MOL sells Russia's Surgut-7 exploration block
BUDAPEST -- Hungarian oil and gas company MOL Nyrt. has sold the company that owns the exploration license for the Surgut-7 exploration block in Russia.
MOL announced its plan to sell the block on 12 August 2013 in line with its portfolio optimization plans.
The Surgut-7 block is strongly linked to the infrastructure of the Zapadno-Malobalykskoye field, which was until recently also a MOL asset. MOL sold these assets in a package deal, it said in a stock exchange filing.
Dow Jones Newswires