We are a strong multinational group providing drilling services and producing crude oil and natural gas in the Czech Republic and in other countries. We run gas storage facilities for natural gas, and we are a leading force on the wholesale market for electricity and gas, as well as the fastest growing alternative supplier in the residential segment.
1/4 our success
EBITDA in 2020
UGS capacity
customers supplied with gas and electricity
The contours of the Oil & Gas pillar of our business were defined in 1997, when we acquired a share in Moravské naftové doly (MND), an enterprise with traditions dating back to 1913.
2/4 our success
receive our gas
receive our electricity
MND is one of the fastest growing new suppliers in the energy market. Currently, 173,100 customers receive energy from MND, 89,743 customers gas and 83,391 customers electricity.
3/4 our success
revenues in 2019
state-of-the-art drilling rigs
crew utilization
During the 1990s, the drilling and engineering operations of Moravské naftové doly were the responsibility of autonomous divisions. In 1998, MND Strojírenská (later re-named MND Servisní) was established to operate as a subsidiary in charge of providing support to the parent company, MND.
4/4 our success
depth of well in first project phase
height of drilling rig
of MND DS in geothermal energy
MND Drilling and Services (MND DS), with its high-performance Bentec 450 drilling rig, is involved in a geothermal well in Cornwall, UK, which will create a renewable, recirculating power source for the EDEN site. With this contract, the company makes a significant move into the promising geothermal energy segment.
In prospecting for and producing crude oil and natural gas, we manage deposits in the most efficient way to the maximum extent by employing state-of-the-art production methods. MND’s achievements reflect the experience and expertise accumulated by our employees and passed from generation to generation since 1913. We extract crude oil and natural gas not only in the Czech Republic, but also in Ukraine and Georgia.
We are a drilling contractor operating internationally in a number of European countries. We provide comprehensive services in the drilling and workover of exploratory and production wells for crude oil, natural gas, hydro, geothermal energy, and underground gas storage. We have worked in the oil and gas industry for more than 100 years. During this time, we have drilled over 6,000 wells in the Czech Republic and other countries. We make sure that our project are as efficient as possible and have as low an impact on the surrounding environment. In recent years, we have expanded to foreign markets.
MND has storage capacity in excess of 500 million cubic meters. We have been building and operating underground storage facilities since 1999. The first underground gas storage facility (UGS) we opened was a unit in Dolní Bojanovice, the Czech Republic, which was later sold. Another storage facility was built in Uhřice, the Czech Republic, in 2001. The Uhřice UGS underwent an extensive upgrade in 2013 to become one of the most advanced and most flexible storage facilities in Europe. In the same year, we teamed up with the Russian corporation Gazprom to build one of the largest underground gas storage facilities in the Czech Republic, the Dambořice UGS. The facility was put into service in 2016. In 2014, we acquired the Stockstadt and Hähnlein underground storage facilities in Germany.
We are a major player in the European market for gas storage capacity. Commodities traded by MND Trading include gas, electricity, oil, coal, and carbon dioxide allowances. MND Trading pursues a strategy of dynamic international expansion.
We entered the retail segment in 2014. Despite the strong competition on the Czech energy market and customers’ reluctance to switch suppliers, we have built a strong brand. Our own production and focus on monitoring wholesale prices allow us to continue to offer customers advantageous prices.
Worldwide demand for methanol is over 100 million tons per year. Historically, the U.S. has been a net importer of methanol, however current gas price dynamics created an opportunity for increased domestic production. Methanol is a key basic commodity used widely in other chemical processes and other high growth end-uses such as fuel blending. We are relocating and rebuilding our methanol plants in natural gas-rich West Virginia. We will offer our customers pure, made-in-the-USA methanol.
Our business started with an investment in the mechanical industry. In 1992, Karel Komárek founded M.O.S Hodonín specializing in industrial fittings. Four years later, M.O.S. Hodonín became Moravia Systems, which is now an important supplier of high-quality mechanical products and ranks among preferred contractors for capital construction projects. Our clients and partners include renowned international corporations from Europe and overseas.
