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Brazil Round 12: A failure to unlock frontier basins

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18 December 2013

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. 

Table of contents

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

Tables and charts

This report includes 7 images and tables including:

  • Large tracts offered in Round 12 remained unlicensed
  • Licensed blocks by basin
  • Brazil Round 12: A failure to unlock frontier basins: Image 2
  • Round 12 total spending lagged relative to Round 11
  • Licensed blocks by company
  • Brazil Round 12: A failure to unlock frontier basins: Table 2
  • Brazil Round 12: A failure to unlock frontier basins: Table 3

What's included

This report contains:

  • Document

    Brazil Round 12: A failure to unlock frontier basins

    PDF 2.35 MB