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Exploration and Production
MOL Group endeavours to broaden the sources of its raw materials. Its exploration and production (Upstream) activities have the vital task of seeking new reserve replacement opportunities in various parts of the world.
This segment contributes to MOL Group cash flows through the exploration, field development, acquisition and production of existing and new hydrocarbon reserves at internationally competitive cost levels.
The source for profitable growth in the Upstream segment should be the realization of a focused international upstream growth strategy. This - in addition to the successful operation of existing projects - aims to identify and exploit new
opportunities for further growth in accordance with MOL’s efficiency criteria, in order to achieve our target of increasing the upstream integration of the Group.
Upstream Portfolio
The current upstream portfolio consists of producing assets in 7 countries and assets with further exploration potential in all 15 countries where MOL Group is present.More
Worldwide activities
MOL Group’s upstream operations expands in Central Europe, the CIS countries, Middle East, North Africa and Far East.More
