Hungary's MOL sees Pakistan gas output jump by Dec

Wed Nov 11, 2009 11:50am GMT
 
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* Output from Tal block to more than double by December

* New drilling at blocks in Margala next year

By Augustine Anthony

ISLAMABAD, Nov 11 (Reuters) - Hungarian oil and gas firm MOL MOLB.BU on Wednesday said production from the Tal block natural gas field in northwest Pakistan would more than double to 250 million cubic feet per day by December.

MOL on Wednesday inaugurated a central gas processing facility to collect natural gas and condensate from seven wells the company has drilled in the Tal block it operates.

Current production from the field in Pakistan's North West Frontier Province, where the Taliban has been active since 2007, is 120 million cubic feet per day.

"Tal Block will be supplying 250 million cubic feet of gas and 4,280 barrels of condensate per day," MOL's Chief Executive Officer Gyorgy Mosonyi told a news conference.

MOL, the field's operator, has made four commercial discoveries there since 2002, the latest of which came in October. MOL expects further drilling will increase gas supply to 300 million cubic feet per day by 2013, Mosonyi said.  Continued...

 

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