The Mardan Khel-1 well was drilled to a depth of 4,912m in February, and tested four formations that flowed with high volumes of gas and condensate.

MOL Group exploration and production executive vice-president Alexander Dodds said: "MOL Group is extremely pleased to announce its seventh discovery in Tal Block, which we have operated since 1999.

"Pakistan is a promising and prospective country with significant remaining undeveloped resources and reserves, and MOL Group remains committed to investing in Pakistan’s oil and gas sector as our recent farm-in agreement and continued investment in the Tal block demonstrates."

The Tal block facilities currently produce 80,000 barrels of oil equivalent per day (kboepd) gas and 37kboepd of liquids.

Meanwhile, MOL has signed an agreement to acquire 30% interest in the DG Khan block in Pakistan from Pakistan Oil Fields (POL).

MOL Pakistan managing director Ákos Grósz said: "MOL Group is committed to help alleviate the energy deficits of Pakistan by efficient exploration and production enhancement through successful application of cutting-edge technologies."

Upon completion of the transaction, POL will operate the block with a 70% stake.