Mol Norge AS is part of the MOL Group and has its operations focused on oil and gas extraction in Norway. The company has a presence in three core areas: Central Graben South, South Viking Graben and Northern North Sea. Through farm-in agreements and allocations from APA rounds, Mol Norge has expanded its operations and portfolio.
In 2015, MOL Group entered into an agreement to purchase 100% of Ithaca Norge, which is a pre-qualified operator. This acquisition resulted in a doubling of MOL Group's exploration portfolio, with an addition of 600 million barrels of oil equivalent in net, unhedged best estimates for prospective reserves. The company currently has ownership in 13 production licences, 7 of which are operated by Mol Norge.