The transaction was closed with an effective date of January 1, 2019.
MOL is now the third-largest partner in the supergiant oil field with estimated total gross recoverable reserves of around 3 billion barrels of oil.
“This transaction is a major milestone in building MOL’s international E&P portfolio and a significant step to deliver on the inorganic reserve replacement targets,” MOL said.
MOL announced the acquisition in November of 2019.
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