The partners began drilling the Galgahévíz-4 well in Galgahévíz, which is part of the “Mogyoród” concession area, at the end of May, and reached its target depth of 2,400 m in 37 days. Following successful tests, the well was put into production and is capable of producing approximately 1,000 barrels of crude oil per day. O&GD and MOL share the extracted volume in a 51%-49% ratio. The drilling was carried out by MOL’s subsidiary, Rotary Zrt., using the R-69 drilling rig.
Veolia said then the power plant “plays a crucial role in regulating and balancing the Hungarian power grid, thanks to cutting-edge technologies that make its production capacities flexible”.
State controlled MOL becomes first European company to follow Ukraine’s recommendation to start buying Russian crude on Ukraine’s eastern borders, relieving the country from direct transit deals with Russian suppliers