Q3 2017 Global Bid Round – Lebanon to Close Delayed 1st Offshore Round as Indonesia Tests New Regime

A total of 13 bid rounds are due to close in Q3 2017, of which the ‘Lease Sale 249’ round in the US offers the highest number of blocks, followed by New Zealand’s ‘2017 Block Offer’. In terms of acreage, ‘2017 Open Block Offer’ in New Zealand offers the most acreage of all the rounds due to close in the quarter, followed by the US’s ‘Lease Sale 249’. Lebanon’s is expected to close its delayed ‘1st Offshore Licensing Round’ in September 2017. Indonesia would also close its ‘2017 Conventional Direct Proposal Tender Round’ in the month.

Scope

Provides overview of global bid rounds due to close in Q3 2017

Major developments related to bid rounds in Q2 2017

Information on each bid round due to close in Q3 2017 by country

Recent exploration and licensing history of countries where bids are due to close in the quarter

Overview of bid rounds due to close in Q4 2017

Reasons to buy

Obtain the most up to date information available on the global bid rounds due to close in Q3 2017

Gain insight on bid rounds and blocks on offer by country

Keep abreast of recent developments on the global bid rounds

Facilitate decision making on the basis of strong data on the global bid rounds

Table of Contents

1. Table of Contents 1

1.1. List of Tables 3

1.2. List of Figures 5

2. Key Highlights 7

2.1. Overview of Global Bid Rounds Closing in Q3 2017 8

2.2. Upcoming Bid Rounds in Q4 2017 10

3. Recent Bid Round Developments 11

3.1. 23 Jun 2017: NPD: Ready for 24th Licensing Round on Norwegian Shelf 11

3.2. 20 Jun 2017: Cairn secures new licences in Mexico bid round 11

3.3. 12 Jun 2017: Republic Of Guinea Announces First Offshore Licensing Round 12

3.4. 05 Jun 2017: Seven Winners of Equatorial Guinea Oil and Gas Licensing Round Announced At AOP 12

3.5. 25 May 2017: Petrobras: Exercise of Preferential Right in Second and Third Bidding Rounds For Areas under Production Sharing Regime 13

3.6. 03 May 2017: Ministerio de Minas e Energia: CNPE Authorizes 3rd Round of Bids for Pre-Salt Areas 14

4. Q3 2017 Bid Round Overview – Mexico 16

4.1. Recent Licensing and Exploration History – Mexico 19

5. Q3 2017 Bid Round Overview – US 21

5.1. Recent Licensing and Exploration History – US 23

6. Q3 2017 Bid Round Overview – Norway 27

6.1. Recent Licensing and Exploration History – Norway 29

7. Q3 2017 Bid Round Overview – New Zealand 33

7.1. Recent Licensing and Exploration History – New Zealand 35

8. Q3 2017 Bid Round Overview – Indonesia 37

8.1. Recent Licensing and Exploration History – Indonesia 40

9. Q3 2017 Bid Round Overview – Argentina 42

9.1. Recent Licensing and Exploration History – Argentina 44

10. Q3 2017 Bid Round Overview – Lebanon 46

10.1. Recent Licensing and Exploration History – Lebanon 48

11. Q3 2017 Bid Round Overview – China 49

11.1. Recent Licensing and Exploration History – China 52

12. Q3 2017 Bid Round Overview – Brazil 55

12.1. Recent Licensing and Exploration History – Brazil 58

13. Appendix 60

13.1. Abbreviations 60

13.2. Methodology 60

13.2.1. Coverage 60

13.2.2. Secondary Research 60

13.3. Contact Us 61

13.4. Disclaimer 61

List of Tables

Table 1: Q3 2017 Bid Round Overview 9

Table 2: Upcoming Bid Rounds in Q4 2017 10

Table 3: Mexico – ‘Round 2 – Onshore Exploration (R02-L02 / 2016)’ Overview 16

Table 4: Mexico – ‘Round 2 – Onshore Exploration (R02-L03 / 2016)’ Overview 17

Table 5: Mexico – Recent Discovery Wells 20

Table 6: US – ‘Lease Sale 249’ Overview 21

Table 7: US – Recent Discovery Wells 24

Table 8: US – Recent Discovery Wells (Contd. 1) 25

Table 9: US – Recent Discovery Wells (Contd. 2) 26

Table 10: Norway– ‘APA 2017’ Overview 27

Table 11: Norway – Recent Discovery Wells 30

Table 12: Norway – Recent Discovery Wells (Contd.) 31

Table 13: Norway – Recent Discovery Wells (Contd. 1) 32

Table 14: New Zealand – ‘2017 Block Offer’ Overview 33

Table 15: New Zealand – Recent Discovery Wells 36

Table 16: Indonesia – ‘2017 Unconventional Direct Proposal Tender Round’ Overview 37

Table 17: Indonesia – ‘2017 Conventional Direct Proposal Tender Round’ Overview 37

Table 18: Indonesia – ‘2017 Unconventional Regular Tender Round’ Overview 38

Table 19: Indonesia – ‘2017 Conventional Regular Tender Round’ Overview 38

Table 20: Indonesia – Recent Discovery Wells 41

Table 21: Argentina– ‘Licensing Round 5 – Province of Neuquen’ Overview 42

Table 22: Argentina – Recent Discovery Wells 45

Table 23: Lebanon – ‘1st Offshore Licensing Round’ Overview 46

Table 24: China – ‘2017 Open Blocks’ Overview 49

Table 25: China – Recent Discovery Wells 53

Table 26: China – Recent Discovery Wells (Contd.) 54

Table 27: Brazil – ‘14th Bidding Round’ Overview 55

Table 28: Brazil – Recent Discovery Wells 59

List of Figures

Figure 1: Blocks on Offer by Bid Round and Terrain 8

Figure 2: Mexico – State Take Comparison – Regional Peers 18

Figure 3: Mexico – Recent Bid Round Results 19

Figure 4: Mexico – Blocks Held by Company 19

Figure 5: US – State Take Comparison – Regional Peers 22

Figure 6: US – Recent Bid Round Results 23

Figure 7: US – Blocks Held by Company 23

Figure 8: Norway – State Take Comparison – Regional Peers 28

Figure 9: Norway – Recent Bid Round Results 29

Figure 10: Norway – Blocks Held by Company 29

Figure 11: New Zealand – State Take Comparison – Regional Peers 34

Figure 12: New Zealand – Recent Bid Round Results 35

Figure 13: New Zealand – Blocks Held by Company 35

Figure 14: Indonesia – State Take Comparison – Regional Peers 39

Figure 15: Indonesia – Recent Bid Round Results 40

Figure 16: Indonesia – Blocks Held by Company 40

Figure 17: Argentina – State Take Comparison – Regional Peers 43

Figure 18: Argentina – Recent Bid Round Results 44

Figure 19: Argentina – Blocks Held by Company 44

Figure 20: Lebanon – State Take Comparison – Regional Peers 47

Figure 21: China – State Take Comparison – Regional Peers 51

Figure 22: China – Recent Bid Round Results 52

Figure 23: China – Blocks Held by Company 52

Figure 24: Brazil – State Take Comparison – Regional Peers 57

Figure 25: Brazil – Recent Bid Round Results 58

Figure 26: Brazil – Blocks Held by Company 58

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