MOL discovered a new oil field in Western Hungary

The drilling of the new well in the Somogysámson oilfield, called Som-8, began on November 25, 2024, and was completed at Christmas after 33 days. Based on the well tests carried out until March 2025, the well is currently proven to be capable of producing 1,200 barrels of oil per day, which is transported by truck to the Danube Refinery in Százhalombatta.

This new discovery will also help meet the country's energy needs. MOL has ambitious investment plans in Exploration and Production. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary.

MOL is the largest hydrocarbon producer in Hungary, producing at almost 1300 oil and natural gas wells. In 2024, MOL provided 47% of crude oil (almost 600 thousand tonnes) and nearly 90% of natural gas (nearly 1.5 billion m3) of domestic production. Hungary is the most significant in the MOL Group's oil and gas production portfolio, currently accounting for approximately 39% of total production.

The oil production of the Som-8 well is around 1200 barrels per day, accounting for about 1% of MOL Group's total hydrocarbon production.

As part of MOL Group's international portfolio, the company has oil and gas exploration and production assets in nine countries, with production in eight countries. In 2024, it produced an average of 93.8 thousand barrels of oil equivalent per day. To maintain the updated SHAPE TOMORROW strategy target of at least 90 thousand barrels per day production level over the next 5 years, the company aims to further strengthen its international portfolio and seeks additional strategic partnerships. Consequently, it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Türkiye (Turkish Petroleum).

www.molgroup.info