UPDATE ON SECOND OIL AND GAS LICENCING ROUND
The Saharawi Arab Democratic Republic (SADR) is pleased to announce the launch of the Second Petroleum Licensing Round, to be opened in Houston, Texas, USA on 5 February, 2008. On that date, the SADR will hold a presentation highlighting the various aspects of this Licensing Round. Attendance at the presentation will be by invitation only.
A total of three onshore and six offshore blocks will be offered, totalling 192,569 square kilometres (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.
22 January 2008