Gorgeteg-Babocsa is a producing conventional gas field located onshore Hungary and is operated by MOL Hungarian Oil and Gas. The field is located in block Babocsa IV and Babocsa III.
Field participation details
The field is owned by MOL Hungarian Oil and Gas.
Production from Gorgeteg-Babocsa
The Gorgeteg-Babocsa conventional gas field recovered 21.40% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2088. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1.21 Mmboe, comprised of 7.27 bcf of natural gas reserves.
About MOL Hungarian Oil and Gas
MOL Hungarian Oil and Gas PLC (MOL) is an integrated oil and gas company. It explores, develops and produces crude oil, natural gas and other gas products. The company also offers various services, including natural gas transmission and storage, fleet management, oilfield services, car and bike sharing, mobility solutions, rental services, real estate management, and maintenance services. It also refines, transports and stores crude oil; and markets crude oil products on wholesale and retail basis, and produces and sells petrochemicals. The company has exploration and production operations in Kurdistan region of Iraq, Russia, Kazakhstan, Pakistan, Egypt and other countries in Central-Eastern Europe and Africa. It operates crude oil refineries and petrochemical plants in Hungary, Slovakia and Croatia. The company also owns a network of service stations in Central and South-Eastern Europe. MOL is headquartered in Budapest, Hungary.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.