Hungary-based MOL Group is set to discuss its high-profile entry into the North Sea oil and gas sector at a meeting of Society of Petroleum Engineers in Aberdeen.
The integrated oil and gas company, with operations in more than 40 countries, completed a deal in March 2014 to acquire 14 North Sea licences creating MOL Energy UK.
Chris Bird, Managing Director, MOL Energy UK, will speak on the company’s move to North Sea operations as well as the importance of the region to the global oil and gas industry next month.
Bird said: “The future rate of production in the North Sea depends on a number of factors, such as continued investment and the success of further exploration. Establishing operations in the UK North Sea has been a major step for MOL Group and a carefully planned, strategic move.”
Bird will focus on risk management, value creation, the importance of industry collaboration and partnership, as well as discussing the way forward for the oil and gas sector in the UKCS.
Bird has approximately 30 years’ experience in the upstream oil and gas industry and has worked extensively with operators and contractors across the full value chain, focusing on turning around and growing businesses by developing people and technology.