MOL Group has received six licenses in Hungary’s 4th bid round, doubling its exploration acreage in the country.
Concession contracts have been signed by MOL and representatives of Hungary’s Ministry of National Development. As a result, MOL can start hydrocarbon exploration on nearly 4,200 sq km in the Bazakerettye, Bucsa, Jaszarokszallas, Mezotur, Okany-West, and Zala-West areas in addition to the almost 4,200-sq-km area covered by mining authority decisions and concessions already acquired.
MOL is targeting both proved exploration plays in Hungary as well as new plays that are the result of the firm’s continuing Trans-Pannonian basin study.
MOL also was recently awarded four licenses, including one operatorship, on the Norwegian Continental Shelf in Norway’s Awards in Predefined Areas (APA) 2016 licensing round (OGJ Online, Jan. 17, 2017).
MOL Norge was granted operatorship for an additional position on the Mandal High area, one of the firm’s core areas in Norway. The partners in the new operated license include Statoil ASA and Petoro AS, both of Norway. MOL also joined three licenses operated by AkerBP ASA.
