Block Bid Overview
This second block bid round provides the next major opportunity for both new and existing partners to join ADNOC in further unlocking untapped resources in one of the world’s largest hydrocarbon super-basins and a trusted and reliable investment environment.
Five blocks have been announced for commercially competitive bidding in this second round, three of which are offshore and two are onshore.
Abu Dhabi’s licensing strategy represents a major advancement in how Abu Dhabi maximizes value from its hydrocarbon resources through commercially competitive bidding, to secure the right partners for the right opportunities, and accelerate exploration and development of new commercial prospects. It is also consistent with the ADNOC Group’s expanded approach to strategic partnerships across its full value chain.
The UAE is the world’s seventh-largest oil producer, with about 96 percent of its reserves within the emirate of Abu Dhabi. Located in one of the world’s largest hydrocarbon super-basins, there remains significant undiscovered and undeveloped potential in the numerous stacked reservoirs.
On this website you can:
• View introductory information on the Abu Dhabi 2019 Bid Round Blocks
• View the 2019 Block Bid process
• Register interest to participate
• Access 2019 Block Bid Q&A Secure Website