“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,” Bacsa added.
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.
Mol wants the EU and other affected nations to take part in “revitalizing” the Odesa pipeline, which the company says would also provide an alternative to Russian oil for Serbia. Hungary and Serbia are currently building a pipeline connection.
MOL Plc said it has discovered a new oil field near Somogysámson in Western Hungary.
The company found oil at a depth of (4,100 feet) 1,250 meters during exploration drilling in December 2024. According to the results, the well located in the Somogysámson oilfield is capable of producing 1,200 barrels per day, MOL said.
Production from the new well is being transported by truck to the Danube Refinery in Százhalombatta and represents approximately one percent of the MOL Group’s total hydrocarbon production, according to the release.
A new gas and condensate discovery in TAL block in Pakistan’s Khyber Pakhtunkhwa province de-risks further exploration in the block.