BAKU, Azerbaijan, May 17. Hungarian MOL Group has produced 38,500 barrels of oil equivalent per day (boe/d) of gas in the first quarter of 2024, as compared to 38,400 boe/d in the same period in 2023, Trend reports with reference to the company.
As such, the company’s natural gas production rose by around 0.3 percent year-on-year.
The volume of gas production in 1Q stood at 22,200 boe/d in Hungary, 11,600 boe/d in Croatia, 3,000 boe/d in o/w Croatian offshore and 4,600 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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