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Dominican Republic: Apache awarded SP2 offshore block in Dominican Republic's first oil and gas licensing round

03 Dec 2019

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The Dominican Republic's First Oil and Gas Licensing Round was concluded November 27 with the award to Apache Dominican Republic Corp, a subsidiary of Apache Corp, of the SP2 block offshore in the San Pedro de Macorís basin.

The other areas proposed by the MEM in this first round were declared void and will be available for the next round. The terms and conditions, as well as the Round 2 schedule will be published in the days following the conclusion of this first process. The areas to be auctioned in Round 2 will be the areas not assigned in Round 1 as well as those that are proposed by stakeholders and approved by the MEM within the process schedule of Round 2.

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Source: Dominican Republic Licensing Round

Click here for Dominican Republic First Oil and Gas Licensing Round Brochure

Original article link

Source: Dominican Republic Licensing Round

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