UAE's ADNOC launches second oil, gas licensing round

01/05/2019 Argaam

Abu Dhabi National Oil Company (ADNOC) said on Wednesday that it has launched the second exploration bid round for five new oil and gas blocks.

 

The bidding will be for both conventional and unconventional resources, and the successful bidders will enter into agreements granting them exploration rights, ADNOC said in a statement.

 

The new blocks are three offshore and two onshore.

 

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