Voices in the street suggest that O&G Development Central Kft. (OGD), domestic subsidiary of Sand Hill Petroleum BV, is seeking to farm down it's exposure in the acreage held in central Hungary. The blocks on offer include the Nagykata, Mogyorod and Ocsa permits. It is understood that a negotiable share in the contracts is offered.  The 551 sq km NagykÃ¡ta block is located in the JÃ¡szâNagykunâSzolnok and Pest political provinces, some 45 km east of the capital city of Budapest. The 521 sq km MogyorÃ³d block is located in the NÃ³grÃ¡d and Pest political provinces, a few kilometres northeast of Budapest. The 593 sq km Ãcsa block is located in the Pest political province, a few kilometres southeast of Budapest. All the tracts are falling within the Paleogene Sub-basin, tectonic unit of the Pannonian Basin.  Background Information  The Nagykata, Mogyorod and Ocsa was granted to OGD on 16 February 2016. The contracts, pre-awarded in late November 2015, followed the countryâs Third Hydrocarbon Licensing Round.  The petroleum plays within the Paleogene Sub-basin relate to the Mesozoic (Triassic and Jurassic) basement series developed in the carbonate facies, the Eocene clastic series and the Miocene, syn-rift successions.
Voices in the street suggest that O&G Development Central Kft. (OGD), domestic subsidiary of Sand Hill Petroleum BV, is seeking to farm down it's exposure in the acreage held in central Hungary. The blocks on offer include the Nagykata, Mogyorod and Ocsa permits. It is understood that a negotiable share in the contracts is offered. The 551 sq km NagykÃ¡ta block is located in the JÃ¡szâNagykunâSzolnok and Pest political provinces, some 45 km east of the capital city of Budapest.