Q1 2020 Global Bid Round Outlook – Increase in Deepwater Acreage Offered in Q1 2020

In Q1 2020, 16 licensing rounds are open with seven scheduled to close in the quarter. Africa is hosting the largest volume of licensing rounds in the quarter. Four countries in Africa are hosting one licensing round each. Three countries in Asia are also hosting one round each. The US Lease Sale 254 is offering the largest volume of acreage and will be held in March 2020. Although not all bid-acreage has been disclosed, the largest number of blocks available is located offshore, with the US offering a significant portion of this.

Scope

Provides an overview of global bid rounds for 2020

Information on each bid round due to close in Q1 2020 by region and country

Upcoming open bid rounds by region and country

Information on recent exploration and licensing history of countries of bid rounds wherever available

State take comparison with regional peers

Reasons to buy

Obtain the most up to date information available on global bid rounds

Gain insight on bid rounds and blocks on offer by country and region

Keep abreast of licensing history in countries where bid rounds are open or due to close

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

Table of Contents

1. Table of Contents 2

1.1. List of Tables 6

1.2. List of Figures 8

2. Key Highlights & Trends 10

3. Global Bid Round Summary 11

3.1. Global Reported Bid Round Activity 15

3.2. Open Bid Rounds 15

3.3. Upcoming Bid Rounds 16

4. Q1 2020 Bid Round Overview 17

4.1. Rounds Closing this Quarter 17

5. Africa 20

5.1. Q1 2020 Closing Bid Rounds 20

5.1.1. SIERRA LEONE 21

5.1.1.1. 4th Offshore Licensing Round (Direct and Open Tender) – Closing February 2020 21

5.2. Q1 2020 Open Bid Rounds 23

5.2.1. GABON 24

5.2.1.1. 12th Gabon Shallow & Deep Water Licensing Round – Opened November 2018 24

5.2.2. UGANDA 26

5.2.2.1. Second Licensing Round (Round 2019) – Opened May 2019 26

5.2.3. SENEGAL 28

5.2.3.1. 2020 Licensing Round – Opened January 2020 28

5.3. Upcoming Bid Rounds 30

5.3.1. ALGERIA 31

5.3.2. ANGOLA 31

5.3.3. COTE D’IVOIRE 31

5.3.4. DEMOCRATIC REPUBLIC OF CONGO 32

5.3.5. EGYPT 32

5.3.6. EQUATORIAL GUINEA 32

5.3.7. GHANA 33

5.3.8. KENYA 33

5.3.9. LIBERIA 33

5.3.10. MOZAMBIQUE 33

5.3.11. NIGERIA 33

5.3.12. NIGERIA-SAO TOME AND PRINCIPE JDZ 34

5.3.13. SOMALIA 34

5.3.14. SOUTH AFRICA 34

5.3.15. SOUTH SUDAN 34

5.3.16. SUDAN 34

5.3.17. TANZANIA 35

6. Asia 36

6.1. Q1 2020 Closing Bid Rounds 36

6.1.1. INDIA 37

6.1.1.1. Hydrocarbon Exploration & Licensing Policy (HELP) – OALP Bid Round-V – Closing March 2020 37

6.2. Q1 2020 Open Bid Rounds 40

6.2.1. MALAYSIA 41

6.2.1.1. Petronas Licensing Round 2020 41

6.2.2. TIMOR-LESTE 43

6.2.2.1. Second Licensing Round 2019/2020 – Closing October 2020 43

6.3. Upcoming Bid Rounds 45

6.3.1. BANGLADESH 45

6.3.2. CHINA 45

6.3.3. INDIA 46

6.3.4. INDONESIA 46

6.3.5. MYANMAR 46

6.3.6. PAKISTAN 46

6.3.7. SRI LANKA 46

6.3.8. THAILAND 47

7. Caribbean 48

7.1. Q1 2020 Open Bid Rounds 48

7.1.1. CUBA 49

7.1.1.1. First Offshore License Round 2019 – Opened June 2019 49

7.2. Upcoming Licensing Rounds 51

7.2.1. BARBADOS 51

7.2.2. DOMINICAN REPUBLIC 51

7.2.3. TRINIDAD AND TOBAGO 51

8. Europe 52

8.1. Q1 2020 Open Bid Rounds 52

8.1.1. BOSNIA AND HERZEGOVINA 53

8.1.1.1. 2019 Bidding Round – Opened October 2019 53

8.2. Upcoming Bid Rounds 55

8.2.1. DENMARK 55

8.2.2. MONTENEGRO 55

8.2.3. NORWAY 55

8.2.4. UK 55

9. Former Soviet Union 56

9.1. Q1 2020 Closing Bid Rounds 56

9.1.1. UKRAINE 57

9.1.1.1. PSA Tender Round 2019, Closing February 2020 57

9.2. Upcoming Bid Rounds 59

9.2.1. UKRAINE 59

9.2.2. GEORGIA 59

9.2.3. RUSSIA 59

10. Middle East 60

10.1. Q1 2020 Open Bid Rounds 60

10.1.1. LEBANON 61

10.1.1.1. 2nd Offshore Licensing Round – Opened in April 2019 61

10.2. Upcoming Bid Rounds 63

10.2.1. IRAQ 63

10.2.2. ISRAEL 63

10.2.3. UNITED ARAB EMIRATES 63

11. North America 64

11.1. Q1 2020 Closing Bid Rounds 64

11.1.1. US 65

11.1.1.1. Lease Sale 254 – Closing March 2020 65

11.2. Q1 2020 Open Bid Rounds 67

11.2.1. CANADA 68

11.2.1.1. NL16-CFB03 – Closing November 2019 68

11.3. Upcoming Bid Rounds 70

11.3.1. US 70

12. Oceania 71

12.1. Q1 2020 Closing Bid Rounds 71

12.1.1. AUSTRALIA 72

12.1.1.1. 2019 Offshore Acreage Release Round – Closing March 2020 72

12.1.1.2. 2019 Queensland Competitive Tender Round-2 – Closing February 2020 73

12.2. Upcoming Bid Rounds 75

12.2.1. AUSTRALIA 75

12.2.2. NEW ZEALAND 75

13. South America 76

13.1. Q1 2020 Closing Bid Rounds 76

13.1.1. PERU 77

13.1.1.1. Bidding Round 2019 (Block 201) – Closing January 2020 77

13.2. Upcoming Bid Rounds 79

13.2.1. ARGENTINA 79

13.2.2. BRAZIL 80

13.2.3. ECUADOR 80

13.2.4. GUYANA 81

13.2.5. PERU 81

13.2.6. URUGUAY 81

14. Appendix 82

14.1. Methodology 82

14.1.1. COVERAGE 82

14.1.2. SECONDARY RESEARCH 82

14.2. Contact Us 82

14.3. Disclaimer 83

List of Tables

Table 1: Global, Open and Upcoming Bid Rounds by Region and Bid Due Date 11

Table 2: Q1 2020 Closing Bid Rounds Overview 18

Table 3: Africa, Closing Bid Rounds, Arranged by Bid Due Date 20

Table 4: 4th Offshore Licensing Round, Overview 21

Table 5: Africa, Open Bid Rounds, Arranged By Bid Due Date 23

Table 6: 12th Gabon Shallow and Deep Water Licensing Round Overview 24

Table 7: Second Licensing Round (Round 2019) Overview 26

Table 8: 2020 Licensing Round, Overview 28

Table 9: Africa, Upcoming Bid Rounds 30

Table 10: Asia, Closing Bid Rounds, Arranged by Bid Due Date 36

Table 11: Hydrocarbon Exploration & Licensing Policy (HELP) – OALP Bid Round-V Overview 37

Table 12: Asia, Open Bid Rounds 40

Table 13: Petronas Licensing Round 2020 Overview 41

Table 14: Second Licensing Round 2019/2020 Overview 43

Table 15: Asia, Upcoming Bid Rounds 45

Table 16: Caribbean, Open Bid Rounds, Arranged by Bid Due Date 48

Table 17: First Offshore License Round 2019 Overview 49

Table 18: Caribbean, Upcoming Bid Rounds 51

Table 19: Europe, Open Bid Rounds, Arranged By Bid Due Date 52

Table 20: 2019 Bidding Round Overview 53

Table 21: Europe, Upcoming Bid Rounds 55

Table 22: Former Soviet Union, Closing Bid Rounds 56

Table 23: PSA Tender Round 2019 Overview 57

Table 24: Former Soviet Union, Upcoming Bid Rounds 59

Table 25: Middle East, Open Bid Rounds, Arranged by Bid Due Date 60

Table 26: 2nd Offshore Licensing Round Overview 61

Table 27: Middle East, Upcoming Bid Rounds 63

Table 28: North America, Closing Bid Rounds 64

Table 29: Lease Sale 254 Overview 65

Table 30: North America, Open Bid Rounds 67

Table 31: NL16-CFB03 Overview 68

Table 32: North America, Upcoming Bid Rounds 70

Table 33: Oceania, Closing Bid Round 71

Table 34: 2019 Offshore Acreage Release Round Overview 72

Table 35: 2019 Queensland Competitive Tender Round-2 Overview 73

Table 36: Oceania, Upcoming Bid Rounds 75

Table 37: South America, Closing Bid Rounds, Arranged By Bid Due Date 76

Table 38: Bidding Round 2019 (Block 201) Overview 77

Table 39: South America, Upcoming Bid Rounds 79

List of Figures

Figure 1: Global Reported Bid Round Activity, 2020-2025 15

Figure 2: Global Open Bid Rounds, Q1 2020 15

Figure 3: Global Upcoming Bid Rounds 16

Figure 4: Q1 2020 Closing Bid Rounds 17

Figure 5: Q1 2020 Closing Bid Rounds: Blocks on Offer by Bid Round and Terrain 18

Figure 6: Q1 2020 Closing Bid Rounds: Blocks on Offer by Terrain and Country 19

Figure 7: Q1 2020 Closing Bid Rounds: State Take Comparison of Countries 19

Figure 8: Sierra Leone, Map of 4th Offshore Licensing Round 21

Figure 9: Sierra Leone, State Take Comparison – Regional Peers 22

Figure 10: Sierra Leone, Recent Bid Round Results* 22

Figure 11: Gabon, Map of 12th Gabon Shallow and Deep Water Licensing Round 24

Figure 12: Gabon, State Take Comparison – Regional Peers 25

Figure 13: Gabon, Recent Bid Round Results* 25

Figure 14: Uganda, Map of Second Licensing Round (Round 2019) 26

Figure 15: Uganda, State Take Comparison – Regional Peers 27

Figure 16: Uganda, Recent Bid Round Results* 27

Figure 17: Senegal, Map of 2020 Licensing Round 28

Figure 18: Senegal, State Take Comparison – Regional Peers 29

Figure 19: Senegal, Recent Bid Round Results* 29

Figure 20: India, Map of Hydrocarbon Exploration & Licensing Policy (HELP) – OALP Bid Round-IV 38

Figure 21: India, State Take Comparison – Regional Peers 39

Figure 22: India, Recent Bid Round Results 39

Figure 23: Malaysia, Map of Petronas Licensing Round 2020 41

Figure 24: Malaysia, State Take Comparison – Regional Peers 42

Figure 25: Malaysia, Recent Bid Round Results 42

Figure 26: Timor-Leste, Map of Second Licensing Round 2019/2020 43

Figure 27: Timor-Leste, State Take Comparison – Regional Peers 44

Figure 28: Timor-Leste, Recent Bid Round Results 44

Figure 29: Cuba, Map of First Offshore License Round 2019 49

Figure 30: Cuba, State Take Comparison – Regional Peers 50

Figure 31: Bosnia and Herzegovina, Map of First Offshore License Round 2019 53

Figure 32: Ukraine, Map of PSA Tender Round 2019 57

Figure 33: Ukraine, State Take Comparison – Regional Peers 58

Figure 34: Ukraine, Recent Bid Round Results 58

Figure 35: Lebanon, Map of 2nd Offshore Licensing Round 61

Figure 36: Lebanon, State Take Comparison – Regional Peers 62

Figure 37: Lebanon, Recent Bid Round Results* 62

Figure 38: US, State Take Comparison – Regional Peers 65

Figure 39: US, Recent Bid Round Results 66

Figure 40: Canada, Map of NL16-CFB03 68

Figure 41: Canada, State Take Comparison – Regional Peers 69

Figure 42: Canada, Recent Bid Round Results* 69

Figure 43: Australia, Map of 2019 Offshore Petroleum Exploration Acreage Release (SA) 72

Figure 44: Australia, Map of 2019 Queensland Competitive Tender Round-2 73

Figure 45: Australia, State Take Comparison – Regional Peers 74

Figure 46: Australia, Recent Bid Round Results 74

Figure 47: Peru, Map of Bidding Round 2019 (Block 201) 77

Figure 48: Peru, State Take Comparison – Regional Peers 78

Figure 49: Peru, Recent Bid Round Results 78

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