ISLAMABAD: Pakistan Oilfields Limited (POL) on Thursday announced a significant hydrocarbon discovery at the Makori Deep-03 development well in the TAL block in Karak district, Khyber Pakhtunkhwa.
The company, along with Oil and Gas Development Company Limited (OGDCL), shared this development through separate notices to the Pakistan Stock Exchange (PSX).
“We are pleased to announce that, as per information received from MOL (the operator of TAL Block), a significant quantity of hydrocarbons has been encountered from the development well, Makori Deep-03,” read the notice.
As per details, the drilling operations for the Makori Deep-03 well, operated by MOL, began on December 12, 2024, reaching a final depth of 3,887 meters.
Post completion, the well yielded 22.08 million standard cubic feet of gas per day (MMSCFD), 2,112 barrels per day of condensate, and 15 barrels per day of formation water at a flowing wellhead pressure of 4,744 psi, sourced from the Lockhart Formation.
Pakistan Oilfields Limited said the well will be connected to the production line within two months.
The TAL joint venture comprises OGDCL (30% working interest), MOL Pakistan Oil & Gas Co. B.V. (the Operator) (10%), PPL (30%), POL (25%), and Government Holdings Private Limited (GHPL) (5%).
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