MOL bags stakes in Pakistan, Oman fields

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Luke Johnson

 14 March 2013 20:48 GMT

Hungarian explorer MOL said it has signed a pair of deals with Mari Petroleum for stakes in fields in Pakistan and Oman.

Under the deals, MOL will acquire a 30% interest in the Ghauri block of Pakistan and a 25% interest in Oman's Block 43B, which MOL already operates. The increased stake in Block 43B will raise MOL's interest to 100%.

The company has already spudded a wildcat on Block 43B and test results are expected in the third quarter of this year.

Mari will retain operatorship of the Ghauri block with a 35% stake. Pakistan Petroleum Ltd owns the other 35%.

The Ghauri block is in its initial exploration phase and the partners plan to…

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