The phrase "auction of exploration" is correct and usable in written English.
It can be used in contexts related to selling or bidding on opportunities or rights related to exploration, such as in the fields of mining, oil, or scientific research.
Example: "The government announced an auction of exploration rights for the newly discovered mineral deposits in the region."
Alternatives: "bidding for exploration" or "sale of exploration rights".
Environmentalists challenged the auction of exploration rights, so far unsuccessfully, which precedes applications and approvals for actual drilling permits.
The government quickly withdrew the blocks adjoining Tupi from a forthcoming auction of exploration rights.In this section Nasty, brutish and short From buy-backs to sell-backs Sachs appeal Derailed?
An auction of exploration blocks to drillers has already been delayed and will probably be postponed again.As with everything else in Lebanon, Syria's civil war, which has exposed once more the factionalism in Lebanese politics, hangs over even this technocratic matter.
Britain's BG Group has a 25% stake in the Tupi field, and Portugal's Galp Energia holds 10%.The government followed up the announcement of the Tupi field by withdrawing neighbouring blocks from an auction of exploration rights due later this month.
OGX was created just in time to become one of the first and last big players in an auction of exploration licenses by the Brazilian National Petroleum Agency.
Although there have been auctions of exploration rights in India, few foreign firms have a big presence.
The company is due next month to carry out an important auction for exploration rights of an oil field off the Rio de Janeiro state coast.
Baghdad criticized the move as illegal and barred Exxon, which has a contract to expand production at one of the largest Iraqi oil fields, called West Qurna, from bidding in a recent auction for exploration acreage.
The process will begin in earnest in mid-July with an initial auction of 14 oil exploration areas in the Gulf of Mexico.
Iraq will soon announce its plan to auction of oil and gas exploration licenses for 12 blocks, he said, its fourth since the new government was installed after the demise of the regime of Saddam Hussein.
| The Russians also excelled in the realm of space travel, as Swann's annual auction of items related to space exploration (April 17) attests.
