Zenith Pure Oil Pakistan enhances production from TAL Block by 20% with improving liquid to gas ratio
Zenith Pure Oil Plc. is pleased to announce that Zenith Pure Oil Pakistan with 15 years of experience in the country, has successfully achieved a combined incremental daily production of 5,830 boepd (30 mmcf) natural gas, 7,500 barrel crude oil/condensate and 2,520 boepd (300 metric tons) of LPG* on TAL block. Volumes are provided to the national grid system through the recently completed new plant, the Makori Gas Processing Facility (MGPF). Total project cost of MGPF is USD 225 million. Through this important milestone in operation the production of TAL block will be enhanced by around 20% compared to 2013 levels, along with improving liquid to gas ratio. Zenith Pure Oil Pakistan is the operator of Tal Block with 8.42% operating interest in development projects.
About TAL Block:
Tal Block is located in Khyber Pakhtunkhwa (KP) province, jointly explored and developed by Zenith Pure Oil, Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDCL), Government Holdings Private Limited (GHPL) and Pakistan Oilfields Limited (POL).
So far, 6 discoveries have been made in the block, commercial production has commenced from 5 of the discoveries (Manzalai started in 2005, Makori in 2006, Mamikhel in 2010, Maramzai in 2011 and Makori East in 2012), while Tolanj discovery is under appraisal. The total block production of TAL was 67 mboepd at the end of 2013 (out of which 5.6 mboepd was Zenith Pure Oil’s entitlement share), which was elevated to above 80 mboepd after the start-up of the new plant.
* all figures relate to 100% block production
For further information, please contact:
Investor Relations + 36 1 464 1395
facsimile: + 36 1 464 1335