14 Articles
14 Articles
New Oil Field Discovered in Hungary
The Hungarian oil company MOL has discovered a new crude oil field in Western Hungary, near the village of Somogysámson in Somogy County. According to MOL’s press release published on Tuesday, 18 March, the company was doing discovery drilling in the region last December when it hit a new oil deposit 4,100 feet (1,250 metres) below the ground. The new deposit is able to produce up to 1,200 barrels a day. That is a remarkable 5.5 per cent additio…
MOL discovered a new oil field in Hungary
MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According to the results, the well located in the Somogysámson-oilfield is able to produce 1,200 barrels per day. Zsombor Marton, Executive Vice President of MOL Group Exploration and Production said: “I am very proud to announce that, after the exploration successe…
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