Upstream licensing in brief Report

Insight 08 January 2025

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Report summary

Welcome to the Upstream licensing in brief where we bring you rapid, responsive opinion and analysis on the key events in upstream licensing. The report provides rolling coverage of events, combined with data, analysis and opinion from our Exploration and Fiscal experts. We cover licence awards, round announcements and key changes to policy affecting licensing. You can bookmark this report for regular updates.

Foreign investment dominates Kazakhstan’s November acreage auction
PETRONAS ends the year with new block awards
Indonesia launches 2nd bid round of 2024
Thailand’s bid round: 2024 and beyond
EGPC’s 2023 bid round underwhelms
- Newfoundland & Labrador receives no interest in 2024 lease round
Algeria reignites its upstream sector with the first bid round in a decade
Indonesia awards three exploration blocks from Round I
Liberia launches ‘direct negotiation’ licensing round
Australia finalising award of offshore acreage
Texas offers third round of CO 2 storage leases
Trinidad & Tobago's shallow water bid round failed to attract major interest
Indonesia launches 1 st Licensing Round of 2024
Chinese firms dominate Iraq's Rounds 5+ and 6
APA 2024 Norwegian licensing round announced
Nigeria launches the 2024 Bid Round
UK offers third and final tranche of 33 rd round offshore licences
CNOOC set to expand in deepwater Africa
Is the door opening to Kuwait’s offshore acreage?
Zanzibar launches its first license round
Bangladesh launches its much-awaited offshore bid round
Trinidad and Tobago extend the deadline for its shallow water bid round by two months
Libya signals plans for licensing rounds
24 licences offered in second tranche of 33rd UK oil and gas licensing round
Indigenous players dominate Angola's onshore licensing round
Norway's APA 2023 licensing round: Appetite up; is the Barents Sea back (again)?
Nigeria plans a deepwater licensing round
India tweaks OALP – IX bid round
Lebanon launches its third offshore licensing round
US GoM Lease Sale 261 closes the curtain with flair
Strong interest in Angola’s onshore licensing round
Suriname Shallow Offshore 2 (SHO2) bid round underway
Guyana gets good news: offshore bid round making progress
BP, Eni and SOCAR winners in Israel’s 4 th Offshore Bid Round
Rough sailing for offshore US lease sales
Iraq offers more blocks for exploration in Rounds 5+ and 6
US GoM Lease Sale 261 postponed due to legal action
Egypt’s EGAS wastes no time announcing block awards
Indonesia launches 3rd License Round of 2023
Egypt launches 2023 exploration bid round
Final GoM lease sale under current OCS plan
Guyana's first bid round closes with encouraging interest
Battle lines drawn as UK government progresses offshore licensing & CCUS projects
Indonesia launches 2 nd License Round of 2023
Murphy Oil returns to Africa
Suriname receives multiple bids on three offshore blocks
Indonesia signs new acreage
Round 5.2: Iraq offers small fields for development
Norway announces APA 2023 licensing round
Kazakhstan offers 26 onshore blocks in July auction
ExxonMobil set to re-enter Liberia
Newfoundland & Labrador is putting 50 parcels on offer
Indonesia releases 2023 licensing round I
Guyana delays one of the most highly anticipated bid rounds in 2023
Lease Sale 259 reflects a resurgence of optimism in US Gulf of Mexico
Oman advances its 2023 bid round
Angola to launch new onshore licensing round
Chevron and PTTEP win new blocks in Thailand
Better late then never: Iraq concludes Round 5
Malaysia Bid Round 2022 winners announced
Malaysia launches 2023 bid round
Top bids from Kazakhstan’s December auction void as buyers fail to pay in time
Norway's APA 2022 licensing round: sustained appetite, as Norwegian operators dominate
ExxonMobil awarded two deepwater blocks offshore Egypt
Successful onshore bid round results in Trinidad & Tobago
Nigeria formally launches deepwater mini-bid round
Kazakhstan announces results of December auction for onshore blocks
Egypt’s EGAS launches bid round
Results announced for Mozambique’s sixth licensing round
Caution in Brazil's first pre-salt PSC bid round under permanent offer regime
BP awarded two new exploration blocks in Egypt’s Nile Delta
Six more blocks on offer in Indonesia Petroleum Bid Round 2022
Norway government postpones 'frontier' licensing round
Mozambique's 6th licensing round: interest grows in Angoche sub-basin
Suriname launches 2022-2023 deepwater bid round
Guyana tightens terms for upcoming bid round
The regular explorers show up at Alaska’s 2022 state lease sale
2022 Newfoundland & Labrador lease sale: down but not out
Ecuador launched Intracampos II round kicking off Latin America upcoming auction agenda
India offers 26 blocks in 2022 bid round
NSTA launches 33 rd offshore licensing round in the UK
US Inflation Reduction Act leads to award of Sale 257 leases and offers moderate stability to future offshore leasing
Brazil's "open acreage" pre-salt round: who is in, who is not
Australia releases offshore licensing round and awards CCS blocks
The Democratic Republic of Congo launches bid rounds for 30 blocks
Kazakhstan announces results of July auction for onshore blocks
Indonesia launches first bid round of 2022
Angola finally wraps up 2020 onshore licensing round
CNOOC launches 2022 China offshore licensing round
Uruguay awards three deepwater blocks
BP snaps up deepwater block in Egypt's Nile Delta
Norway launches APA 2022 licensing round
New life breathed into deepwater exploration in Trinidad and Tobago
DOI pulls the plug on scheduled offshore lease sales
Newfoundland & Labrador 2022 call for bids: last call, or just another bite at the cherry?
Greece promotes renewed exploration to reduce Russian gas dependence
Kazakhstan offers record 40 onshore blocks in July auction
Brazil's Third Cycle Permanent Offer Round exceeds expectations
Kazakhstan gauges interest in onshore blocks for future auctions
Ten bids for six blocks in India's latest licensing round
Malaysia MBR 2021: Incumbents partner up for five out of six blocks
Indonesia awards: PETRONAS and BP expand positions
Italy approves new policy framework for future licensing and exploration
Gambia launches licensing round for Block A1
US Gulf of Mexico Lease Sale 257: awards under threat
Malaysia launches 2022 bid round
Malaysia lays out buffet of exploration and DRO opportunities
Norway's APA 2021 licensing round: Sustained appetite but pool of explorers shrinking
Eni dominates Egypt's bid rounds

Tables and charts

This report includes 106 images and tables including:

Block auction results, winning bids and work commitments
Bestakyr acreage won by Sozak Oil and Gas
PM515

On offer is 49 bboe in estimated resources (P50 unrisked): 26 bboe liquids and 23 bboe gas.
Indonesia 2024 2nd Licensing Round
Location map of Thailand's 24th bid round blocks
Block offered and awarded in EGPC 2023 bid round
Blocks offered in 2024 Bid Round
The awarded acreage has a total commitment of US$19.9 million
Liberian offshore acreage available for direct negotiation
Available tracts and key projects
Trinidad and Tobago shallow water bid round blocks
Two blocks have been offered in regular tender, and three under direct offer
Indonesia 2024 1st Licensing Round
Equatorial Guinea blocks on offer
Blocks awarded in Iraq's Rounds 5+ and 6
Norway APA 2024 acreage
2024 Bid round blocks
2022 Bid round blocks
Nigeria 2022 and 2024 Bid round blocks
UKCS 33rd round potential offers of awards: Tranche 3
CNOOC's blocks acquired at Mozambique 6th bid round
Current position of Kuwait’s offshore rigs and Nukehedha-1 location
Zanzibar's offered blocks, March 2024
Blocks on offer. Bangladesh offshore bid round 2024
Shallow water competitive bid round blocks
Illizi-Ghadames, Murzuq and Sirte basins - current acreage
NSTA licensing round second tranche awards
Awarded, partially awarded and open blocks
Norway APA licence round awards by region
APA 2023: awarded licences operator and commitment wells
Nigeria's deepwater acreage
OALP-IX Blocks on offer
List of blocks on offer, OALP-IX bid round
Blocks on offer in Lebanon's third bid round
Bidding companies
Angola 2023 bid round - offered blocks
Suriname Shallow Water Round (SHO2) blocks
Guyana's first offshore bid round: eight new blocks under negotiation
Israel 4th Offshore Bid Round results
Rice's Whale
EGAS 2022 blocks offered and awarded
Awarded and Non-awarded blocks in previous EGPC and GANOPE bid rounds
EGPC and GANOPE fields on offer
Deepwater GoM active blocks: licence count remains well below 2000-2015 levels
Blocks receiving bids
Indonesia's 2023 2nd bidding round: block release
Murphy Oil's Cote d'Ivoire blocks
Suriname block operators with on offer blocks 63, 65 and 67 highlighted
2023 Norway Awards in Predefined Areas
Kazakhstan - onshore blocks on offer in July 2023 auction
Blocks 15, 16, 22 and 24
Guyana blocks available for bids highlighted in blue
US GoM Sale 259 bidding
US GoM Sale 259 bidding
Oman's 2023 licensing round blocks (Batch-1)
Angola 2023 onshore licensing round
Thailand Gas Production by Field
Thailand Gas Supply/Demand Forecast
Iraq Round 5 blocks
Malaysia Bid Round 2023 open blocks
December 2022 auction - annulled winning bids
APA 2022: awarded licenses and commitment wells
Exxon’s Egyptian and Cypriot acreage
Trinidad & Tobago onshore bid round results
Awarded blocks in west Kazakhstan
EGAS 2022 bid round blocks on offer
Sixth licensing round awards
Brazil’s first PSC open acreage: four awards out of 11 offered
BP’s Egyptian acreage
Indonesia 2022 bid round II block release
Indonesia blocks awarded and 2022 Round II blocks on-offer
Frontier licence round awards
Norway exploration drilling (2011-2022)
Blocks offered in Mozambique's 6th licensing round
Map of deepwater Suriname blocks available in 2022-2023 round
Alaska annual leasing trends
OALP-IX Blocks on offer
The UK's 33rd offshore licensing round - a visual summary
ANP estimates of oil in place and chance of success
Pre-salt blocks in Brazil's "open acreage" round
Blocks on offer - Australia 2022 offshore licensing round
Bid round summary
Indonesia 2022 Bid Round I block release
2020 Angola onshore licensing round blocks
BP's Egyptian acreage
2022 Norway APA (Awards in pre-defined areas) blocks on offer
2021/2022 Deepwater licensing round results
GoM production by project status
East Newfoundland blocks on offer
South Eastern Newfoundland bids on offer
Greece - priority areas for exploration
Kazakhstan - onshore blocks on offer in July auction
Southern Santos basin blocks: Third Permanent Offer Cycle results and Concession Round 17
Kazakhstan - onshore blocks on ‘long list’ for future auctions
Block awards across OALP rounds by operator
Sarawak and Sabah awarded blocks
Indonesia 2nd Bid Round 2021: offered blocks
Indonesia 2nd Bid Round 2021: offered blocks
Italy onshore and offshore licences
Map of Gambia's A1 block
Western Gulf of Mexico bid results
Central Gulf of Mexico bid results
APA 2021: awarded licences
EGPC and EGAS blocks offered and awarded
Map of Newfoundland & Labrador leases on offer and E&A wells