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Mol Group expands its exploration portfolio with new licenses in Hungary and Norway

Mol Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway, the company announced on the Budapest Stock Exchange.

2017-02-07 16:54:22

Mol acquired six new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired four licences in the Norwegian Continental Shelf, one of which with operatorship.

Mol is targeting both proven exploration plays in Hungary as well as new plays which are the result of our ongoing new Trans-Pannonian basin study. The partners in the new operated license include Statoil and Petoro AS, the leading national oil and gas companies in Norway. MOL has also successfully joined three licenses operated by AkerBP.



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