Glossaria.net

Glossary Oil and Gas Field Operations / Term

Licence Block

A section of continental shelf area bounded by latitude and longitude lines, generally at one degree intervals, and subdivided into smaller areas. The 'licences' are sold to companies giving them oil exploration rights.

Permanent link Licence Block - Creation date 2020-06-07


< L.I.B Glossary / Oil and Gas Field Operations Licence Round >