Six Month Search Is Over For UK Energy Company

MOL Energy UK is pleased to announce the completion of its senior management team, the culmination of a six-month search of the international oil and gas market. The Aberdeen-based company made its first acquisition (worth USD 430 mn) in December 2013 and is actively looking for further growth opportunities in the North Sea region.

The most recent hires include Subsurface Director Jonathan Chapman (previously of BP, BG, and Centrica), Steve Kemp, who joins as Operations and Technical Director from Centrica where he led the southern North Sea business unit through a period of significant growth, and Neil Robertson, previously Group Managing Director at SPD, who comes on board as Wells Director.

All three bring with them at least 25 years’ experience in the upstream industry, and will add to and strengthen the trio that managed MOL Energy UK through its initial months: Managing Director Chris Bird, Finance Director Caroline McGovern and Integration Director Paul Lindop.

MOL Group entered the North Sea at the end of last year in a deal with Wintershall to acquire assets in 14 offshore licences. In June, MOL Energy UK (with its partners Premier Oil and Cairn Energy) received approval for the Catcher area Field Development Plan. In the same month, the company completed a sale and purchase agreement with Premier Oil for offshore assets in 6 further licences.

Completion of the senior management team closes out the first phase of MOL Group’s presence in Aberdeen. Over the coming months and into 2015, MOL Energy UK is looking forward to the successful outcome of its submission to the 28th UK licensing round. It will also proactively be considering further acquisition and partnership opportunities in the North Sea.

Chris Bird, Managing Director of MOL Energy UK, said: “I am delighted that MOL Energy UK has been able to attract such a broad range of knowledge and expertise to join its leadership team. With the team in place, we are now in a great position to exploit future opportunities for growth in the North Sea.”