MOL Group and its partner O&GD have discovered a new oil field at a depth of approximately 2,400 meters near Galgahévíz, Hungary. The well, named Galgahévíz-4, is capable of producing approximately 1,000 barrels of crude oil per day, which is processed at the Danube Refinery in Százhalombatta.

The partners began drilling the Galgahévíz-4 well in Galgahévíz, which is part of the “Mogyoród” concession area, at the end of May, and reached its target depth of 2,400 meters in 37 days. Following successful tests, the well was put into production and is capable of producing approximately 1,000 barrels of crude oil per day. O&GD and MOL share the extracted volume in a 51%-49% ratio. The drilling was carried out by MOL’s subsidiary, Rotary Zrt., using the R-69 drilling rig.

“The new deposit contributes significantly to Hungary’s security of supply, as domestic production reduces import dependency. Uncertainties surrounding supply routes also confirm that the more pipelines there are in the region, the more certain it is that there will always be enough energy. However, the best source is always domestic, which is why MOL treats hydrocarbon exploration in Hungary as a priority,” said Dr. György Bacsa, Chief Operating Officer of MOL Hungary.

In addition to the joint discovery with O&GD, MOL has recently discovered hydrocarbons in several locations in Hungary: drilling the Vecsés-2 in November 2022, Vecsés-1 in May 2024, and Vecsés-3 in November 2024 proved successful. In March 2025, MOL discovered oil in the Transdanubia region, near Somogysámson. In addition, it completed 25 successful drillings as part of the “shallow gas” program launched in 2019.

MOL is the largest hydrocarbon producer in Hungary, producing from nearly 1,300 oil and natural gas wells. In 2024, MOL accounted for 47% of domestic oil production (nearly 600,000 tonnes) and nearly 80% of natural gas production (nearly 1.5 billion cubic meters). Hungary is also the most significant country in MOL Group’s oil and gas production portfolio, currently representing approximately 39% of the total production. The Galgahévíz-4 well contributes approximately 4% to MOL’s crude oil production in Hungary.