Exploration & Production

UAE's Ras al-Khaimah to tender offshore blocks

The northernmost emirate of the UAE has launched its first licensing round in the hope of finding deposits to replace its decommissioned Saleh field The northernmost emirate of the UAE has launched its first licensing round in the hope of finding deposits to replace its decommissioned Saleh field.
By Verity Ratcliffe 4 January 2018 0 28950
Ras al-Khaimah in the UAE. Ras al-Khaimah in the UAE. (Bob McCaffrey, Flickr)

Ras al-Khaimah, the northernmost emirate of the UAE, has launched its first licensing round in the hope of finding deposits to replace its decommissioned Saleh field.

The round will be run by RAK Gas, which is wholly owned by the provincial government of Ras al-Khaimah. The company opened its data room to potential investors this week, and it will remain open until early July, the company said in a statement launching the tender on Tuesday. IOCs will then be invited to submit bids over three months,...