news letter Our mobile application

Weekly newsletter

MOL Announces Discovery in Norwegian North Sea

MTI-Hungary Today 2020.03.18.

Hungarian oil and gas company MOL on Wednesday announced an offshore discovery in the Norwegian North Sea.

Preliminary evaluation of the main discovery shows recoverable resources between 12 million and 71 million barrels of oil equivalent, MOL said.

The successful test at the main discovery produced a combined oil and gas maximum flow rate of 550.6 cubic metres per day, or 3,463 barrels of oil equivalent per day, it added.

“The discovery is consistent with MOL’s stated strategy of replenishing reserves through a combination of exploration and acquisitions,” the company said.

Featured photo illustration by