North Sea oil firm Waldorf Production has struck a deal to acquire all the UK upstream assets of Hungary's MOL Group.
Energy Voice says the Aberdeen-based firm will take on a 20% non-operated interest in the Catcher field.
That builds on the 20% stake in the field it acquired from Capricorn Energy, then Cairn Energy, last year - that £334million deal also included a 29.5% stake in Kraken.
Waldorf has also secured non-operated interests of 50% in the Scolty and Crathes fields from MOL, as well as 21.83% in the Scott and 1.59% in the Telford licences.
MOL said Waldorf had offered a base cash consideration of $305million (£230million). In addition, the agreement contains an earn-out scheme mainly dependent on oil prices during 2022-2025.