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Hungarian MOL Group reduces natural gas production

Oil&Gas Materials 12 November 2021 18:26 (UTC +04:00)
Hungarian MOL Group reduces natural gas production

BAKU, Azerbaijan, Nov.12

By Leman Zeynalova – Trend:

Hungarian MOL Group has lowered natural gas production from 39,900 barrels of oil equivalent per day (boe/d) in Q2 2021 to 38,700 boe/d in Q3 2021, Trend reports with reference to the company.

The company’s natural gas production in Q3 2020 was equal to 41,600 boe/d.

The volume of production in Hungary in Q3 2021 stood at 19,600 boe/d, in Croatia 13,300 boe/d, Croatian offshore 3,100 boe/d, in UK 700 boe/d and in Pakistan 5,100 boe/d.

The company’s condensate production amounted to 4,700 boe/d, including 2,600 boe/d in Hungary, 900 boe/d in Croatia and 1,200 boe/d in Pakistan.

MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary. It has operations in over 30 countries and employs 26,000 people worldwide. MOL’s exploration and production activities are supported by 80 years’ experience in the hydrocarbon field.

The Company’s share capital amounts to HUF 102,428,682,578 represented by 819,424,824 pieces registered ordinary shares of the series “A” with a par value of HUF 125 and 578 pieces registered ordinary shares of the series “C” with a par value of HUF 1,001 and one piece registered voting preference share of the series “B” with a par value of HUF 1,000 that entitles the holder thereof to preferential rights as specified in the present Articles of Association. The "B" series share is owned by the Hungarian government.

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