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

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

Prospecting license
A prospecting license 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.