MOL Closes North Sea Deal with Wintershall

Hungary's MOL reported Tuesday that it has closed its previously-announced deal with German producer Wintershall to acquire interests in 14 licenses in the North Sea. MOL said it has also recently opened an office in Aberdeen to support its operations and its future expansion in the region.

The portfolio of assets acquired from Wintershall includes non-operated stakes in the Broom (29 percent interest), Catcher (20 percent), Cladhan (33.5 percent), Scolty and Crathes fields (50 percent) in the UK North Sea. MOL also acquired Wintershall's equity share in the Sullom Voe terminal and the Brent pipeline system.

MOG Group Executive VP for Exploration and Production Alexander Dodds commented in a company statement:

"The North Sea is a very attractive area, and MOL will continue to develop its presence in the region. We intend to take part in upcoming licensing bid rounds and aim to become operators ourselves."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Eni: Oil, Gas Discovery in Norwegian S... (Jan 17)
 -  Tullow Finds Oil in Kenyan Erut-1 Well (Jan 17)
 -  Utgard, Byrding Field Development Plan... (Jan 17)
 -  E&P Consultants Earning 27% Less than ... (Jan 17)
 -  NextDecade Leases Texas City Site for ... (Jan 17)


Most Popular Articles

From the Career Center
Jobs that may interest you
Location Manager I - Saybolt
Expertise: Business Development|Facilities Management|Surveying
Location: Texas City, TX
 
Legal Assistant
Expertise: Legal
Location: San Ramon, CA
 
Paralegal
Expertise: Legal
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours