The government is mitigating the effects of the energy crisis and increasing domestic gas production. The Corvinus project of the unconventional Nyékpuszta natural gas field in Békés county has been declared a priority investment.
With the accelerated regulatory approval, the first well could be in production by January 2023. The Corvinus project aims to explore and produce natural gas and condensate (light oil) in the natural gas field, located at a depth of 3,700 to 4,500 meters.
The joint venture with MVM is then expected to drill a number of additional wells and develop associated gas infrastructure in the region. The entire Corvinus project, which is scheduled for the next 5 years, could make a major contribution to covering annual domestic gas consumption. Local companies are involved in the mining activities.