The Hungarian Ministry of Energy has reported that state-owned MVM Group is drilling its tenth well in the gas fields of eastern Hungary. The Ministry’s statement highlighted that the deepening of the fourth new well in the Sarkad area has been completed and is currently undergoing testing, while drilling for an additional well has just commenced.
Since February 2023, four wells in Nyekpuszta have been put into production, collectively extracting over 100 million cubic meters of natural gas and 135,000 cubic meters of light crude oil. Additionally, MVM drilled four wells in Berettyoujfalu by February this year. The first well began production in June, yielding 4 million cubic meters of natural gas, with the second well currently in the testing phase.
Domestic gas consumption in Hungary has decreased from pre-crisis levels of 10-11 billion cubic meters per year to around 8 billion cubic meters. The Hungarian Government’s strategy aims to bolster the country’s energy sovereignty and enhance the security of supply for domestic consumers by increasing the utilization of locally available resources.
