KEYFACT Energy
The Dominican Republic First Oil and Gas Licensing Round has been concluded today with the award to Apache Dominican Republic Corporation, LDC subsidiary of Apache Corporation, of the SP2 block offshore in the San Pedro de Macorís basin for Oil and Gas E&P.
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.