First Hungarian Gas Development On Stream
JKX Oil & Gas has announced the commencement of commercial gas production from the Hajdúnánás field in northeast Hungary. The field has come on-stream at an initial rate of 3.5 MMcfd from the Hajdúnánás -1 well, following its initial discovery in August 2008. The Hajdúnánás -2 well is scheduled to come on-stream within one month and, together, production is expected to increase to approximately 8.5 MMcfd.
The newly completed Hajdúnánás gas plant is connected via a 14.7 km, 8-inch diameter pipeline to a tie-in and fiscal metering point on the national gas network. A gas sales contract has been concluded with Fogaz Zrt, the Hungarian subsidiary of the German utility, RWE.
The Hajdúnánás Field is the first development on the Hernád licenses which cover a total of 5,420 sq km. JKX holds a 50% interest in the licenses. Exploration work is ongoing on the Hernád licenses with additional drilling results expected through the remainder of the year.
- Energy Services Sector Will Grow To $1 trillion In 2025
- Will A New Iran Nuclear Deal Be Agreed to in 2023?
- Shell Posts Record 2022 Profit
- New SPR Bill Passes House
- Maritime Security Report Shows Incident Trends Down YoY
- Winter Storm Mara Update
- Westwood: Several Macroeconomic Factors Make 2023 Unpredictable
- Keppel O&M To Deliver Guyana's Third FPSO To SBM Offshore
- Big Oil Shareholders Biggest 2022 Winners With Massive Payouts
- ADNOC Signs Deals With 23 Firms Worth $4.6 Billion
- What Bad Habits Should Oil and Gas Jobseekers Avoid?
- Top Headlines: Valaris Employee Reported Missing from Rig
- Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
- Biden To Support ConocoPhillips Alaska Oil Project, Defying Greens
- USA Drops 3 Gulf of Mexico Rigs
- USA Oil and Gas Employs Almost 1 Million in 2022
- Shell Makes Host of Company Changes
- Libya Sees More Deals After Eni's $8B Gas Investment
- $1 Trillion Green Investment Matches Fossil Fuels For First Time
- US Could 'Steal' Green Energy Investments From Other Regions
- Valaris Employee Reported Missing from Rig
- Louisiana, Texas To Gain Thousands of Energy Jobs At Start of 2023
- Gasoline and Diesel Prices Expected to Fall
- Is the USA Shale Boom Over?
- Higher Oil Prices Have Not Led to More Exploration
- Shell Finds Gas In Pensacola High-Impact Well Off UK
- Talos Makes Two Commercial Discoveries In Gulf Of Mexico
- Iran Oil Gushes Into Global Market
- Will Oil Hit $100 Per Barrel in 2023?
- Eni, Chevron Make Significant Gas Discovery Off Egypt