Insight
Upstream licensing round quarterly: an underwhelming end to 2021
Report summary
A “new normal” emerged in 2021, with smaller rounds and more selective bidders. Q4 closed with underwhelming results. The number of newly launched rounds picked up from earlier quarters, and they offer a wide variety of opportunities around the globe. Despite hopes for a revival, the total acreage awarded in 2021 was down by more than one-third compared to 2020. In contrast, the number of licences awarded increased, reflecting smaller block sizes. The drivers for changing licensing patterns are short-term, long-term and structural. They have wide implications for the future of exploration.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
24 February 2023
Licensing in 2022 and what lies ahead
Insight
Licensing in 2022 and what lies ahead
Licensing in 2022 continued to fly under the radar.
$1,30018 January 2023
Philippines upstream fiscal summary
Country Report
Philippines upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,65019 December 2022
Brazil's pre-salt coverage overview
Insight
Brazil's pre-salt coverage overview
Brazil's pre-salt is one of the most relevant deepwater plays with a huge resource base and impressive well productivity.
$1,350