The Vecsés oil field is significant

He found a significant amount of petroleum at the border of Mol Vecsés, at a depth of 2100 meters, which was also reported in our newspaper. In July, the oil company began exploratory drilling in the area, where a previously unknown oil field was discovered. In 2015, Mol won the research concession for the area around Vecsés. The drilling, which began in July, lasted 31 days and reached a depth of 2,100 meters. During the necessary well tests, it was found that the crude oil is suitable for economic use, so the well was put into production on November 11 – presented by Világgazdaság.

Tamás Pletser, the oil and gas industry analyst of Erste Befektetési Zrt., told our newspaper that there is lighter crude oil in the Great Plains region, while heavier crude oil similar to the Urals can be found in the Zala region, and Mol Százhalombatta can process all of them. He also indicated that, regarding the amount of raw material found in the border of Vecsés, Mol stated that it could be extracted at first 700, then 800-1000 barrels per day. an oil company carries out extraction.

Although it is not yet known more precisely, according to Tamás Pletser, the oil field found on the border of Vecsés can ensure production for 10-15 years.

Olivér Hortay, head of the energy and climate policy business at Századvég Konjunktúrakutató Zrt., told us that Hungary’s daily crude oil needs are one hundred and fifty thousand barrels. Within this, domestic extraction represents a share of twenty thousand barrels.

The crude oil from Vecsés represents a significant share of the domestic supply, but at the same time, it cannot meet the import requirement of one hundred and thirty thousand barrels, he pointed out.

Mol is the largest hydrocarbon producer in Hungary: last year, the company provided approximately half of the domestic production of crude oil (three and a half million barrels) and approximately ninety percent of natural gas.

Cover image: MOL’s Vecsés oil well in operation (Source: MOL)

Source: Magyar Nemzet by

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