A large oil field has been discovered in Hungary

A new oil field capable of producing about 1 thousand barrels per day was found at a depth of 2.4 thousand meters in the north of Hungary near the city of Galgaheviz. This was reported on September 10 on the website of the oil and gas company MOL.

"MOL and O&GD companies have discovered a new oil field ... the Galgaheviz-4 well is capable of producing about 1 thousand barrels of crude oil per day," the statement said.

The extracted raw materials, the total volume of which MOLGROUP shares with another organization O&GD in the ratio of 51-49%, will be processed at the Danube Oil Refinery in Sazhalombatta.

The text emphasizes that the discovered deposit will contribute to ensuring the country's independence from imports in conditions of uncertainty of its receipt routes, Izvestia clarifies.