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MOL said the Galgahévíz-4 well is capable of producing approximately 1,000 barrels of crude oil per day, which will be processed at the Danube Refinery in Százhalombatta.
O&GD and MOL share the extracted volume in a 51%-49% ratio.
“The new deposit contributes significantly to Hungary’s security of supply, as domestic production reduces import dependency. Uncertainties surrounding supply routes also confirm that the more pipelines there are in the region, the more certain it is that there will always be enough energy. However, the best source is always domestic, which is why MOL treats hydrocarbon exploration in Hungary as a priority,” managing director of MOL Hungary György Bacsa said.
MOL is the largest hydrocarbon producer in Hungary, producing from almost 1,300 crude oil and natural gas wells.
The Galgahévíz-4 well contributes about 4% to MOL’s Hungarian crude oil production and approximately 0.5% to MOL Group’s hydrocarbon production.
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