Hitherto unreported, on 25 February 2020, the Ministry for Innovation and Technology signed off the concession agreement pertaining to the NyÃ­rbÃ¡tor area in northeastern Hungary, granted to Magyar Olaj- Ã©s GÃ¡zipari Nyrt. (MOL). 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. MOL is the sole operator of the contract.  The 1,054 sq km NyÃ­rbÃ¡tor block is located within the North Alfold Sub-basin, tectonic unit of the Pannonian Basin.  The Ministry informed on 4 December 2019 that MOL was pronounced the winner of the 2019 tender call for the Nyirbator area.  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 26 September 2019, the Ministry for Innovation and Technology closed the tender procedure for the Nyirbator block.
Hungary (Pannonian B.) Nyirbator op. by MOL (100%)