The deadline to submit bids for the onshore and offshore blocks is Feb.18, 2015.
Although Arctic exploration has slowed, thoughts are still on the region and oil and gas companies are still targeting arctic resources.
The country plans to offer shallow-water blocks in addition to deepwater and unconventional blocks.
The West African country is making available seven blocks offshore to potential investors.
The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.