A recent joint discovery between the MOL Group and the Hungarian company O&GD marks a key step forward for energy energy security security for Hungary. It is a new oil well, called Galgahévíz-4, located in the north of the country, within the concession area called “Mogyoród”, which started drilling at the end of May and reached its target depth of 2,400 meters in just 37 days.
The Galgahévíz-4 oil well and its operational impact
Drilling was carried out by Rotary Zrt., a subsidiary of MOL, using the R-69 rig. Following successful testing, daily production was estimated at approximately 1,000 barrels of crude oil, which will be transported to the Danube refinery in Százhalombatta for processing. The extracted volume is split between O&GD and MOL in a ratio of 51% to 49% respectively.
This finding is of strategic value for the country’s energy supply. Domestic production reduces dependence on imports and provides greater stability in a volatile geopolitical context.
The more pipelines there are in the region, the greater the certainty that there will be no shortage of energy. But the best source is always domestic
MOL Hungary operations director Dr. György Bacsa said.
Continuity of the exploration strategy
The MOL Group has intensified its exploration activity on Hungarian soil. In recent years it has completed successful drilling in wells such as Vecsés-1, Vecsés-2 and Vecsés-3, in addition to recent operations in the Transdanubia region. The company is also driving the “shallow gas” program from 2019, with 25 productive drilling.
The Galgahévíz-4 well will contribute 4% of MOL’s total crude oil production in Hungary, which represents 0.5% of the group’s global hydrocarbon volume. MOL currently operates about 1,300 oil and natural gas wells in the country and concentrates about 39% of its total production on Hungarian territory.
Exploration moving towards transition
Although the focus remains on hydrocarbons, MOL has also begun to transform its facilities to integrate renewable energies. renewable energies. At the historic Algyő field, the company is developing a 37.4 MWp solar farm together with a 40 MWh electrical storage system, which will reduce up to 13,000 tons of CO2 emissions annually.
This new discovery in Galgahévíz adds to the efforts to strengthen energy supply from within the country, consolidating Hungary as a regional hub of sustainable and safe production.
Source and photo: MOL Group
