MOL closes purchase of North Sea assets from Wintershall

MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in the North Sea for $375 million (OGJ Online, Dec. 13, 2013).

MOL said it has also established a new office in Aberdeen to support its operations and its future expansion in the region.

“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,” said Alexander Dodds, MOL Group executive vice-president, E&P.