All about finance.

Substantial amount of hydrocarbon found in Karak

Major hydrocarbon find announced in the nation: Successful testing confirms significant oil or gas discovery in the country's territory.

, and Administrator

2025 June 28 . 2:30 PM

2 min read

Unveiled: noteworthy hydrocarbon deposit found in Karak region

Substantial amount of hydrocarbon found in Karak

Hell Yeah, Pakistani Soil Strikes Again! 🇵🇰

KARACHI: Buckle up, folks! It's time to celebrate—Pakistan's got a brand-new hydrocarbon discovery up its sleeve! We're talking about the Makori Deep-3 Development Well, nestled within the TAL Joint Venture in the Karak District, Khyber Pakhtunkhwa Province. This baby is run by MOL Pakistan, a Hungarian powerhouse.

The drilling for this well commenced on December 12, 2024, and it dug its way to a whopping 3,887 meters deep. And boy, it didn't disappoint! Upon completion, it demonstrated some serious flow rates from the Lockhart Formation. Here's the quick lowdown: 22.08 million standard cubic feet of gas per day (MMSCFD) and 2,112 barrels of liquid gold—condensate—every single day! Plus, a modest 15 barrels of water daily. All that, with a 32/64 inch fixed choke size at a wellhead flowing pressure of 4,744 psi.

Makori Deep-3: The Shewa Discovery's Big Brother

Now, if you're into oil and gas, you'll be stoked to know that both Oil and Gas Development Company Limited (OGDCL) and Pakistan Oilfields Limited (POL) have a piece of the pie when it comes to this discovery. OGDCL holds a 27.763 percent working interest in the development phase, while POL snagged a 25 percent pre-commerciality working interest in the TAL Block.

This Makori Deep-3 discovery is predicted to be a game-changer for Pakistan's energy reserves and, consequently, its energy security. As of now, POL aims to connect the well to the production line in just two months.

Official Word on the Streets

And here's the juicy part—the information about this groundbreaking discovery was disseminated among the members of the Pakistan Stock Exchange Limited, following compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange Limited Regulations. You heard it right! Both companies have officially notified the Pakistan Stock Exchange Limited, with copies also sent to the Securities & Exchange Commission of Pakistan.

So there you have it! The Makori Deep-3 well is looking pretty darn promising, with confirmations of commercial quantities of gas and condensate ready to flood our energy production capacity. Get ready to see that production capacity skyrocket, driving our region and Pakistan forward! 💥🇵🇰💥

[1] Info 1 Source[2] Info 2 Source[3] Info 3 Source[4] Info 4 Source[5] Info 5 Source

The exciting discovery at Makori Deep-3 has sparked significant interest in the finance sector, as investors anticipate the potential impact on Pakistan's energy index within the broader oil-and-gas industry.
MOL Pakistan's recent success with the Makori Deep-3 Development Well could pave the way for an influx of foreign investment in the country's oil-and-gas sector, creating opportunities for growth and development.
As Pakistan's energy reserves and security improve with discoveries like Makori Deep-3, the country's financial industry stands to benefit, with increased productivity and potential for economic growth in the energy sector.