O&GD is an independent oil and gas exploration and production company operating in Hungary. The company focuses on identifying, appraising, and developing onshore hydrocarbon resources and bringing crude oil and associated gas to market.
Working through exploration licenses and joint ventures with regional partners, O&GD undertakes geological surveying, drilling, and field development, with output integrated into domestic infrastructure and refineries. Its activities support Hungary’s upstream supply and the broader Central European energy and petrochemical value chain.
Buys 51% stakes in three Central Hungary concessions (~0.7 mboepd) plus Eastern Hungary assets (~0.2 mboepd), adding ~0.9 mboepd to group production; closing Q3 2026, subject to approvals.
A new oil field near Galgahévíz, Hungary, produces 1,000 barrels/day, enhancing domestic energy security and reducing import dependency.
