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MOL makes oil and gas discovery in Kazakhstan

Hungarian oil and gas group MOL has made a new crude and natural gas discovery in the Rozhkovskoye field in the Fedorovsky Block of Kazakhstan, according to Reuters.

MOL reported inflow of high-quality light crude oil and gas with maximum flow rates of 1.9 mbbl (million barrels)/day and 6 million cubic feet/day (1 mboe/day).

Reuters said that MOL has a 27.5% working interest in the Fedorovsky Block, with KazMunaiGas E&P holding a 50% stake in the block and FIOC holding 22%.

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