On 5 December 2017, Hungarian Horizon Energy Group (HHE) completed drilling wildcat exploratory well Pettend Kelet 1 (Pettend East 1) in the LakÃ³csa concession in southwestern Hungary. The well encountered hydrocarbons within multiple target zones in the Lower Pannonian and Miocene successions (details unavailable) and was pronounced as discovery of the Pettend East oil field. HHE is the sole operator of the LakÃ³csa permit.  Pettend Kelet 1 was spudded in late November 2017. The 355 sq km LakÃ³csa block is located in the Baranya and Somogy political provinces, along the border with Croatia, within the Somogy-Drava Sub-basin, tectonic unit of the Pannonian Basin.  The well had a planned final depth estimated at 1,900-2,000 m.  Background Information  The LakÃ³csa concession was granted to HHE by the Minister of National Development on 15 February 2016 (preliminary award was pronounced in late November 2015). The award followed the countryâs 2015 bid round. The LakÃ³csa contract is valid for twenty years from the effective date, with possible one, 10-year extension.  News from mid-October 2016 stated that HHE was in the permitting phase for the LakÃ³csa 3D survey. The survey, conducted from December 2016 to January 2017, completed 255 sq km of new seismic data.  In late October 2017, HHE drilled successful well Pettend Kelet 3 that discovered the Pettend Central oil pool.
Pettend Nyugat 1, Pettend Kelet 1 (Horizon Energy Group 100%) in the LakÃ³csa concession, encountered multiple target zones in the Lower Pannonian and Miocene successions and following the evaluation of the results, the wells were pronounced a discoveries of the Pettend West oil field.