Hungarian MOL Again Strikes Oil In Pakistan

  • 9 Nov 2010 12:00 AM
Hungarian MOL Again Strikes Oil In Pakistan
"MOL drills in the Tal block in Pakistan have hit oil and gas for the fifth time, the energy company announced on the Budapest Stock Exchange website.

The top 50 metres of a layer at a depth of 3,400 metres can produce 3,209 barrels of oil and 10.7 million cubic feet of gas daily.

Drilling will continue in the next three months to explore the total capacity of the block.

MOL has a 10% stake in the field’s consortium, which consists of Oil and Gas Development, Pakistan Petroleum, Pakistan Oilfields and Government Holdings as its members."

Source: Hungary Around the Clock

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