North Sea

MOL Group completes entry to UK North Sea

Wintershall sold its interests for $375 million.

Wintershall
25/03/2014 17:53
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Wintershall has completed its sale of various UK North Sea interests to Hungary’s MOL Group for $375 million. The two had first announced the transaction last December. 
MOL gains stakes in 14 licenses including non-operated equity in the Broom field (29%), the Catcher (20%), Cladhan (33.5%), and Scolty/Crathes (50%) developments. 
Additionally, it takes Wintershall’s share of infrastructure on the Sullom Voe terminal in Shetland and the Brent pipeline system. 

Wintershall has completed its sale of various UK North Sea interests to Hungary’s MOL Group for $375 million. The two had first announced the transaction last December. MOL gains stakes in 14 licenses including non-operated equity in the Broom field (29%), the Catcher (20%), Cladhan (33.5%), and Scolty/Crathes (50%) developments. 

Additionally, it takes Wintershall’s share of infrastructure on the Sullom Voe terminal in Shetland and the Brent pipeline system. 

 

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