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Brazil Round 12: A failure to unlock frontier basins


Brazil Round 12: A failure to unlock frontier basins

Report summary

Brazil's Round 12 provided a somewhat disappointing close to licensing in 2013.  Held under the existing concession system, it raised less than US$300 million in the form of signature bonuses and work commitments.  Less than 30% of the offered acreage was licensed by 12 companies, and the round largely failed in its objective to unlock frontier onshore areas prospective for unconventional gas. 


What's included?

This report includes 2 file(s)

  • Brazil Round 12: A failure to unlock frontier basins PDF - 2.35 MB 8 Pages, 3 Tables, 4 Figures
  • Brazil Round 12 A Failure to Unlock Frontier Basins.xls XLS - 121.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Limited interest in Round 12
  • A disappointing close to a bumper year
  • A limited corporate landscape dominated by Petrobras
  • Multiple factors contributed to limited interest
    • Tough terms and the lack of infrastructure
    • Local content
    • Limited data available in frontier areas

In this report there are 7 tables or charts, including:

  • Limited interest in Round 12
    • Large tracts offered in Round 12 remained unlicensed
    • Licensed blocks by basin
  • A disappointing close to a bumper year
    • Brazil Round 12: A failure to unlock frontier basins: Image 2
    • Round 12 total spending lagged relative to Round 11
  • A limited corporate landscape dominated by Petrobras
    • Licensed blocks by company
    • Brazil Round 12: A failure to unlock frontier basins: Table 2
  • Multiple factors contributed to limited interest
    • Brazil Round 12: A failure to unlock frontier basins: Table 3
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