MOL to discuss entry into North Sea market at SPE Aberdeen event

Newcomer to the UKCS, Hungary-based MOL Group is set to discuss its entry into the North Sea market at a Society of Petroleum Engineers (SPE) Aberdeen event on May 6, 2015.

MOL Group, an integrated oil and gas company, completed a deal in March 2014 to acquire 14 North Sea licenses from Germany’s Wintershall which resulted in the creation of MOL Energy UK.

Managing Director of MOL Energy UK, Chris Bird, will speak at the next SPE Aberdeen Simplified Series event, organised by the Young Professionals Committee but aimed at “oil and gas industry professionals of all ages”.

Chris Bird said: “The future rate of production in the UK Continental Shelf (UKCS) depends on a number of factors, such as continued investment and the success of further exploration. Establishing operations in the UK North Sea has been a major step for MOL Group and a carefully planned, strategic move which I look forward to discussing at this SPE Aberdeen event.”

As part of the presentation, Bird will focus on risk management, value creation and the importance of industry collaboration and partnership. He will also discuss the way forward for the oil and gas sector in the UKCS, as well as the importance of this region to the global oil and gas industry.

SPE Aberdeen chairman Shankar Bhukya added: “SPE Aberdeen is thrilled to welcome MOL Energy UK to present at our next Simplified Series event. The company’s global experience will offer valuable lessons to all attendees and its recent move into the North Sea promises to be an extremely interesting topic. This is an event not to be missed.”

Chris Bird has approximately 30 years’ experience in the upstream oil and gas industry and has worked extensively with operators and contractors across the full value chain, focusing on turning around and growing businesses by developing people and technology.

The SPE Aberdeen Simplified Series, currently sponsored by RESMAN and GE Oil & Gas, is a monthly event highlighting a technical issue or project within the oil and gas industry, approaching it in ‘simplified’ terms so that it appeals to a wider cross-section of industry professionals.

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