Country Report
Hungary upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
A mature hydrocarbon region in decline, despite recent discoveries - Hungary's upstream sector was established in the 1800s. The industry started in the early 1900s with the arrival of foreign investors, leading to significant oil and gas production from 1937 onwards, particularly during World War II. The peak production of 191,000 boe/d occurred in 1985. The majority of Hungary's oil and gas fields are mature and declining. However, new production from Vecses - the largest find in ...
Table of contents
- Executive summary
- Key facts
- Location maps
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Key companies
- Key operators
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Geology
- Overview
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Hydrocarbon plays
- Permian to Mesozoic
- Palaeogene to Lower Miocene
- Middle Miocene to Quaternary
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Exploration
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Licensing
- Overview
- First licensing round (1993)
- Open licensing (1997-2012)
- Back to licensing rounds (2013)
- Latest licensing round (2024-25)
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Drilling
- Drilling activity
- Key recent and future conventional E&A activity
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Historical conventional E&A activity
- Cross-border Cooperation
- Unconventional E&A activity
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Service industry
- Drilling
- Seismic
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Licensing
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Reserves and resources
- Overview
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Production
- Liquids
- Gas
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Infrastructure
- Oil infrastructure
- Overview
- Key pipelines
- Terminals
- Refineries
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Gas infrastructure
- Overview
- Domestic gas network
- Gas storage facilities
- Key import and transit pipelines
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Bulgaria-Romania-Hungary-Austria (BRUA)
- Phase 1
- Phase 2
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Costs
- Introduction
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Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Policy and regulation
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Key legislation
- Mining Act (Act No. XLVIII of 1993)
- Natural Gas Supply Act (Act No. XLII of 2003)
- Safety Stockpiling of Natural Gas (Act No. XXVI of 2006)
- Regulatory body
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State oil company
- MOL
- MVM Group
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Licensing
- Concessions
- Abandonment
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Key legislation
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Fiscal terms
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Overview
- Upstream
- Mid/Downstream
- Current fiscal terms
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Concessions
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax (CIT)
- Energy Suppliers Tax (the ‘Robin Hood' tax)
- 'Petroleum product producer' windfall tax
- Other taxes
- 2 more item(s)...
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Overview
Tables and charts
This report includes the following images and tables:
- Hungary - liquids production
- Hungary - gas production
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2025
- Net Acreage 2025
- Hungary - sedimentary basins
- Reserves
- Contingent resources
- Production: Table 1
- Production: Table 2
- 16 more item(s)...
What's included
This report contains:
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