Insight
Strong interest sets new records in Brazil's Round 11
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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...
Table of contents
- 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
Tables and charts
This report includes 7 images and tables including:
- A breakdown by basin
- Total winning signature bonuses offered by round
- The 10 most sought after blocks are all offshore
- Acreage awarded and ignored in Round 11
- 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
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