BAKU, Azerbaijan, February 23. Hungarian MOL Group has produced 39,100 barrels of oil equivalent per day (boe/d) of gas in the fourth quarter of 2023, as compared to 38,300 boe/d in the same period in 2022, Trend reports with reference to the company.
As such, the company’s natural gas production rose by more than 2 percent year-on-year.
The volume of gas production in 4Q stood at 22,400 boe/d in Hungary, 12,000 boe/d in Croatia, 3,200 boe/d in o/w Croatian offshore and 4,500 boe/d in Pakistan.
Overall, the company’s gas production in the financial year of 2023 stood at 37,700 boe/d, as compared to 37,900 boe/d in FY 2022, showing a 0.5 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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