Catcher Area First Oil
MOL Plc. (“MOL”) hereby notifies the market of the following:
MOL and its partners achieved first oil from the Catcher Area on 23 December 2017. Over the coming months production is expected to be ramped up in phases, initially from the Catcher field followed by the Varadero and Burgman fields.
MOL Group holds a 20% non-operated stake in the Catcher project. MOL Group’s partners are Premier Oil (50%, operator), Cairn (20%) and Dyas (10%).