Hydrocarbon Exploration in Üllő Area Looks Promising

Hydrocarbon exploration in the Üllő area of the Dány concession area looks promising, Director of Exploration and Production at Mol Hungary, Ádám Homonnay said this Monday at the presentation of a 3D seismic survey in Üllő, just southeast of Budapest.

The oil company is exploring for hydrocarbons in an area of about 30 square kilometers on the outskirts of Üllő, with measurements that started at the end of February and are nearing completion being carried out by Acoustic Geophysical Ltd.

During the press tour to present the survey, it was explained that the area is most likely to contain oil, not natural gas.

Ádám Homonnay pointed out that the oil discovery in neighboring Vecsés has added value to the area near Üllő, and they expect that there is a chance of finding oil here too.

At the event, Mol experts explained that they are mapping the underground area with measurements during the exploration process. The data obtained will be processed and evaluated to ascertain the potential of the area, after which drilling will take place.   

Ádám Homonnay said that in the Üllő area, the data processing will take three months and the evaluation another three to six months, so drilling could probably take place at the end of this year at the earliest.