MOL has found a brand new oil area close to Somogysámson in Western Hungary. Through the exploration drilling carried out in December 2024, oil was discovered at a depth of 1,250 meters. In response to the outcomes, the nicely has potential to supply 1,200 bpd.
“I’m very proud to announce that, after exploration success in recent times, we now have once more found a brand new oil area – this time within the Transdanubian area, the place we final found oil greater than a decade in the past,” stated Zsombor Marton, Government Vice President of MOL Group Exploration and Manufacturing. “The truth that we achieved this success within the concession belonging to Bázakerettye, which has an virtually 100-year oil trade custom, is obvious proof that there’s nonetheless potential in hydrocarbon exploration in Hungary. We’re discovering beforehand unknown hydrocarbon deposits one after the opposite and additional strengthening the nation’s safety of provide: with the oil deposits in Vecsés and Tura and the pure fuel fields in Jap Hungary, we now have reached a five-year peak in home manufacturing.”
“As a landlocked nation, our oil provide is basically through pipelines and intermediaries,” added Dr. György Bacsa, COO of MOL Hungary. “It’s clear that we have to scale back Hungary’s import dependence by all means out there. We’ll proceed our investments and can do our utmost to keep up and, if doable, improve manufacturing.”
The drilling of the brand new nicely within the Somogysámson oilfield, referred to as Som-8, started on November 25, 2024, and was accomplished after 33 days. Based mostly on the nicely checks carried out previous to March 2025, the nicely is at present confirmed to be able to producing 1,200 bpd, which is transported by truck to the Danube Refinery in Százhalombatta.
This new discovery may even assist meet the nation’s vitality wants. MOL has bold E&P funding plans. Over the subsequent 5 years, the corporate plans to take a position roughly HUF 150 billion in oil and pure fuel manufacturing in Hungary.
MOL is the most important hydrocarbon producer in Hungary, producing at virtually 1,300 oil and pure fuel wells. In 2024, MOL offered 47% of crude oil (virtually 600,000 tonnes) and practically 90% of pure fuel (practically 1.5 billion m3) of home manufacturing. Hungary is essentially the most vital within the MOL Group’s oil and fuel manufacturing portfolio, at present accounting for roughly 39% of complete manufacturing.
The oil manufacturing of the Som-8 nicely is round 1200 bpd, accounting for about 1% of MOL Group’s complete hydrocarbon manufacturing.
As a part of MOL Group’s worldwide portfolio, the corporate has oil and fuel exploration and manufacturing property in 9 nations, with manufacturing in eight nations. In 2024, it produced a median of 93.8 thousand barrels of oil equal per day (boed). To keep up the up to date SHAPE TOMORROW technique goal of not less than 90,000 bpd manufacturing degree over the subsequent 5 years, the corporate goals to additional strengthen its worldwide portfolio and seeks extra strategic partnerships. Consequently, it has not too long ago signed cooperation agreements with the nationwide oil firm of Kazakhstan (KazMunayGas), the nationwide oil firm of Azerbaijan (SOCAR), and the nationwide oil firm of Türkiye (Turkish Petroleum).
Picture: MOL Group