From 6 November to 9 to 27 January 2018, Oil & Gas Development Central Kft (OGD), subsidiary of Sand Hill Petroleum BV, drilled and abandoned unsuccessful new-field wildcat Derecske Nyugat 1 in the BerettyÃ³Ãºjfalu concession in eastern Hungary. The well, solely drilled by OGD, reached the final depth of 2,428 m, failed to encounter hydrocarbons and was plugged.  The well Derecske Nyugat 1 is located in the northwestern sector of the BerettyÃ³Ãºjfalu block. The tract is located in the HajdÃºâBihar political province, close to the border with Romania, within the Hajdusag Sub-basin, tectonic unit of the Pannonian Basin.  The well likely had a planned final depth of approximately 2,430 m, targeting gas-charged units of the Lower Pannonian succession.  Background Information  The 825.2 sq km BerettyÃ³Ãºjfalu block was awarded to OGD on 15 February 2016, upon the signing of the contract by the Minister of National Development. The award was the result of 2015 bidding round (the tender was opened on 14 April 2015 and closed on 23 September 2015). The BerettyÃ³Ãºjfalu contract is valid for twenty years from the effective date, with one possible 10-year extension.
Derecske Nyugat 1 (Sand Hill Petroleum 100%) in BerettyÃ³Ãºjfalu concession, P&A, unsuccessful.