February 2014, Vol. 241 No. 2

Projects

MOL Group Acquires UK North Sea Assets

The Hungarian MOL Group has acquired assets in the UK North Sea from Wintershall. The Group will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%) as well as the Catcher (20%), Cladhan (33.5%) and Scolty/Crathes (50%) developments.

Wintershall’s equity share in existing infrastructure on the Sullom Voe Terminal and the Brent Pipeline system are also part of the deal. The purchase price of US$ 375 million is subject to value adjustments at closing.