Hitherto unreported, on 25 February 2020, the Ministry for Innovation and Technology signed off the concession agreement pertaining to the Pusztaszer area in southeastern Hungary, granted to Hungarian Horizon Energy Group (HHE). The contract has a four-year exploration term, with an option for a two-year extension, and the utimate validity of 20 years (includes production stage), until 25 February 2040. HHE is the sole operator of the contract.  The 1,326 sq km Pusztaszer area is located within the Kiskunsag Sub-basin, tectonic unit of the Pannonian Basin.  The Ministry informed on 4 December 2019 that HHE was pronounced the winner of the 2019 tender call for the Pusztaszer area.  HHE is acting in the country through Hungarian Horizon Energy Kft,  Background Information  The 2019 bidding round was opened by the Ministry for Innovation and Technology on 28 May 2019 through the announcements in the EU Official Journal. Eight areas were offered in the tender: Csongrad, Csorna, Erd, Kadarkut, Kisvarda, Nyirbator, Pusztaszer and Zala-Kelet. The closing date for the round, area-dependent, was set on 25/26 September 2019.  On 25 September 2019, the Ministry for Innovation and Technology closed the tender procedure for the Pusztaszer block.
Hungary (Pannonian B.) Pusztaszer op. by HHE (100%)