LAUNCH OF SECOND OIL AND GAS LICENCING ROUND
The Saharawi Arab Democratic Republic (SADR) is pleased to announce the holding of a Second Petroleum Licensing Round, to be opened in Houston, Texas, USA in early 2008.
A total of three onshore and six offshore blocks will be offered, totaling 192,569 square kilometers (48 million acres). Water depths in the offshore blocks range from 0 to 3,600 meters.
Most of the blocks lie in the under-explored Mesozoic and Tertiary Aaiun Basin, where the most recent extensive oil and gas exploration program was accomplished in the late fifties and early sixties. This earlier exploration program proved the existence of a sedimentary section at least 6,000 meters thick, and the presence of all of the ingredients for a working petroleum system.
25 October 2007