MOL Group’s Post

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MOL E&P has successfully drilled a new appraisal oil well in Vecsés in central Hungary to further explore the oil field discovered in 2022. Test production of the Vecsés-1 well started with a production rate of 1,300 barrels per day, which will increase MOL Hungary's oil production by about 11% and Hungary's oil production by 6%. Following two successful wells drilled so far, we will soon start drilling a third well in the Vecsés oil field. "Every barrel of oil produced in Hungary contributes to reducing import dependency, so we intend to continue to maximize the potential of domestic hydrocarbon exploration," said Gyorgy Bacsa, Managing Director of MOL Hungary.

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