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E & P News

2016

Dec 2016: The 4th, 2016 Bid Round offered 9 blocks for exploration but only 6 received 11 bids from 3 companies, all of whom participated in previous rounds. MOL is the only successful bidder. It has 60 days to negotiate concession agreements with the Ministry of National Development. A 5th Round is due in 2017.

2015

Apr  2015: DualEx Energy announced that gas production from the Penészlek field in the northeast has ceased due to natural depletion of the two remaining wells. The PEN 101 and PEN105 wells will be abandoned and associated facilities decommissioned.    

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