MOL to acquire O&GD upstream assets in Hungary
Key highlights
- MOL signed a sale-and-purchase agreement to acquire upstream assets from O&GD Central Kft., including 51% stakes in three Central Hungary concessions.
- Deal adds ~0.9 mboepd to MOL Group production (~0.7 mboepd oil from Central concessions and ~0.2 mboepd gas from Eastern concessions).
- Transaction is expected to close in Q3 2026, subject to regulatory approvals.
- MOL invested ~160 billion forints in domestic oil and gas over five years; recent finds include a 1,760 m gas reservoir near Endrőd and Nagykörű-D-2 now supplying 70,000 m3/day to Tiszaújváros.
Transaction overview
MOL signed a sale-and-purchase agreement to acquire upstream assets from O&GD Central Kft., including O&GD’s 51% stakes in three Central Hungary concessions (Mogyoród, Nagykáta, Ócsa) where MOL joined as a 49% JV partner in 2023.
Asset and production impact
The package includes Central Hungary oil production (~0.7 mboepd by O&GD’s share) and Eastern Hungary assets, including three concessions with ~0.2 mboepd gas, adding roughly ~0.9 mboepd to group production.
Timeline and recent exploration
The transaction is expected to close in Q3 2026, subject to regulatory approvals; recent activity cited includes a new gas reservoir near Endrőd at 1,760 m and the Nagykörű-D-2 well, which began production in March 2026 and supplies about 70,000 m3/day to the Tiszaújváros plant.
Source: MOL Group