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A licence for hydrocarbons and related activities is based on standard terms and guidelines. It is possible to acquire an exploration and exploitation licence (exclusive) and a prospecting licence (non-exclusive).

Exploration and exploitation licence
A licence for hydrocarbons is given as exclusive rights to explore and exploit hydrocarbons within the given licence area on the given terms.

Prospecting licence
A prospecting licence for hydrocarbons gives a non-exclusive right to carry out activities that could help decide whether, and if so in which area, exploration for hydrocarbons should be done.