O&GD Central Ltd (OGD) is a subsidiary of Sand Hill Petroleum BV (a Dutch corporation). OGD holds the 2,440 sqkm Körös Exploration License and the Mezőtúr-V, Tiszakécske-I, Szolnok-V and the Szolnok-VI Production Licenses (total area 136 sqkm).
During the 2nd concession bid round – launched by the Ministry of National Development in June 2014 – O&GD was awarded two areas: Nádudvar and Újléta.
O&GD participated in the 3rd concession bid round launched by the Ministry in April 2015 and was awarded four concessions: Berettyóújfalu, Mogyoród, Nagykáta and Ócsa.
The duration of the hydrocarbon concessions is twenty years from the entry into force of the contracts; this may be extended once for a maximum of ten years. The exploration period is four years long and can be extended once for a maximum of two years.
(in alphabetical order)
(awarded in 2016)
The 800 sqkm (cca 200,000 acres) Berettyóújfalu concession area is named after the city of Berettyóújfalu which is located in the center of the concession area. The concession is located to the South from the city of Debrecen and it shares borders with two other OGD license areas (Nádudvar and Újléta).
Körös (acquired in 2013)
The 2,440 sqkm (cca 600,000 acres) Körös concession area is located cca 80-100km to the South East from Budapest, the capital of Hungary. The block received its name after the Körös rivers which are crossing through the area.
Mogyoród (awarded in 2016)
The 545 sqkm (cca 135,000 acres) Mogyoród concession area is named after the town of Mogyoród (renowned for the Formula 1 Race course). The block is about 20km North East from Budapest next to the M3 motorway.
Nádudvar (awarded in 2015)
The 800 sqkm (200,000 acres) Nádudvar concession area is named after the small town Nádudvar in Hajdú-Bihar county. The area is located on the Northern part of the Great Hungarian Plain in one of the Eastern regions of Hungary.
Nagykáta (awarded in 2016)
The Nagykáta Concession covers an area of cca 555 sqkm (cca 138,000 acres). The block is named after Nagykáta, a town in Pest County about 60 km to the East from Budapest.
Ócsa (awarded in 2016)
The Ócsa Concession covers an area of cca 600 sqkm (cca 149,000 acres). The block is named after Ócsa, a town in Pest County close to the metropolitan area of Budapest about 10 km to the South East from the capital city.
Újléta (awarded in 2015)
The 800 sqkm (cca 200,000 acres) Újléta concession area is situated to the East from the city of Debrecen and along the border between Hungary and Romania. The area is named after a small village in Hajdú-Bihar county, in the Northern Great Plain region of Eastern Hungary.
Transylvanian Basin Prospecting Permits
In January, 2015, SHP Romania S.R.L. was awarded 5 prospecting permits by the Romanian National Agency for Mineral Resources. The Romanian prospecting permits grant the right to Sand Hill Petroleum Romania S.R.L. to conduct exploration activities within the defined blocks. Exploration work in the Transylvanian Basin will commence during 2015. The permit names are: Transilvania Est 1, Transilvania Est 2, Transilvania Est 3, Transilvania Vest 1, and Transilvania Vest 2.