MOL and O&GD have found a brand new oil subject at a depth of roughly 2,400 m close to Galgahévíz, Hungary. The effectively, 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 effectively in Galgahévíz, which is a part of the “Mogyoród” concession space, on the finish of Could, and reached its goal depth of two,400 m in 37 days. Following profitable exams, the effectively 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 verify that the extra pipelines there are within the area, the extra sure it’s that there’ll all the time be sufficient power. Nonetheless, the perfect supply is all the time home, which is why MOL treats hydrocarbon exploration in Hungary as a precedence.”
Along with the joint discovery with O&GD, MOL has not too long ago found hydrocarbons in a number of areas in Hungary: drilling the Vecsés-2 in November 2022, Vecsés-1 in Could 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 gasoline” program launched in 2019.
MOL is the biggest hydrocarbon producer in Hungary, producing from almost 1,300 oil and pure gasoline wells. In 2024, MOL accounted for 47% of home oil manufacturing (almost 600,000 tonnes) and almost 80% of pure gasoline manufacturing (almost 1.5 billion cubic meters). Hungary can also be probably the most important nation in MOL Group’s oil and gasoline manufacturing portfolio, at present representing roughly 39% of the entire manufacturing. The Galgahévíz-4 effectively 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 gasoline manufacturing started in 1965. The sphere has confirmed to be the strongest and most steady pillar of Hungary’s provide safety, with almost 1,000 hydrocarbon wells drilled over time. Though recognized reserves are depleting, Algyő is important to Hungary’s power provide to today, as the sphere at present gives one-tenth of the nation’s complete pure gasoline demand and 5 % of its crude oil demand. Within the Eighties, on the peak of manufacturing, this ratio reached 70%.
As we speak, the positioning’s function is regularly remodeling consistent with sustainability and power transition: along with hydrocarbon extraction, renewable power manufacturing and storage have gotten more and more vital. Growing the share of renewable power sources alongside fossil fuels is essential for the sensible 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 power storage capability at its Algyő web site. The funding allows the MOL amenities 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.