BAKU, Azerbaijan, November 14. Hungarian MOL Group has produced 35,800 barrels of oil equivalent per day (boe/d) of gas in the third quarter of 2023, as compared to 38,000 boe/d in the same period in 2022, Trend reports with reference to the company.
As such, the company’s natural gas production dropped by 5.8 percent year-on-year.
The volume of gas production in 3Q stood at 20,500 boe/d in Hungary, 11,000 boe/d in Croatia, 3,300 boe/d in o/w Croatian offshore and 4,400 boe/d in Pakistan.
Overall, the company’s gas production stood at 111,900 boe/d in the first nine months of 2023, as compared to 113,200 boe/d in the same period in 2022, showing a 1.1 percent decrease.
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.
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