MOL announces discovery in Norwegian North Sea

Deals

Hungarian oil and gas company MOL on Wednesday announced an offshore discovery in the Norwegian North Sea, state news wire MTI reports.

Preliminary evaluation of the main discovery shows recoverable resources between 12 million and 71 million barrels of oil equivalent, MOL said.

The successful test at the main discovery produced a combined oil and gas maximum flow rate of 550.6 cubic meters per day, or 3,463 barrels of oil equivalent per day, it added.

"The discovery is consistent with MOL’s stated strategy of replenishing reserves through a combination of exploration and acquisitions," the company said.

ADVERTISEMENT

IWG Announces Expansion in Hungary With 3 New Openings Analysis

IWG Announces Expansion in Hungary With 3 New Openings

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26 Int’l Relations

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26

Minister Issues Designations for 18 More Logistics Parks Logistics

Minister Issues Designations for 18 More Logistics Parks

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.