Iceland opens inaugural offshore round

Iceland kicked off its first ever offshore licensing round today, offering more than 100 blocks covering 42,700 square kilometres (10.5 million acres) in the Dreki area of the North Atlantic.

High hopes: Iceland looks to offshore sale for cash.
High hopes: Iceland looks to offshore sale for cash.
Published 22 January 2009, 17:30Updated 10 October 2016, 13:28
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