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Q2 2016 Global Bid Round Outlook - Gabon to Hold Postponed Deepwater Round

Published: May 30, 2016 | Pages: 23 | Publisher: GlobalData | Industry: Power | Report Format: Electronic (PDF)


A total of three bid rounds in Australia and Gabon are due to close in Q2 2016. Australia plans to close two bid rounds - 2015 Offshore Round 2 and 2015 Offshore Round 1 Re-release - in the quarter. Of the two rounds, 2015 Offshore Round 2 offers the highest acreage (45,710km2) and has the highest number of blocks on offer (11). Gabon is also offering five blocks under its 11th Licensing Round, which has been postponed from the previous quarter as the country is planning to change its fiscal terms.


- Provides overview of the global bid rounds due to close in Q2 2016
- Major developments related to bid rounds in Q1 2016
- Information on each bid round due to close in Q2 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 Q3 2016

Reasons to buy

- Obtain the most up to date information available on global bid rounds due to close in Q2 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
 Table of Contents

1 Table of Contents 2
1.1 List of Tables 3
1.2 List of Figures 4

2 Q2 Global Bid Round Outlook 5
2.1 Key Highlights 5
2.2 Overview of Global Bid Rounds Closing in Q2 6
2.3 Recent Bid Round Developments 7
2.3.1 24 March 2016: Cyprus Begins Third Licensing Round for Offshore Oil and Gas Exploration 7
2.3.2 17 March 2016: Government of Norway: Announcement of Awards in Predefined Areas (APA) 2016 7
2.3.3 2 March 2016: Uganda Receives Seven Bids for Six Oil Exploration Blocks in Albertine Rift Basin 8
2.3.4 11 Feb 2016: Government of Ireland: 2015 Atlantic Margin Oil and Gas Exploration Licensing Round Awards 9
2.3.5 19 Jan 2016: Government Of Norway: Considerable Interest in Further Exploration of the Norwegian Continental Shelf 9
2.4 Q2 Bid Round Overview - Australia 11
2.5 Recent Licensing and Exploration History - Australia 13
2.6 Q2 Bid Round Overview - Gabon 16
2.7 Recent Licensing and Exploration History - Gabon 17
2.8 Upcoming Bid Rounds in Q3 2016 20

3 Appendix 21
3.1 Abbreviations 21
3.2 Methodology 21
3.2.1 Coverage 21
3.2.2 Secondary Research 21
3.3 Disclaimer 22
List of Tables
Table 1: Q2 Bid Round Overview 6
Table 2: Australia - 2015 Offshore Round 2 Overview 11
Table 3: Australia - 2015 Offshore Round 1 Re-release Overview 11
Table 4: Australia - Recent Discovery Wells 15
Table 5: Gabon - 11th Licensing Round Overview 16
Table 6: Gabon - Discovery Wells, 2010 Onwards 19
Table 7: Upcoming Bid Rounds in Q3 2016 20

List of Figures
Figure 1: Blocks on Offer by Bid Round and Terrain 6
Figure 2: Australia - State Take Comparison - Regional Peers 12
Figure 3: Australia - Recent Bid Round Results 13
Figure 4: Australia - Blocks Held by Company 14
Figure 5: Gabon - State Take Comparison - Regional Peers 16
Figure 6: Gabon - Recent Bid Round Results 17
Figure 7: Gabon - Blocks Held by Company 18 

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