In early September 2018 there were Press reports that MOL is intending to sell its North Sea assets and leave the region. The Hungarian-based company entered Norway in 2015 by the acquisition of Ithaca Petroleum Norge AS for an initial sum of USD 60 million, with potential additional bonus payments of up to USD 30 million (on a sliding scale) depending on exploration success from its licence portfolio between 2015 and 2017. Since then, MOL has added acreage through a series of deals and licensing rounds. It currently (13 September 2018) holds 20 licences in the Norwegian North Sea which contain a number of small discoveries including Blabaer, Freke and Trell. MOL will operate a well on the stacked Oppdal and Driva prospects in block 2/6 on the Mandal High later in September 2018.  Oppdal (Paleocene Vale Formation) and Driva (Permian Auk Formation) will be drilled by 2/6-6 S. Driva lies within PL 860 and Oppdal is located mainly in PL 860 but also extends into PL 539 to the southeast. Partner Lundin puts potential recoverable reserves at 434 MMboe and chance of success at 30%.
Norway (Heimdal Terrace (Viking Graben Province)) Vale