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MOL and O&GD have found a brand new oil subject at a depth of roughly 2,400 m close to Galgahévíz, Hungary. The properly, named Galgahévíz-4, is able to producing roughly 1,000 bopd, which is processed on the Danube Refinery in Százhalombatta.
Picture: MOL Group
The companions started drilling the Galgahévíz-4 properly in Galgahévíz, which is a part of the “Mogyoród” concession space, on the finish of Might, and reached its goal depth of two,400 m in 37 days. Following profitable exams, the properly was put into manufacturing and is able to producing roughly 1,000 barrels of crude oil per day. O&GD and MOL share the extracted quantity in a 51%-49% ratio. The drilling was carried out by MOL’s subsidiary, Rotary Zrt., utilizing the R-69 drilling rig.
“The brand new deposit contributes considerably to Hungary’s safety of provide, as home manufacturing reduces import dependency,” stated Dr. György Bacsa, COO of MOL Hungary. “Uncertainties surrounding provide routes additionally affirm that the extra pipelines there are within the area, the extra sure it’s that there’ll at all times be sufficient vitality. Nonetheless, the very best supply is at all times home, which is why MOL treats hydrocarbon exploration in Hungary as a precedence.”
Along with the joint discovery with O&GD, MOL has lately found hydrocarbons in a number of places in Hungary: drilling the Vecsés-2 in November 2022, Vecsés-1 in Might 2024, and Vecsés-3 in November 2024 proved profitable. In March 2025, MOL found oil within the Transdanubia area, close to Somogysámson. As well as, it accomplished 25 profitable drillings as a part of the “shallow fuel” program launched in 2019.
MOL is the biggest hydrocarbon producer in Hungary, producing from almost 1,300 oil and pure fuel wells. In 2024, MOL accounted for 47% of home oil manufacturing (almost 600,000 tonnes) and almost 80% of pure fuel manufacturing (almost 1.5 billion cubic meters). Hungary can be probably the most vital nation in MOL Group’s oil and fuel manufacturing portfolio, at the moment representing roughly 39% of the full manufacturing. The Galgahévíz-4 properly contributes roughly 4% to MOL’s crude oil manufacturing in Hungary.
The brand new discovery coincides with the sixtieth anniversary of the Algyő subject, the place oil and pure fuel manufacturing started in 1965. The sector has confirmed to be the strongest and most steady pillar of Hungary’s provide safety, with almost 1,000 hydrocarbon wells drilled through the years. Though identified reserves are depleting, Algyő is important to Hungary’s vitality provide to at the present time, as the sector at the moment gives one-tenth of the nation’s complete pure fuel demand and 5 % of its crude oil demand. Within the Eighties, on the peak of manufacturing, this ratio reached 70%.
In the present day, the positioning’s function is steadily remodeling in step with sustainability and vitality transition: along with hydrocarbon extraction, renewable vitality manufacturing and storage have gotten more and more essential. Growing the share of renewable vitality sources alongside fossil fuels is essential for the good inexperienced transition, which is likely one of the key parts of MOL Group’s long-term SHAPE TOMORROW technique. To this finish, MOL is constructing a 37.4 MWp photo voltaic park and an related electrical energy storage system with 40 MWh vitality storage capability at its Algyő web site. The funding allows the MOL services in Algyő to attain electrical energy independence, considerably improves the pliability of the electrical energy provide, and reduces the positioning’s CO2 emissions by 13,000 tonnes per yr.
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