ISLAMABAD: Pakistan Oilfields Limited (POL) has reported a significant hydrocarbon discovery at the Makori Deep-03 development well in the TAL Block, located in Karak district, Khyber Pakhtunkhwa. The announcement was made through a notice to the Pakistan Stock Exchange (PSX) on Thursday.
According to POL, the discovery was confirmed by MOL, the operator of the TAL Block. POL holds a 25% pre-commerciality working interest in the block.
Drilling of Makori Deep-03 commenced on December 12, 2024, and reached a total depth of 3,887 meters. Upon testing, the well yielded a daily flow of 22.08 million standard cubic feet (MMSCF) of gas, 2,112 barrels of condensate, and 15 barrels of water at a 32/64” fixed choke size with a flowing wellhead pressure of 4,744 psi from the Lockhart formation.
POL stated that the well is expected to be connected to the production network within two months.
The TAL Block joint venture includes Oil and Gas Development Company Limited (OGDCL) with 30% interest, MOL Pakistan (10%), Pakistan Petroleum Limited (PPL) (30%), POL (25%), and Government Holdings Private Limited (GHPL) (5%).
MOL Group, a Hungary-based multinational oil and gas firm, operates the TAL Block. This latest success follows previous discoveries in the region, including the Razgir-1 well in Kohat district announced last year.
