MOL Pakistan's operations in Pakistan

MOL Pakistan' operations in Pakistan

MOL PAKISTAN OIL AND GAS COMPANY B.V.

A fully owned subsidiary of MOL Group is operating in Pakistan since 1999. MOL Pakistan has a very successful track record of operations in Pakistan where it has operated as well as non-operated joint ventures with the local E&P companies. Currently, it is led by Mr. Akos Grosz , Managing Director/ CEO MOL Pakistan, who brought a wealth of international experience in exploration and production projects from across the globe to ensure that MOL Group achieves its desired position and long-term goals in Pakistan. MOL Pakistan is the Operator of the TAL, Margala and Margala North blocks and it has participation in two non-operated blocks namely Karak and Ghauri. It holds exploration area around 9,800 sq.km in various blocks whereas it has 465 sq.km acreage of the D&P lease area.

MOL Pakistan has managed to drill 10 exploratory wells, 5 appraisal wells and 9 developments wells in the Operated blocks till first quarter of 2014.

MOL Pakistan has 6 discoveries to its credit, namely Manzalai, Makori, Mami khel, Maramzai, Tolanj, and Makori East as operated, along with two discoveries namely Halini & Ghauri – operated by MPCL.

Some Key facts about MOL Pakistan are given below:

  • US$ 190 million foreign direct investment in Pakistan by MOL
  • Operator of the TAL, Margala & Margala North Blocks
  • Non-operated working interest in the Karak & Ghauri Blocks
  • Six consecutive discoveries in the TAL Block
  • One of the key producers of hydrocarbons (Oil/Condensate:22000 bbl/day; gas 275 MMscfd & LPG Production of around 250 Mtons/day to be increased to approx. to 300 Mtons/day)
  • 21 out of 25 wells drilled remained successful