Hungarian oil and gas company MOL, in collaboration with O&GD, has discovered a new oilfield near the village of Galgahévíz, close to Budapest in Hungary. Located at a depth of 2,400m, the Galgahévíz-4 well is set to yield around 1,000 barrels of oil per day (bopd). MOL plans to process the output at its Danube Refinery in Százhalombatta, as stated in a recent announcement. The production from the site will be divided between MOL and O&GD, with a 49% and 51% sharing arrangement, respectively. The new G ...