Bloomberg News

Mari Gas Discovers Crude Oil Reserves in Pakistan’s Karak Block

October 14, 2011

Oct. 14 (Bloomberg) -- Mari Gas Co., a Pakistani energy exploration company, discovered crude oil in Karak block on the border of the Khyber Pakhtunkhwa and Punjab provinces.

The oil was found at a depth of 5,350 meters (17,555 feet) in the Halini well, the company said in a filing to the stock exchange today. Tests indicated output of 1,700 barrels a day, it said.

Mari Gas is partially owned by Mol Pakistan Oil & Gas BV, a unit of Mol Nyrt., Hungary’s largest refiner. Mol Pakistan has a 40 percent share in the Karak block, the company said.

--Editors: John Chacko, Keith Gosman

To contact the reporter on this story: Khurrum Anis in Karachi at

To contact the editor responsible for this story: Naween Mangi at

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