MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December last year, oil was found at a depth of 1,250 meters. According to the results, the well located in the Somogysámson-oilfield is able to produce 1,200 barrels per day.

Zsombor Marton, Executive Vice President of MOL Group Exploration and Production said: "I am very proud to announce that, after the exploration successes of the recent years, we have once again discovered a new oil field – this time in the Transdanubian region, where we last discovered oil more than a decade ago. The fact that we achieved this success in the concession belonging to Bázakerettye, which has an almost 100-year oil industry tradition, is clear evidence that there is still potential in hydrocarbon exploration in Hungary. We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country's security of supply: with the oil deposits in Vecsés and Tura and the natural gas fields in Eastern Hungary, we have reached a 5-year peak in domestic production.”

“As a landlocked country, our oil supply is largely via pipelines and intermediaries. It is clear that we need to reduce Hungary's import dependence by all means available. We will continue our investments and will continue to do our utmost to maintain and, if possible, increase production” - Dr. György Bacsa, COO of MOL Hungary added.

The drilling of the new well in the Somogysámson oilfield, called Som-8, began on November 25, 2024, and was completed at Christmas after 33 days. Based on the well tests carried out until March 2025, the well is currently proven to be capable of producing 1,200 barrels of oil per day, which is transported by truck to the Danube Refinery in Százhalombatta.

This new discovery will also help meet the country's energy needs. MOL has ambitious investment plans in Exploration and Production. Over the next five years, the company plans to invest approximately HUF 150 billion in oil and natural gas production in Hungary.

MOL is the largest hydrocarbon producer in Hungary, producing at almost 1300 oil and natural gas wells. In 2024, MOL provided 47% of crude oil (almost 600 thousand tonnes) and nearly 90% of natural gas (nearly 1.5 billion m3) of domestic production. Hungary is the most significant in the MOL Group's oil and gas production portfolio, currently accounting for approximately 39% of total production.

The oil production of the Som-8 well is around 1200 barrels per day, accounting for about 1% of MOL Group's total hydrocarbon production.

As part of MOL Group's international portfolio, the company has oil and gas exploration and production assets in nine countries, with production in eight countries. In 2024, it produced an average of 93.8 thousand barrels of oil equivalent per day. To maintain the updated SHAPE TOMORROW strategy target of at least 90 thousand barrels per day production level over the next 5 years, the company aims to further strengthen its international portfolio and seeks additional strategic partnerships. Consequently, it has recently signed cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Türkiye (Turkish Petroleum).

About MOL Group

MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years. MOL Group operates three refineries and two petrochemical plants under integrated supply chain-management in Hungary, Slovakia and Croatia, and owns a network of almost 2400 service stations across 10 countries in Central & South-Eastern Europe. MOL’s exploration and production activities are supported by more than 85 years’ experience in the field of hydrocarbons and 30 years in the injection of CO2. At the moment, there are production activities in 8 countries and exploration assets in 9 countries.

MOL is committed to transform its traditional fossil-fuel-based operations into a low-carbon, sustainable business model and aspires to become net carbon neutral by 2050 while shaping the low-carbon circular economy in Central-and Eastern Europe.