Another oil and gas discovery made in KP

MOL Pakistan, a fully owned subsidiary of Hungarian multinational oil and gas exploration firm MOL Group that has about 8.4% share in Tal Block

By Israr Khan
August 17, 2024
This image shows a working oil pumpjack. — AFP/File
This image shows a working oil pumpjack. — AFP/File

ISLAMABAD: Pakistan has discovered new deposits of oil and gas in Kohat district of Khyber Pakhtunkhwa province.

MOL Pakistan, a fully owned subsidiary of Hungarian multinational oil and gas exploration firm MOL Group that has about 8.4 per cent share in the Tal Block, shared the news.

The TAL Joint Venture, comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL) and Government Holdings Private Limited (GHPL) has announced the discovery of gas condensate in the Razgir-1 exploratory well, located in Kohat district.

The well, which was spudded on January 9, 2024, has been successfully drilled to a total depth of 3,773.98 meters. According to the joint venture, the well has shown a production rate of approximately 17.9 million standard cubic feet per day (MMSCFD) of gas and 153 barrels per day (BPD) of condensate, with a choke size of 40/64 inches and a wellhead flowing pressure (WHFP) of 2,017 pounds per square inch (PSI).

This new discovery de-risks further exploration in the TAL Block, creating new opportunities for development.

The joint venture believes this discovery will contribute to improving Pakistan’s energy security by increasing the hydrocarbon reserves of the country, as well as those of MOL and its partners.