MOL Group Upstream
We have more than 85 years of experience and our diverse portfolio consists of oil and gas exploration and production assets in 10 countries with production activity in 8 countries.
We are committed to the key principles of sustainable operation. We strive for zero HSE incidents and protection of the environment by eliminating spills, decreasing greenhouse gas emissions and participating in the World Bank’s Zero Flaring Initiative.
2021: A YEAR OF REVIVAL
OUTLOOK FOR 2021-2025 based on 2030+ Strategy
Segment level production to be delivered within the range of 90-110 MBOEPD
Keep unit direct production cost in the competitively low range of USD 6-8/boe
Pursue production optimization and efficiency to manage decline in CEE region
Look for Carbon Capture, Utilization and Storage (CCUS) opportunities to leverage geological knowledge of the Pannonian basin and become a leading player in CEE
Further improve quality and cash delivery of the international portfolio and follow opportunistic approach in inorganic growth