Hydrocarbons discovered in Tal block

Published July 15, 2020
Analyst Muhammad Saad Ali at Intermarket Securities said it was the 10th discovery in Tal block. — File photo
Analyst Muhammad Saad Ali at Intermarket Securities said it was the 10th discovery in Tal block. — File photo

KARACHI: Pakistan Oilf­i­elds Ltd (POL) reported hyd­r­ocarbons discovery in exploratory well in Tal block, Mamikhel South-01.

The company holds 21 per cent stake in the Tal Block, while the Ola and Gas and Development Company and Pakistan Petroleum own 27.8pc each. MOL is the operator of the block with 8.4pc interest.

The drilled well is currently under testing phase with initial flows reported to be 3,240 barrels per day of crude oil and 16.12mmcfd of gas at a choke size of 32/64” (optimal level).

This is about 15pc and 5pc of Tal block’s present total oil and gas production respectively (22,000bpd oil and 330mmcfd gas from eight fields as of July).

Analyst Muhammad Saad Ali at Intermarket Securities said it was the 10th discovery in Tal block, where the first one was made in December 2002 (Manzalai) and the last (Makori Deep) in June 2016 and added to production by July 2017.

Based on management guidance, Mamikhel South will likely be added to production in a shorter time period. Given the discovery’s proximity to another field, Mamikhel, it will likely be connected to the Makori Gas Processing Facility.

“The discovery was thou­ght to be material, and it com­es at a time when overall hyd­r­o­carbon production in Paki­stan is on a decline, and rese­rve replacement has been paltry of late”, analyst said.

Published in Dawn, July 15th, 2020

Opinion

Editorial

Updated 28 May, 2022

POL price shock

The state must look into exactly how much of an impact POL hikes have had on the prices of everyday items.
28 May, 2022

Changed laws

THERE will be much noise made over bills passed in the last two days by parliament to amend election and National...
28 May, 2022

Causing damage

FORMER prime minister Imran Khan’s remarks that he called off his protest, not because he had reached a deal but...
27 May, 2022

After the march

FORMER prime minister Imran Khan either ‘ran away’ from Islamabad or made a temporary, strategic retreat. It...
A tough decision
Updated 27 May, 2022

A tough decision

Decision to raise fuel prices will remove a major hitch of concluding a staff-level agreement with IMF.
27 May, 2022

Xinjiang files

QUESTIONS about the status of the Muslim Uighur people in China’s Xinjiang autonomous region often arise, with...