MOL Group Upstream
We have more than 80 years of experience and our diverse portfolio consists of oil and gas exploration and production assets in 13 countries with production activity in 9 countries.
We are committed to the key principles of sustainable operations. We aim at zero HSE incidents and protect the environment by eliminating spills, decreasing greenhouse gas emissions and participating in the World Bank’s Zero Flaring Initiative.
2019: a year of strong performance
*Gross production number
OUTLOOK FOR 2020-2023
- Maintain strong cost discipline in an environment of volatile oil prices, and pursue efficiency to deliver competitively low unit direct production cost of ~USD 6/bbl on a current portfolio basis;
- The 2020 production guidance is around 115-120 mboepd, including ACG.
- Exploration CAPEX projects include appraisal plans on PL820 and further drillings in Norway as well as near-field exploration activities in the CEE and Pakistan. International field development activity will focus on Catcher near-field development and delivering first gas in Kazakhstan.