Q4 2016 Global Bid Round Outlook - India and Mexico Offer New Regimes


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Q4 2016 Global Bid Round Outlook - India and Mexico Offer New Regimes

Summary

Globally 11 bid rounds are due to close in Q4 2016. The 29th Offshore Licensing Round in the UK offers the highest number of blocks, followed by the Indias Discovered Small Fields Bid Round-2016. India and Mexico are offering new fiscal regimes for the first time in the quarter. India is offering a new revenue sharing contract model, while Mexicos royalty/tax licenses include an additional royalty based on profitability. The 2016 Licensing Round in Equatorial Guinea offers the highest acreage of among the bid rounds due to close in this quarter, followed by the Egypts Ganope Bid Round 2016.

Scope

- Provides overview of global bid rounds due to close in Q4 2016
- Major developments related to bid rounds in Q3 2016
- Information on each bid round due to close in Q4 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 Q1 2017

Reasons to buy

- Obtain the most up to date information available on the global bid rounds due to close in Q4 2016
- 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
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 Q4 Global Bid Round Outlook 7
2.1 Key Highlights 7
2.2 Overview of Global Bid Rounds Closing in Q4 2016 8
2.3 Recent Bid Round Developments 10
2.3.1 14 Sep 2016: Eni signs concession contract to explore four blocks offshore Montenegro 10
2.3.2 8 Sep 2016: Government Of Israel: The New Oil And Gas Exploration Area In Israel's Economic Zone (EEZ) Was Approved Today By The Petroleum Council 10
2.3.3 6 Sep 2016: India To Start Bidding Round Under Hydrocarbon Exploration Licensing Policy By Early 2017 11
2.3.4 30 Aug 2016: NIOC Plans To Conduct First Oil And Gas Bidding Round In October 2016 11
2.3.5 29 Aug 2016: Government Of Norway: Starting The 24th Licencing Round - Invitation To Nominations Of Blocks 12
2.3.6 24 Aug 2016: CNH Reveals Names Of Qualified Firms For Deep-Water Oil Tender 13
2.3.7 23 Aug 2016: CNH Gives Consent To Oil Auction Terms For 2017 Onshore Tender 14
2.3.8 15 Aug 2016: Sri Lanka To Introduce National Gas Policy And Petroleum Resources Development Act 14
2.3.9 1 Aug 2016: Government Of Uganda: Bidders Invited To Negotiate Production Sharing Agreements In Ugandas First Competitive Licensing Round 15
2.3.10 27 Jul 2016: Government Of Cyprus: Applications Submitted For The 3rd Licensing Round For Hydrocarbon Exploration 16
2.4 Q4 Bid Round Overview - UK 18
2.5 Recent Licensing and Exploration History - UK 20
2.6 Q4 Bid Round Overview - Canada 23
2.7 Recent Licensing and Exploration History - Canada 25
2.8 Q4 Bid Round Overview - China 28
2.9 Recent Licensing and Exploration History - China 30
2.10 Q4 Bid Round Overview - India 33
2.11 Recent Licensing and Exploration History - India 37
2.12 Q4 Bid Round Overview - Ukraine 41
2.13 Recent Licensing and Exploration History - Ukraine 43
2.14 Q4 Bid Round Overview - Indonesia 45
2.15 Recent Licensing and Exploration History - Indonesia 47
2.16 Q4 Bid Round Overview - Egypt 50
2.17 Recent Licensing and Exploration History - Egypt 52
2.18 Q4 Bid Round Overview - Equatorial Guinea 55
2.19 Recent Licensing and Exploration History - Equatorial Guinea 59
2.20 Q4 Bid Round Overview - Mexico 60
2.21 Recent Licensing and Exploration History - Mexico 62
2.22 Q4 Bid Round Overview - Australia 65
2.23 Recent Licensing and Exploration History - Australia 67
2.24 Q4 Bid Round Overview - Greenland 69
2.25 Recent Licensing and Exploration History - Greenland 71
2.26 Upcoming Bid Rounds in Q1 2017 73
3 Appendix 74
3.1 Abbreviations 74
3.2 Methodology 74
3.2.1 Coverage 74
3.2.2 Secondary Research 74
3.3 Disclaimer 75

1.1 List of Tables
Table 1: Q4 Bid Round Overview 9
Table 2: UK - 29th Offshore Licensing Round Overview 18
Table 3: UK - Recent Discovery Wells 22
Table 4: Canada - Bid Sale NS16-1 Overview 23
Table 5: Offshore Canada - Recent Discovery Wells 27
Table 6: China - 2016 Open Blocks Overview 28
Table 7: China - Recent Discovery Wells 32
Table 8: India - Discovered Small Fields Bid Round-2016 Overview 34
Table 9: India - Discovered Small Fields Bid Round-2016 Overview (Contd.) 35
Table 10: India - Recent Discovery Wells 39
Table 11: India - Recent Discovery Wells (Contd. 1) 40
Table 12: Ukraine - Second Licensing Round 2016 Overview 41
Table 13: Indonesia - 2016 Regular Tender Round Overview 45
Table 14: Indonesia - Recent Discovery Wells 49
Table 15: Egypt - Ganope Bid Round 2016 Overview 50
Table 16: Egypt - Recent Discovery Wells 54
Table 17: Equatorial Guinea - 2016 Licensing Round Overview 56
Table 18: Equatorial Guinea - 2016 Licensing Round Overview (Contd.) 57
Table 19: Equatorial Guinea - Recent Discovery Wells 59
Table 20: Mexico - Round 1 - Deepwater Exploration (R01-L04/2015) Overview 60
Table 21: Mexico - Recent Discovery Wells 64
Table 22: Australia - 2016 Offshore Acreage Release Round 1 Overview 65
Table 23: Greenland - Licensing Round 2016 Overview 69
Table 24: Upcoming Bid Rounds in Q1 2017 73

1.2 List of Figures
Figure 1: Blocks on Offer by Bid Round and Terrain 8
Figure 2: UK - State Take Comparison - Regional Peers 19
Figure 3: UK - Recent Bid Round Results 20
Figure 4: UK - Blocks Held by Company 21
Figure 5: Canada - State Take Comparison - Regional Peers 24
Figure 6: Canada - Recent Bid Round Results 25
Figure 7: Offshore Canada - Blocks Held by Company 26
Figure 8: China - State Take Comparison - Regional Peers 29
Figure 9: China - Recent Bid Round Results 30
Figure 10: China - Blocks Held by Company 31
Figure 11: India - State Take Comparison - Regional Peers 36
Figure 12: India - Recent Bid Round Results 37
Figure 13: India - Blocks Held by Company 38
Figure 14: Ukraine - State Take Comparison - Regional Peers 42
Figure 15: Ukraine - Recent Bid Round Results 43
Figure 16: Ukraine - Blocks Held by Company 44
Figure 17: Indonesia - State Take Comparison - Regional Peers 46
Figure 18: Indonesia - Recent Bid Round Results 47
Figure 19: Indonesia - Blocks Held by Company 48
Figure 20: Egypt - State Take Comparison - Regional Peers 51
Figure 21: Egypt - Recent Bid Round Results 52
Figure 22: Egypt - Blocks Held by Company 53
Figure 23: Equatorial Guinea - State Take Comparison - Regional Peers 58
Figure 24: Equatorial Guinea - Blocks Held by Company 59
Figure 25: Mexico - State Take Comparison - Regional Peers 61
Figure 26: Mexico - Recent Bid Round Results 62
Figure 27: Mexico - Blocks Held by Company 63
Figure 28: Australia - State Take Comparison - Regional Peers 66
Figure 29: Australia - Recent Bid Round Results 67
Figure 30: Australia - Blocks Held by Company 68
Figure 31: Greenland - State Take Comparison - Regional Peers 70
Figure 32: Greenland - Recent Bid Round Results 71
Figure 33: Greenland - Blocks Held by Company 72