On 25 January 2018, the award of the DrÃ¡vapalkonya contract in southwestern Hungary, pre-awarded to Hungarian Horizon Energy Group Kft (HHE) in November 2017, was signed off by the Minister for National Development and thus became official.  The 1,061 sq km DrÃ¡vapalkonya area is located in the Baranya and Somogy political provinces, within the Pannonian Basin.  Background Information  On 13 June 2017, acting on behalf of the Hungarian State and in cooperation with the Hungarian Office for Mining and Geology, the Minister for National Development published an invitation to tender for a concession over the DrÃ¡vapalkonya area. The tender closed on 25 September 2017.  On 17 November 2017, following recommendation of the tender committee from the Hungarian Office for Mining and Geology, MOL was selected as the winner of the bid round for the prospection, exploration and production of hydrocarbons in the DrÃ¡vapalkonya area. The company had two months (plus additional two months extension) to negotiate the final contract.
Hungary, not found