A week ago, MOL announced that they had discovered a significant amount of oil at a depth of 2,100 meters near Budapest.Continue reading
Hydrocarbon prospecting in the Üllő area of the Dány concession zone looks promising, Ádám Homonnay, director of exploration and production at Hungarian oil and gas company MOL, revealed on Monday at the presentation of a 3D seismic survey. Meanwhile, the company’s shallow gas extraction program in Eastern Hungary is proceeding successfully as well.
MOL is prospecting for hydrocarbons on about 30 square kilometers in Üllő, near Budapest, with the measurements, which started at the end of February, nearing completion. During a press tour to present the survey, it was said that
the area is most likely to contain oil, not natural gas.
At the event, MOL experts explained that they are mapping the underground area with measurements as part of the exploration process.
The data obtained will be processed and evaluated in order to ascertain the potential of the area, after which drilling will take place. Ádám Homonnay said that in the Üllő area, the data processing will take three months and the evaluation another three to six months, so drilling could probably take place at the end of this year at the earliest.
The director pointed out that the oil discovery in the town of Vecsés last November has enhanced the value of the area near Üllő, and they expect that there is a chance of finding oil here as well. Vecsés is located just next to Üllő, and the Hungarian company has discovered a significant amount of oil at a depth of 2,100 meters there. The new well was put into production on November 11, and started with a production of 600 barrels per day. Its planned production of 700 to 1,000 barrels per day will increase MOL’s oil production by about 10 percent, and Hungary’s by five percent.
Homonnay also informed the press that MOL’s shallow gas extraction program is proceeding successfully, with a presentation of the work on the R-69 drilling rig in Monostorpályi, in Hajdú-Bihar county in eastern Hungary. He highlighted that this is their fourth promising well, having previously drilled three successful shallow gas wells in Eastern Hungary, adding that
the three new wells can meet the gas needs of 20,000 average family homes for a few years, while the new well on the outskirts of Monostorpályi, which is scheduled to come on stream later this year, will further supply gas to 7,000 homes.
The director pointed out that the shallow gas program was launched in 2019, with new technology to extract gas from layers closer to the surface, from depths of 1,500 to 2,000 meters. The shallow gas program is also successfulm because modern seismic techniques provide data that can be used in the office to pinpoint with high accuracy where gas is recoverable, he said, explaining that this has resulted in 16 successful wells out of 18 drilled in recent years.
MOL is now putting an increasing emphasis on domestic oil and gas exploration in light of the recent energy gas. As omonnay stressed, in Hungary, shallow gas accounts for about five percent of the 1.4 billion cubic meters of gas currently produced annually, and exploration is ongoing to ensure the country’s secure gas supply.
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