More oil and gas discovered in Khyber Pakhtunkhwa

[Lahore_Real_Estate]

MOL Pakistan has hit a major discovery of oil and gas in Makori east in its Tal block in Kohat district of Khyber Pakhtunkhawa. Initial reports on discovery have confirmed a big reservoir of oil and gas in Makori east in Tal block, but its exact pressure, size and quantity would be reported to director general petroleum concessions of the Ministry of Petroleum once its testing is completed and commercial viability is confirmed in due course of time.

This is an important discovery, which will contribute significantly to Pakistan oil and gas production, said the sources. MOL Pakistan is among those lucky oil and gas exploration and production companies, which have got extremely potential area for oil and gas exploration. Since the allotment of Tal block, it has hit a number of exploratory wells in this block. In recent years, Tal block of MOL Pakistan contributed in a big way by keeping Pakistan oil and gas production at a reasonable level.

MOL Pakistan is an operator for Tal block with 10 percent shareholding. Its other partners are Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Pakistan Oil Field (POL). Flaring-up of the gas has started at the block and its initial reports have confirmed it as a big discovery. MOL Pakistan' country chief also arranged a party at his residence in Islamabad to celebrate the discovery.