Announced
Financials
Sources
Tags
Friendly
Infrastructure
Oil Equipment and Services
Private
Pending
United Kingdom
Majority
Acquisition
Domestic
upstream assets
Single Bidder
Synopsis
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.
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