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UAE: Adnoc launches second oil and gas bidding round

Abu Dhabi National Oil Company (Adnoc) launched the second of a planned five competitive bidding rounds for oil and gas exploration. The round was announced on 1 May and covers three offshore and two onshore blocks. In total, the blocks cover an area of approximately 34,000 km2. Some 11,000 km2 is covered by Offshore Block 3, which partially overlaps with existing concessions held by international oil companies (IOCs).

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