The Ministry for National Development, in cooperation with the Hungarian Office for Mining and Geology, is preparing the countryâs next â sixth, 2018 â bid round for the prospection, exploration and production of hydrocarbons. In preparation for the round, the authorities have prepared over 35 blocks for licensing in the western, central and central-eastern part of the country. As during the period 2013-17, the opening of the round is expected in late May/June 2018, with some nine areas offered for the hydrocarbon operations and one to two blocks for the hydrothermal energy. The tender documents will be published in the EU Official Journal, marking the onset of the bid round.  The tender call will have three-month duration, closing in mid/late September 2018. The bid winners are expected to be pronounced in November 2018, with the awards of the contracts expected in early 2019. The list of the areas on offer may include seven-eight blocks (plus additional plot(s) for geothermal purposes).  Background Information  The countryâs first bid round was pronounced in 2013 and had little success (two awards). Following modifications to the legal and fiscal terms, the tenders conducted in 2014, 2015, 2016 and 2017 attracted significant attention and resulted with the awards of 17 new concessions (awards from the 2017 round are expected in February 2018).
The Ministry for National Development, in cooperation with the Hungarian Office for Mining and Geology, is preparing the countryâs next â sixth, 2018 â bid round for the prospection, exploration and production of hydrocarbons. In preparation for the round, the authorities have prepared over 35 blocks for licensing in the western, central and central-eastern part of the country. 