Sub-Sahara's bid round bonanza

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06 December 2018

Sub-Sahara's bid round bonanza

Report summary

Africa Oil Week was the catalyst for a flurry of bid round announcements and round promotion. In 2018, 14 countries announced that they will hold licensing rounds, four of which are currently open. Governments have patiently waited for the oil price recovery, but have they waited too long as prices slide into 2019? There is a surplus of frontier acreage on offer, but will the demand be there? We take an in-depth look at what's hot and what's not.

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