Country report
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31 Pages

Hungary upstream summary

Hungary upstream summary

Report summary

Upstream activity has taken place in Hungary since the 1800s. Modern exploration and production began in the early 1900s, when the first foreign investors arrived. The Anglo-Persian Oil Company obtained the first foreign held exploration licences in 1911 in the Mura Depression, a sub-basin of the prolific Pannonian Basin. The Hungarian state became involved in hydrocarbon exploration in the 1930s. The first commercial oil and gas fields were discovered by the Hungarian American Oil ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.15 MB 31 Pages, 13 Tables, 12 Figures
  • Country Overview XLS - 426.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Geology Introduction
    • Hydrocarbon Plays
      • Permian to Mesozoic
      • Paleogene to Middle Miocene
      • Upper Miocene to Quaternary
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Success rates
      • Service Industry
      • Joint Ventures
      • Unconventional Potential
  • Reserves and resources
  • Production
    • Oil/liquids
      • Oil
      • Condensates & NGLs
    • Gas
      • Enhanced/improved oil and gas recovery
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
      • International pipelines
      • Domestic gas network
      • Gas Storage
    • Future Gas Pipelines
      • South Stream - Cancelled December 2014
      • Nabucco - suspended June 2013
      • New Europe Transmission System (NETS)
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
      • Freeze on Mining Royalty
    • State participation
    • Licensing
      • Concessions in closed areas
      • Licensing in open areas
      • Reserved areas
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Corporate (or Petroleum) Income Tax
      • Sample Cash Flow
    • Historical background
      • Household gas subsidy

In this report there are 25 tables or charts, including:

  • Executive summary
    • Gas Production
    • Liquids Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Hungary Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2013
  • Geology
    • Map of Basins
  • Exploration
    • Exploration: Table 1
    • Exploration: Table 2
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Oil Infrastructure Map
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Country Capital Expenditure (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
    • Operating Expenditure by Region (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
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