The Mining and Geological Service (MBFSZ) will offer six to ten exploration & production (E&P) blocks in the planned 8th Licence Round, which is expected to launch in mid-2020. 38 candidate areas have been shortlisted by MBFSZ, covering over 38,000 sq km across the country. MBFSZ currently offers a 20 year E&P concession which can be extended by up to 10 years. The six year exploration period is split into two phases (4+2 years). Any awarded concession will apply to depths down to 5,000m. Eight E&P blocks were offered in the 7th Round which closed on 26 September 2019, and four blocks were awarded in February 2020, two to MOL, and one each to Vermilion Energy and Aspect Energy/Hungarian Horizon Energy (HHE). Further details at https://mbfsz.gov.hu/en/concession-procedure <P /><P />
The Mining and Geological Service (MBFSZ) will offer six to ten exploration & production (E&P) blocks in the planned 8th Licence Round, which is expected to launch in mid-2020. 38 candidate areas have been shortlisted by MBFSZ, covering over 38,000 sq km across the country.