The Mining and Geological Service (MBFSZ) will offer six to ten exploration & production (E&P) blocks in the planned 7th Licence Round. The round is expected to launch in mid 2019, once the closed 6th Round awards have been finalised. 26 study areas covering 27,000 sq km across the country have been identified as candidate blocks for offer in the round. MBFSZ currently offers a 20 year concession which can be extended by up to 10 years. Any awarded concession will apply to depths down to 5,000m. Nine E&P blocks were offered in the 6th Round which closed on 27 September 2018, with applications received for five blocks (one per block). Minimum concession fees for the nine offered blocks ranged from HUF 86 to 342 million (US$300,000 - 1.2 million). Provisional awards are expected by late December 2018, and formal award ratification is expected in late March 2019. Further details at https://mbfsz.gov.hu/en/concession-procedure <P />
The Mining and Geological Service (MBFSZ) will offer six to ten exploration & production (E&P) blocks in the planned 7th Licence Round. The round is expected to launch in mid 2019, once the closed 6th Round awards have been finalised. 26 study areas covering 27,000 sq km across the country have been identified as candidate blocks for offer in the round. 