Mol restructures exploration and drilling unit
Monday, February 28, 2005, 00:00
The exploration and drilling department of Hungarian gas and oil company Mol Rt will continue operations in a new structure as of March 1. The aim of the restructuring is to facilitate the efficiency of future growth on the international scene by setting up a new competitive team and developing capabilities that are essential for exploration outside Hungary. The management established four units within the exploration and drilling division. One of these is Upstream Portfolio Development, a unit in charge of the acquisition and sale of oil and gas fields. The other three units include Overseas Exploration and Drilling, CEE Exploration and Drilling and the Technology and Operation Center, which will coordinate and control work at at Mol?s regional and overseas project companies.