On 20 February 2018, the award of the SomogybÃ¼kkÃ¶sd contract in southwestern Hungary, pre-awarded to Magyar Olaj- es Gazipari Rt (MOL) in November 2017, was signed off by the Minister for National Development and thus became official.  The 1,088 sq km SomogybÃ¼kkÃ¶sd area is located in the Somogy and Zala political provinces, within the Pannonian Basin.  Background Information  On 13 June 2017, acting on behalf of the Hungarian State and in cooperation with the Hungarian Office for Mining and Geology, the Minister for National Development published an invitation to tender for a concession over the SomogybÃ¼kkÃ¶sd area. The tender closed on 25 September 2017.  On 17 November 2017, following recommendation of the tender committee from the Hungarian Office for Mining and Geology, MOL was selected as the winner of the bid round for the prosection, exploration and production of hydrocarbons in the SomogybÃ¼kkÃ¶sd area. The company had two months (plus additional two months extension) to negotiate the final contract.
Hungary, not found