MOL offered four North Sea licenses

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Hungarian oil and gas company MOL announced yesterday that it was offered four licenses on the U.K. Continental Shelf in a licensing round. The operator tagged the licenses as “highly prospective” and they involve the territory of the North Sea.

The process will be concluded after MOL and its partner formally accept the licenses following further reconciliation with U.K. Department of Energy & Climate Change (DECC), MOL said.

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