10 February 2021 12:54 GMT Updated 10 February 2021 12:54 GMT in New Delhi Abu Dhabi’s National Oil Company (Adnoc) has awarded a key offshore exploration block to Japan’s Cosmo Energy Holdings, as a part of its second licensing round that was launched in 2019. The state-owned giant said on Wednesday it has awarded the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya, which is a wholly owned subsidiary of Japan’s Cosmo Energy Holdings. “The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial & Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA,” Adnoc added.