MOL Pakistan, a fully owned subsidiary of MOL Group, has made three gas discoveries in the TAL Block located in the Kohat Plateau of Khyber Pakhtunkhwa.

The discoveries were made at the Razgir-1 exploratory well, which was spudded on 9 January 2024, and drilled to a depth of 3,950m.

The TAL Block gas discoveries are a result of three successful well tests in separate geological formations.

The Razgir-1 well was completed ahead of schedule, and testing operations are ongoing to determine the full potential of the discoveries.

Gas and condensate were found in three reservoirs, with the 'Lumshiwal-1 Formation' testing at approximately 3,800 barrels of oil equivalent per day (boepd), the 'Kawagarh Formation' at about 3,000boepd, and the 'Lockhart Formation' achieving an approximate flow rate of 3,500boepd.

MOL's share of the production is expected to be in the range of 400-800boepd, contributing roughly 1% to the group’s total hydrocarbon production.

MOL Pakistan holds interests in four blocks and operates the TAL and Margalla Blocks.

MOL Group's partners in the joint venture for the TAL block include local oil and gas companies Pakistan Petroleum Limited, Oil & Gas Development, POL, and Government Holdings (Private), with MOL's share amounting to 8.4% of the volumes produced.

MOL Group exploration and production executive vice-president Zsombor Marton said” “By using state-of-the-art technology combined with the creativity of our highly skilled colleagues, MOL Pakistan was able secure these discoveries in the TAL Block, in a mature area where the company has to carried out exploration and production activity for 25 years.

“This result shows the resilience and professionalism of our team that provides energy supply security in Pakistan for two decades. The new well marks the long-awaited exploration campaign recommencement in the TAL Block and a major milestone for MOL Pakistan. We look forward to the production phase of the project.”