Pakistan Oilfields Limited (POL) announced a significant hydrocarbon discovery at the Makori Deep-03 development well, located in the TAL block in Karak district, Khyber Pakhtunkhwa, on Thursday.

The exploration and production (E&P) company disclosed the development in a notice to the Pakistan Stock Exchange (PSX). According to the notice, POL expressed satisfaction with the findings, stating, “We are pleased to announce that, as per information received from MOL (the operator of the TAL Block), a significant quantity of hydrocarbons has been encountered from the development well, Makori Deep-03.”

POL holds a 25% pre-commerciality working interest in the TAL block. The drilling of the Makori Deep-03 well commenced on December 12, 2024, reaching a total depth of 3,887 meters. Upon completion, the well demonstrated promising results, flowing 22.08 million standard cubic feet (MMSCF) of gas per day, along with 2,112 barrels of condensate and 15 barrels of water per day, at a flowing wellhead pressure of 4,744 psi from the Lockhart formation.

POL indicated that the well is expected to be connected to the production line within two months.

The TAL joint venture includes several partners: OGDCL with a 30% working interest, MOL Pakistan Oil & Gas Co. B.V. (the operator) with 10%, PPL with 30%, POL with 25%, and Government Holdings Private Limited (GHPL) with 5%. Notably, MOL Group is a multinational oil and gas company headquartered in Budapest, Hungary.