Q3 2016 Global Bid Round Outlook - Cyprus 3rd Round Bidding Marks First of the Quarter


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Q3 2016 Global Bid Round Outlook - Cyprus 3rd Round Bidding Marks First of the Quarter

Summary

Globally six bid rounds are due to close in Q3 2016, apart from Cyprus third round, which had already closed on July 22. Six bids were received for three blocks that are on offer in the Cyprus third round. Lease Sale 248 in the US offers the highest number of blocks among the bid rounds due to close in the quarter. Norways bid round, the APA 2016, offers the second highest number of blocks. Egyptian General Petroleum Corporation is due to close its 2016 round in the quarter, which for the first time offers a PSA that adjusts the profit split according to price as well as production, similar to the framework already offered by other major NOCs in Egypt - GANOPE and EGAS.

Scope

- Provides overview of global bid rounds due to close or closed in Q3 2016
- Major developments related to bid rounds in Q2 2016
- Information on each bid round due to close in Q3 2016 by country
- Recent exploration and licensing history of countries where bids are due to close in the quarter
- Overview of bid rounds due in Q4 2016

Reasons to buy

- Obtain the most up to date information available on global bid rounds due to close in Q3 2016
- Gain insight on bid rounds and blocks on offer by country
- Keep abreast of recent developments on global bid rounds
- Facilitate decision making on the basis of strong data on global bid rounds

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Q3 Global Bid Round Outlook 7
2.1 Key Highlights 7
2.2 Overview of Global Bid Rounds Closing in Q3 2016 8
2.3 Recent Bid Round Developments 9
2.3.1 9 Jun 2016: Mexico To Start Next Oil And Gas Bidding Round By End Of June 2016 9
2.3.2 8 Jun 2016: The Government Of The Republic Of Croatia Approved Signing Of 6 Onshore Production Sharing Agreements 9
2.3.3 6 Jun 2016: Equatorial Guinea launches oil and gas licensing round 10
2.3.4 6 Jun 2016: India Begins Roadshow To Offer 67 Discovered Small Oil And Gas Fields 11
2.3.5 3 Jun 2016: Government Of Ireland: 2015 Atlantic Margin Oil And Gas Exploration Licensing Round - Phase 2 Awards 12
2.3.6 26 May 2016: Cyprus To Complete Third Offshore Natural Gas Licensing Round In Early 2017 12
2.3.7 18 May 2016: Norway Announces 23rd Licensing Round Awards 13
2.3.8 14 May 2016: Kenya To Conduct Licensing Round For 17 New Oil Exploration Blocks In 2017 14
2.3.9 6 Apr 2016: Danish 7th Round Licenses Awarded: Nordsofonden Will Invest About 200 Million DKK In Exploration Programs First Phase 15
2.3.10 4 Apr 2016: Shell Withdraws Application From Norway's Arctic-Focused Oil Licensing Round 16
2.4 Q3 Bid Round Overview - Cyprus 17
2.5 Recent Licensing and Exploration History - Cyprus 18
2.6 Q3 Bid Round Overview - US 20
2.7 Recent Licensing and Exploration History - US 21
2.8 Q3 Bid Round Overview - Egypt 28
2.9 Recent Licensing and Exploration History - Egypt 30
2.10 Q3 Bid Round Overview - Indonesia 35
2.11 Recent Licensing and Exploration History - Indonesia 37
2.12 Q3 Bid Round Overview - Norway 40
2.13 Recent Licensing and Exploration History - Norway 41
2.14 Q3 Bid Round Overview - New Zealand 50
2.15 Recent Licensing and Exploration History - New Zealand 51
2.16 Q3 Bid Round Overview - Congo Republic 57
2.17 Recent Licensing and Exploration History - Congo Republic 59
2.18 Upcoming Bid Rounds in Q4 2016 61
3 Appendix 62
3.1 Abbreviations 62
3.2 Methodology 62
3.2.1 Coverage 62
3.2.2 Secondary Research 62
3.3 Disclaimer 63

1.1 List of Tables
Table 1: Q3 Bid Round Overview 8
Table 2: Cyprus - 3rd Licensing Round Overview 17
Table 3: Cyprus - Recent Discovery Wells 19
Table 4: US - Lease Sale 248 Overview 20
Table 5: US - Recent Discovery Wells 23
Table 6: US - Recent Discovery Wells (Contd. 1) 24
Table 7: US - Recent Discovery Wells (Contd. 2) 25
Table 8: US - Recent Discovery Wells (Contd. 3) 26
Table 9: US - Recent Discovery Wells (Contd. 4) 27
Table 10: Egypt - Egyptian General Petroleum Corporation International Round 2016 Overview 28
Table 11: Egypt - Recent Discovery Wells 32
Table 12: Egypt - Recent Discovery Wells (Contd. 1) 33
Table 13: Egypt - Recent Discovery Wells (Contd. 2) 34
Table 14: Indonesia - 2016 Direct Proposal Tender Round Overview 35
Table 15: Indonesia - Recent Discovery Wells 39
Table 16: Norway - APA 2016 Overview 40
Table 17: Norway - Recent Discovery Wells 43
Table 18: Norway - Recent Discovery Wells (Contd. 1) 44
Table 19: Norway - Recent Discovery Wells (Contd. 2) 45
Table 20: Norway - Recent Discovery Wells (Contd. 3) 46
Table 21: Norway - Recent Discovery Wells (Contd. 4) 47
Table 22: Norway - Recent Discovery Wells (Contd. 5) 48
Table 23: Norway - Recent Discovery Wells (Contd. 6) 49
Table 24: New Zealand - 2016 Block Offer Overview 50
Table 25: New Zealand - Recent Discovery Wells 53
Table 26: New Zealand - Recent Discovery Wells (Contd. 1) 54
Table 27: New Zealand - Recent Discovery Wells (Contd. 2) 55
Table 28: New Zealand - Recent Discovery Wells (Contd. 3) 56
Table 29: Congo Republic - License Round 2016 Overview 57
Table 30: Congo Republic, Recent Discovery Wells 60
Table 31: Upcoming Bid Rounds in Q4 2016 61

1.2 List of Figures
Figure 1: Blocks on Offer by Bid Round and Terrain 8
Figure 2: Cyprus - State Take Comparison - Regional Peers 17
Figure 3: Cyprus - Recent Bid Round Results 18
Figure 4: Cyprus - Blocks Held by Company 19
Figure 5: US - State Take Comparison - Regional Peers 20
Figure 6: US - Recent Bid Round Results 21
Figure 7: US - Blocks Held by Company 22
Figure 8: Egypt - State Take Comparison - Regional Peers 29
Figure 9: Egypt - Recent Bid Round Results 30
Figure 10: Egypt - Blocks Held by Company 31
Figure 11: Indonesia - State Take Comparison - Regional Peers 36
Figure 12: Indonesia - Recent Bid Round Results 37
Figure 13: Indonesia - Blocks Held by Company 38
Figure 14: Norway - State Take Comparison - Regional Peers 40
Figure 15: Norway - Recent Bid Round Results 41
Figure 16: Norway - Blocks Held by Company 42
Figure 17: New Zealand - State Take Comparison - Regional Peers 50
Figure 18: New Zealand - Recent Bid Round Results 51
Figure 19: New Zealand - Blocks Held by Company 52
Figure 20: Congo Republic - State Take Comparison - Regional Peers 58
Figure 21: Congo Republic - Blocks Held by Company 59

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