Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Adnoc launched its second licensing round on 1 May with Upstream Executive Director Abdulmunim al-Kindy saying he intends to “aggressively accelerate our exploration program.” Five blocks have been offered up and bids are due by end-November (see table 1). Mr Kindy says that Adnoc plans to make the first awards in 1Q 2020.
This new bid round has been launched barely a year after Adnoc announced its debut licensing round in April 2018 ( MEES, 13 April 2018 ). That first bid round offered up six blocks and was completed in March this year ( MEES, 29 March ). Five of the six blocks were awarded, with the remaining Onshore Block 2 withheld while Adnoc conducted further studies on its unconventional potential. It has now been included in the new bid round. (CONTINUED - 1379 WORDS)
DATA INSIDE THIS ARTICLE
|table||1: Abu Dhabi 2019 Licensing Round|
|table||2: Abu Dhabi 2018 Licensing Round Awards|