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UAE: Adnoc launches first competitive licensing round

Abu Dhabi launched a competitive bidding process for the first time on 10 April, covering four onshore and two offshore oil and gas blocks. The blocks are between 2,500km2 and 6,300km2 each and in total cover close to 30,000km2. Some discoveries have already been made in these areas and across the six blocks there are 310 targeted reservoirs from 110 prospects and leads. Some blocks are said to contain significant potential for unconventional resources.

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