Back in 1999, a mole appeared in the Tal research area in northern Pakistan. When the Hungarian Oil and Gas Company arrived, there was no oil or natural gas production in the area in question.
“Basically, the goal was to export the geological knowledge of Hungarian experts. If we fast forward 25 years to the current discovery, we can say that this is the 14th natural gas field we have discovered.” In information radio Adam Homonay, Group Operations Manager at Mol Research & Production.
Last year, our production in the region amounted to 2.5 billion cubic meters of natural gas. For comparison: domestic residential gas consumption in Hungary is about 3 billion cubic meters.
He pointed out that “Mall Company owns a 10 percent stake in this field, but we are dealing with the matter from a technical standpoint.”
According to the expert, the newly discovered areas represent an annual surplus of 100-200 million cubic meters of gas production, which means that they can provide an increase of 5-10 percent compared to the current amount. From this, gas will be supplied to the Pakistani people, as the country with a population of about 240 million has a great need for energy. Thus, among other things, it is also a significant importer of natural gas, and as a result, all the gas produced there is very important.
MOL's total production – of crude oil and natural gas in total – is approximately 90,000 barrels of oil equivalent per day, of which the Pakistani subsidiary produces 6,000 barrels of oil equivalent per day.
MOL Pakistan makes a significant contribution to Pakistan’s energy security, being the country’s fifth largest gas producer with an output of nearly 44,000 barrels per day, but the company is also the country’s second largest condensate producer and second largest LPG producer.
