MOL: MOL and ExxonMobil can start exploration program in the entire Makó trough

Based on the positive results of a joint technical study conducted over the past year, MOL Hungarian Oil and Gas Plc. (MOL) and ExxonMobil subsidiary ExxonMobil Exploration and Production Hungary Limited (ExxonMobil) signed an agreement on 11 April 2008 to start a joint exploration work program in blocks 106 and 107 in the Makó Trough in Hungary. ExxonMobil will fund the work program and receive a 50% interest in the acreage upon completion of the work program. MOL will retain the remaining 50%.

Read the full article