North Sea newcomer MOL Oil appoints new UK MD

Nico Brunsmann
Nico Brunsmann

North Sea newcomer MOL oil has appointed Nico Brunsmann as its new managing director of MOL Energy UK.

A Heriot-Watt university post-grad, Brunsmann brings with him over 25 years’ experience in the international upstream oil and gas industry, with broad experience in exploration, development and production.

Before joining the Budapest-based MOL Group, he worked for Verus Petroleum, a private equity based start-up, as a Developments and Operations Director. Prior to that he held a variety of positions at Talisman over a nine-year period, among them  VP of UK Operations and VP of UK Subsurface.

Brunsmann has also worked in commercial, subsurface and operational roles with Amerada Hess, Maersk, Elf and Occidental. He holds a Masters in Petroleum Engineering from Heriot-Watt University in the UK.

Building on the foundations put in place over the past two years, Brunsmann will oversee ‘value optimisation’ and further production growth from MOL’s assets on the UKCS, including the following operations:

  • First oil was achieved on Cladhan at the end of 2015, while an infill drilling programme has commenced successfully on Scott
  • Scolty/Crathes is on track, with drilling of development wells due to commence in the coming months, and first oil anticipated by the first half of 2017
  • The focus for Catcher will be on construction and delivery of the FPSO hull and topsides.

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