The Dominican Republic will offer 14 onshore and offshore blocks during its first licensing round, which will open at an event in partnership with Wood Mackenzie on July 10 in Houston.
Blocks on offer for the round, which will close in December, include six onshore blocks in the Cibao Basin, three onshore blocks in the Enriquillo Basin, one onshore block in the Azua Basin and four offshore blocks in the San Pedro Basin, according to a news release.
“During World War II, oil production was achieved in the Maleno and Higuerito fields,” the release said. “Seismic data for the Enriquillo, San Juan and Cibao Basins is held by the ministry, and recent surface and seismic stratigraphic mapping has clarified the geological story of the area.”
Undrilled prospects in the Enriquillo Basin has been identified in existing seismic data. More information is available at the Dominican Republic Ministry of Energy and Mines’ website.
Exploration platform powered by advanced digital technologies to accelerate hydrocarbon discovery.
Issues such as compensation for changing to onshore LNG project, development costs, internal rate of return and fiscal incentives remain concerns for the $20 billion project.
The company said May 20 it was officially awarded an exploration license for the 4,418-sq-km block after placing the winning bid during Argentina’s international bid round April 16.