Insight
How to make upstream licensing work: a Malaysia case-study
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Report summary
The first step for any country obtaining upstream investment is getting explorers interested in the country’s remaining exploration opportunities, typically through block licensing. But with many rounds being launched across Asia and elsewhere, how do you stand out? One of the most successful countries in recent years at attracting new exploration interest has been Malaysia. Most of its active acreage has been licensed over the last few years and over US$1 billion of exploration spend has been secured through to 2027. Examining its ‘playbook’, we see some key strategies that proved effective in appealing to explorers.
Table of contents
- Executive summary
- The background
- Reinvigorating exploration
- Malaysia case-study
- Did it work?
- Regional peers
- Other rounds in motion
- Conclusion
Tables and charts
This report includes the following images and tables:
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Offshore exploration wells and resource discovered across Asia*, 2011-2023SE Asia shallow water PSC regime comparisonMalaysia – block awards since 2021, active and on-offer acreage
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Top 5 countries by discovered resource in 2023, and primary water-depthAsia-Pacific offshore exploration block awards*Offshore exploration wells drilledIndian sub-continent current blocks on offer
What's included
This report contains:
