- Major onshore and offshore blocks across the emirate opened for new competitive bidding round
- Estimates suggest blocks contain substantial amounts of oil and gas
- Successful bidders will have the opportunity to explore, and then develop and produce discoveries with ADNOC
- Prospective partners invited to register interest for an invitation to international roadshow presentations on new blocks
The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round.