The Hungarian player came to Norway earlier this year through a $60 million acquisition of the Norwegian division of UK-based Ithaca Energy. The purchase gave MOL an instant presence with 14 licence stakes and a staff of about 20 people. After entering the North Sea through acquisitions of UK assets from Wintershall and Premier Oil in 2014, MOL’s senior vice president for exploration and business development Brian Glover visited the ONS conference in Norway’s oil capital Stavanger last year, along with the company’s senior management.

“We