Over 40 licensing rounds are open globally with 19 scheduled to close in the quarter. An additional 15 licensing opportunities are planned to open in Q2 2019 and looking ahead, 60 more rounds are potentially in the pipeline. Licensing opportunities are increasing in the Americas as Brazil, Canada, and the US launch licensing rounds scheduled to close within 2019.
Brazil’s Transfer of Rights Production Sharing Round is open and is expected to generate substantial interest, offering significant discovered pre-salt volumes. In addition, Argentina, Brazil, Canada, Ecuador, Guyana, Peru, and the US are planning to launch further licensing rounds.
Following Lease Sale 252 in March 2019, which yielded more than US$244 million in high bids with 30 companies participating, the Federal Government is holding Lease Sale 253 in the OCS, and the Alaskan government is promoting two further rounds.
Africa continues to offer the most open and upcoming licensing opportunities. This quarter, Ghana’s First Licensing Round and the Republic of Congo’s, Congo Licensing Round Phase II 2018-2019 are scheduled to close. Angola will host a significant portion of the upcoming licensing activity in Africa. In February 2019, the country announced its 2019-2025 licensing strategy, which includes a mix of licensing rounds and direct negotiations. The first round will launch in June 2019 offering ten blocks.
Meanwhile in Asia, notable activity includes the revision of India’s licensing policy for the Open Acreage Licensing Policy (OALP) Bid Round-IV onwards. In Europe, the UK and Faroe Islands will hold parallel rounds for acreage located between the Faroe Islands and the West of Shetland. While in the Former Soviet Union, Ukraine continues a series of licensing rounds, including acreage in the Black Sea.
More details can be found from the latest research report "Q2 2019 Global Bid Round Outlook - Americas Becoming a Licensing Hotspot".
- Provides an overview of global bid rounds for 2019
- Information on each bid round due to close in Q2 2019 by region and country
- Upcoming open bid rounds by region and country
- Information on recent exploration and licensing history of countries of bid rounds wherever available
- State take comparison with regional peers for the bid rounds.
Reasons To Buy
- Obtain the most up to date information available on global bid rounds
- Gain insight on bid rounds and blocks on offer by country and region
- Keep abreast of licensing history in countries where bid rounds are open or due to close
- Facilitate decision making on the basis of strong data on global bid rounds.