MOL Group expands its exploration portfolio in Hungary and Norway

MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway.

MOL acquired six new licences, doubling its exploration acreage in the country. MOL Norge participated in the latest APA licensing round and acquired four licences in the Norwegian Continental Shelf, one of which with operatorship. These successes significantly contribute to the implementation of the MOL 2030 strategy.

As a result of the license acquisitions, MOL can start hydrocarbon exploration on nearly 4,200 km² in the area of Bázakerettye, Bucsa, Jászárokszállás, Mezőtúr, Okány-West and Zala-West, in addition to the almost 4,200 km² area covered by mining authority decisions and concessions already acquired.