This report deals with the Pannonian Basin Province of Central Europe and summarizes the petroleum geology, which was the basis for assessment, and presents results of that assessment. The Pannonian Basin Province consists of a large compound extensional basin of Neogene age overlying Paleogene basins and interior elements of the greater Alpine foldbelt. Within it, six total petroleum systems (TPS) are defined and six assessment units established for estimation of undiscovered oil and gas resources. Other speculative TPSs were identified but not included for quantitative assessment within this study.