SECOND LICENCING ROUND EXTENSION
The Saharawi Republic (SADR) has extended the closing date of the Second Licensing Offering to 31st March, 2009. The round was originally launched in Houston, Texas on 5 February, 2008, but the global financial crisis, and the recent plunge in oil prices have convinced the SADR authorities to delay the closing date for the offering.
A total of three onshore and six offshore blocks are being offered, totaling 192,569 square kilometers (48 million acres). Water depths in the offshore blocks range from 0 to 3,600 meters.
14 November 2008