MOL sells Russia's Surgut-7 exploration block

9/3/2013

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

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