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Monday, January 24, 2011

MOL Pakistan suspends operations on Maramzai oil and gas well

Source Daily Times

MOL Pakistan has immediately suspended production operations on the Maramzai oil and gas well after its convoy was ambushed near Kohat last evening.


In a statement issued here, the management of MOL with profound grief announced the death of six persons including four FC guards, one contractor driver and one local labour as its convoy was ambushed by unknown miscreants on the way back to Central Processing Facility (CPF) from Maramzai site on Thursday evening.

The miscreants also abducted two people one driver and one specialist from contractor as one guard sustained injuries when firing ensued.

MOL Pakistan has immediately suspended production operations on the Maramzai due to security concerns resulting in suspension of 40 MMSCFD gas and 1600 barrel oil per day production and has withdrawn all personnel from the well site forthwith in order to avoid any further human loss.

Janos Feher, Managing Director of the company in his condolence message to all company employees and bereaved families expressed profound grief over this unfortunate development. “We all wish we could undo what happened and bring those back who embraced martyrdom in the line of duty,” he said. The Managing Director stated a strong demand has been put forward to the federal and provincial government to provide safe and secure working conditions and requested the government to take all necessary measures for the timely release of abductees.

On October 15, 2009, MOL announced that it had made a new (forth) discovery of gas and condensate on Maramzai-1 well in the Tal Block, located in the Northern Western Frontier Province of Pakistan. The production of Maramzai-1 well is 1.1 million cum/day (38.3 MMscfd; 6.4 th boe/day) gas and 228 cum/day (1,434 bbl/day) condensate at 220 bar (3,197 psig) flowing wellhead pressure through 48/64” choke. The production rates can improve further after acid stimulation of two limestone reservoirs in the well. After that the consortium will be conducting further extended tests to evaluate the size and economic potential of the reserves. Further information will be provided in due course.



Hydrocarbon exploration has been carried out in this block since 1999 by a consortium of companies including Oil and Gas Development Co. Ltd (OGDCL), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Ltd (POL) and Government Holdings (Pvt.) Ltd (GHPL) with MOL as an Operator of this Joint Venture. MOL has a 10% interest in the consortium.



Exploration activity resulted in the first discovery (Manzalai-1 well) in December 2002. After seismic acquisitions performed in 2003 the consortium decided to drill a new exploratory well (Makori-1 well) in 2004. The drilling was successful; MOL announced the discovery in January 2005. MOL made its third discovery of gas and condensate in the Tal Block (Mami Khel-1 well) in March 2008.



Zoltán Áldott, Exploration and Production Executive Vice President of MOL had termed this as “This discovery has further strengthened our confidence in the potential of the Tal block, which already is seen as a major source of energy for Pakistan in the future. Due to the already existing infrastructure this well will be put on production on a fast track by summer 2010.”

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