Dominican Republic in first oil licensing round. Offers 14 blocks

The Dominican Republic on Wednesday launched its first ever oil and gas licensing round, offering 14 offshore and onshore blocks up for bidding to interested oil companies.

The blocks on offer are located in the Cibao, Enriquillo, Azua, and San Pedro basins of the Carribean island nation.

Energy intelligence group Wood Mackenzie is assisting the country’s Ministry of Energy and Mines with the evaluation, planning, and execution of the licensing round.

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