The MVM Group launched a new natural gas exploration and production investment in the Berettyóújfalu region (Hajdú-Bihar County) at the end of last year. The first well has now been put into operation, located at a depth of 2,625 meters. Three more wells are being drilled and tested at this location.
Another major domestic project of the energy company has been in production since February 2023. So far, four wells have been drilled in the Nyékpuszta field near Sarkad (Békés county), from which 73 million cubic meters of natural gas and 96,000 cubic meters of crude oil (condensate) have been produced. Together with the existing wells, up to ten wells could be drilled at the two locations by the end of 2024.
The MVM Group is also expanding its natural gas production activities internationally. The company recently signed an agreement to acquire a 5 percent stake in one of the world’s largest deepwater gas fields, Shah Deniz in Azerbaijan.