The government of the United Arab Emiratesâ Ras Al Khaimah launched its first petroleum licensing round on Monday. The licensing round offers seven areas, including four shallow water offshore blocks and three onshore blocks, covering almost the entire emirate, the Ras Al Khaimah (RAK) government said in a statement.Ras Al Khaimah Offshore and Onshore Acreage are currently unlicensed. Building on legacy work and studies, RAK Gas reviewed the offshore and onshore subsurface potential, using Play Based Exploration (PBE), to build a rejuvenated Exploration Portfolio. RAK Gas has committed to organise a License Round for its entire offshore and onshore concessions in 2018, to allow companies bid for acreage.The following blocks are on offer:Data Rooms will be open in Ras Al Khaimah and London.Click here for further informationOriginal article linkSource: Reuters
The government of the United Arab Emiratesâ Ras Al Khaimah launched its first petroleum licensing round on Monday. The licensing round offers seven areas, including four shallow water offshore blocks and three onshore blocks, covering almost the entire emirate,