February 2014, Vol. 241 No. 2
Projects
MOL Group Acquires UK North Sea Assets
![](http://pgjonline.com/old_assets/wp-content/uploads/sites/2/2014/02/MOL-group-projects-map.jpg)
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.
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