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MOL acquires IPN
MOL Group has acquired 100% ownership of Ithaca Petroleum Norge (IPN) from Ithaca Petroleum. The deal doubles the size of MOL’s exploration portfolio, adding 600mn barrels of net un-risked best estimate prospective reserves. Entry into the Norwegian market also takes the company a step closer towards becoming an offshore operator in the North Sea.
News Item details
Journal title: Petroleum Review
Keywords: Company mergers / strategic alliances
Countries: Norway -
Organisation: MOL Hungarian Oil and Gas Company Ltd
Subjects: Exploration and production, Offshore oil and gas
