900m. The completion integrity test has been conducted with flow rates of 1425 bopd and 1.18 MMscf/d (approximately 200 boe/d). Operator expects first oil by the end of H1.

“We are very proud of our 11th discovery in Pakistan,” said Berislav Gašo, MOL exploration and production COO. “In the past 17 years, the exploration teams led by MOL in Pakistan have successfully de-risked more than 400 MMBOE in 2P reserves. This well, which is operated by Mari Petroleum, adds to this success series and will also help to improve the energy security of the country.”

Image: Karak Block/ MOL Pakistan Oil & Gas Co.

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