Waldorf Production, an exploration and production company, agreed to acquire the UK upstream assets of MOL, a Hungarian multinational oil and gas company, for $305m. "We are excited to acquire MOL’s UK portfolio and by so doing to double our stake in GCA. Pro forma for the transaction Waldorf’s 2021 production increases by c. 55% to c.34k boe per day and end 2021 2P reserves by almost a third from 51.6 mmboe to 66.5 mmboe," Erik Brodahl, Waldorf CEO.