MOL Group completes entry to UK North Sea
Wintershall has completed its sale of various UK North Sea interests to Hungary’s MOL Group for $375 million.
KASSEL, Germany – 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.
Additionally, it takes Wintershall’s share of infrastructure on the Sullom Voe terminal in Shetland and the Brent pipeline system.
The full license details are as follows:
Equity sold to MOL
OperatorPartners (before transaction)
Ithaca Energy (8%)
Premier Oil (50%)
Cairn Energy (30%)
Premier Oil (35%)
Cairn Energy (35%)
Ithaca Energy (10%)
Scolty/ Crathes area
Cairn Energy (27.78%)