DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
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MOL Plc. Annual General Meeting 2013 Documents<br />
Outstanding exploration<br />
drilling success maintained,<br />
reaching 64% in 2012<br />
Exploration activities in 2012<br />
Our intensive exploration activities delivered successes in the<br />
Kurdistan Region of Iraq, Kazakhstan, Pakistan and in the CEE<br />
region.<br />
During 2012, 25 exploration wells were tested out of which 16 were<br />
successful. 13 additional wells were under or waiting for testing,<br />
while 5 wells were under drilling at the end of the period. As in<br />
previous years, we maintained our outstanding exploration drilling<br />
success rate which reached 64% in 2012.<br />
Status of exploration and appraisal wells:<br />
Exploration and appraisal<br />
wells<br />
KURDISTAN REGION OF IRAQ<br />
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Progress Comment / Test result<br />
Bijell-3 (Aqra-1)<br />
tested<br />
Drilling started on 17 January 2012, final depth reached was 4,980m in August.<br />
Testing was finished and well was classified as unsuccessful in December 2012.<br />
Bakrman-1<br />
Gulak-1<br />
Bijell-7 (Sharfuna-1)<br />
Shaikan-4<br />
Shaikan-5<br />
Shaikan-6<br />
PAKISTAN<br />
Makori East-2<br />
Mami Khel-2<br />
Maramzai-2<br />
Manzalai-10<br />
RUSSIA<br />
Surgut Ayskaya 1<br />
Surgut Atayskaya 2<br />
Prikoltogorskaye-127<br />
Kedrovskoye-105<br />
under<br />
testing<br />
under<br />
testing<br />
under<br />
drilling<br />
tested<br />
tested<br />
tested<br />
tested<br />
tested<br />
tested<br />
under<br />
drilling<br />
Bakrman-1 well was spud on 7th of May 2012, final depth reached in December<br />
was 3,930m. The Second Open Hole test of Bakrman exploration well resulted<br />
2,616 bbl oil (32-35°API) and 5.86 MMscfd (1,070 boepd) gas inflows.<br />
Gulak-1 well was spud on 15 July 2012, final depth reached was 3,640m in<br />
November 2012. The test program was finished. Due to the limited volume of<br />
oil shows resulted by the DST #4, the well will be suspended.<br />
Well was spud on 19th of December 2012. B-7 depths was 353m at the end of<br />
the December.<br />
Five out of the seven tests produced hydrocarbon inflow: Triassic Kurra Chine<br />
formation from intervall 3,010-3,030m yielded condensate 5,086 bcpd and gas<br />
7,151 mscfd. Jurassic Sargelu formation from zones 1,370-1,390 and 1,450-<br />
1,460m had inflow oil 4,580 bpd and 1,050 mscfd gas).<br />
Drilling started on 28 October 2011, drilling finished in June 2012 at 3,745m.<br />
Well test was finished and the well has been completed as a Jurassic producer<br />
with 3,420 boepd heavy oil inflow.<br />
Drilling started in December 2011, final depth reached was 3,545m in May 2012.<br />
Suspended, pending further evaluation.<br />
Drilling started on 5 July 2011, finished on 15 March 2012. Well test was<br />
finished by end May 2012. The well proved to be a gas and oil producer from<br />
multiple reservoirs. It was tied to Makori EPFand started producing on 20<br />
December, 2012. Production at 48/64” choke 23.5 mmcfd gas and 5,045 bblpd<br />
condensate, FWHP 3,949 psi.<br />
Drilling started in 11 June and finished by end of August 2012. The well proved<br />
to be a gas and condensate producer from multiple reservoirs.Completion of<br />
the well was finished by the end October 2012.Tie-in works to CPF are in<br />
progress. Production at 48/64” choke 39.3 mmcfd gas and 1,854 bblpd<br />
condensate, FWHP 3,379 psi.<br />
Drilling started in 28 June and the rig was released after successful testing and<br />
completion on 15 December 2012. Tie-in works to CPF are in progress.<br />
Production at 48/64” choke 38,4 mmcfd gas and 1,500 bblpd condensate, FWHP<br />
3,259 psi.<br />
Drilling started in 2 November 2012, with planned T.D.:3,938m. Well test is<br />
expected in Q1 2013.<br />
waiting for<br />
test<br />
Test continues with hydrofracturing of Jurassic layer and with test production<br />
as well.<br />
waiting for Test continues with hydrofracturing of Jurassic layer and with test production<br />
test as well.<br />
Drilling started on 08.04.2012. Target depth reached on 24 of June (3,365m). The<br />
waiting for well was conserved on 3 September and currently it is on waiting status.<br />
test Continuation of testing with hydrofracturing will be performed in the winter<br />
season of 2013.<br />
under<br />
testing<br />
Drilling started on 17.05.2012. Target depth reached on 20 of September was<br />
2,899m (planned: 2,960m). The well test still ongoing at the end of 2012 due to<br />
the discovery of a new interval, acquisition of new geological information and<br />
the insolvency of a drilling subcontractor<br />
13/94
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