Hydrocarbons in Hungary: Results and opportunities

Dear Reader, One wouldn’t have guessed that a book about Hungary’s hydrocarbons would even be as weighty as a good miner’s joke. On the other hand, you could at least say of miners’ humour that it really exists! Or rather, it does, just not the way you would think. Learned geology and petroleum engineering experts have debated on special social events of mining long into the night, whether Hungary has any worthwhile gas or oil fields. Then on the next day they start calling each other asking well, then, exactly what should they think about the new concession areas the ministry just offered up for bid? Do real resources exist in these concession areas, or do they not? This book is an attempt to provide the answer to this question. It was written for those who have been taking great pains on behalf of the Hungarian common good, on behalf of communities, institutions, entrepreneurs, farmers and other Hungarians who think a very substantial share of Hungary’s energy supply could be covered using domestic resources. Using domestic re - sources not only helps our country, but also saves it money, which of itself is a big issue in today’s world. But the most important reason for using our own resources is that nobody can take it away from us, because it is right here under out feet. In spite of a Hungarian hydrocarbon exploration and production history that stretches back more than a hundred years old, and more than 80 years after industrial quantities of petroleum were first discovered in Budafa, more and more new fields are still being discovered thanks to advanced exploration methods and technologies. These provide significant business profit to the prospecting and production companies and boost the national economy. Hydrocarbon occurrences in Hungary, combined with innovative and ever more efficient technical engin - eering methods, have allowed us today to set up a primary link in the global value chain, i.e., the energy resources of our homeland, which can then be coupled with the second link based on innovation and our own ideas, which can lead to a marketable product. For whoever complains about energy scarcity here in the Carpathian Basin, we recommend this book. For all of our readers, we wish to pass along the traditional miners’ greeting of “Jó szerencsét!”, which means: Good luck!

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