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Strong interest sets new records in Brazil's Round 11


Strong interest sets new records in Brazil's Round 11

Report summary

Exploration licensing in Brazil has returned with a bang.  Following a five year hiatus, companies have offered record levels of expenditure to secure access to some of the most prospective acreage likely to be available anywhere in the world this year.  The winning companies placed bids worth a total of US$4.8 billion, split US$1.4 billion on signature bonuses and US$3.4 billion of work commitments. The main attraction of the round was the vast tracts of acreage along Brazil's Equatorial...

What's included?

This report includes 2 file(s)

  • Strong interest sets new records in Brazil's Round 11 PDF - 677.33 KB 10 Pages, 3 Tables, 4 Figures
  • Strong interest sets new records in Brazils Round 11 May 2013.xls XLS - 145.50 KB

Description

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  • Executive summary
  • Records broken in long-awaited round
    • Record expenditure offered reflects appetite for frontier acreage
  • Analysis of bidding by basin
    • Offshore - the Equatorial Margin is the centre of attention
    • Onshore - high levels of interest
  • Analysis of bidding by company
    • Strong showing by Latin American companies
    • Big bids from international companies with existing portfolios
    • BHP Billiton leads the new entrants
  • Attention now turns to the Round 12 and the inaugural pre-salt round

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

  • Executive summary
  • Records broken in long-awaited round
    • Total winning signature bonuses offered by round
  • Analysis of bidding by basin
    • A breakdown by basin
    • The 10 most sought after blocks are all offshore
    • Acreage awarded and ignored in Round 11
  • Analysis of bidding by company
    • Latin American companies make up 5 of the top 10 companies by net expenditure…
    • …and also when measured by net acreage
    • List of bidding companies
  • Attention now turns to the Round 12 and the inaugural pre-salt round
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