Tag: North Sea

Premier Oil interested in MOL’s stake in Catcher oil field – Hungary, 9 March 2018

CEO of Premier Oil Tony Durrant said that the company is interested in increasing its 50 % stake in the Catcher oil field in the North Sea which produced its first oil volumes last December, after the reports that Hungarian oil and gas company MOL is planning to sell its 20 % stake in the […]

MOL started production at the Catcher oilfield in the North Sea – Hungary, 27 December 2017

Hungarian oil and gas company MOL and its partners in the project announced the start of oil production at the Catcher Development zone in the North Sea. The statement said that the production will be gradually increased in the coming months, initially from the Catcher field, followed by the Varadero and Bergman fields. MOL holds […]

MOL is looking to exit UK North Sea – Hungary, 8 December 2017

According to media reports, Hungarian oil and gas company MOL is considering the sale of its UK North Sea assets, just four years after its arrival in the basin, mostly due to a drop in oil prices which put the margins under pressure. Reportedly, The company has already hired Bank of America Merrill Lynch to […]