ISLAMABAD: The Mari Petroleum Company Limited (MPCL) announced on Friday to have discovered reserves of crude oil, condensate and natural gas in its Karak Block’s Kalabagh Well in Mianwali.
In a statement issued here, the company said the hydrocarbon deposit was found in Kalabagh-1A ST1 Well. The Karak Joint Venture is operated by MPCL which holds 60 per cent working interest and the MOL of Hungary with 40 per cent share.
Also read: Large reserves of crude oil found in Sindh
The discovery is the company’s second success in the block, after its first major crude oil discovery at Halini Well-1 in 2011.
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