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
25 May 2023
Faroe Islands upstream fiscal summary
Country Report
Faroe Islands upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,65025 May 2023
Malaysia upstream fiscal summary
Country Report
Malaysia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,65025 May 2023
Gambia upstream fiscal summary
Country Report
Gambia upstream fiscal summary
Detailed analysis of fiscal systems applicable to new licences in Gambia.
$1,650