Algyo is a producing conventional oil field located onshore Hungary and is operated by EMSZ Elso Magyar Szenhidrogen Koncesszios. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Szegedi Medence and Szeged IV. Buy the profile here.
Field participation details
The field is owned by MOL Hungarian Oil and Gas.
Production from Algyo
The Algyo conventional oil field recovered 99.12% of its total recoverable reserves, with peak production in 1988. The peak production was approximately 21.47 thousand bpd of crude oil and condensate and 310.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 13% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 7.50 Mmboe, comprised of 6.05 Mmbbl of crude oil & condensate and 8.70 bcf of natural gas reserves.
For more details on the Algyo Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
