DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
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