Licensing Rounds
Latest licensing rounds
6 December 2019
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Landmark Brazilian auction falls flat
11 November 2019
Enormous offshore pre-salt reserves fail to entice IOCs to the Transfer of Rights surplus bidding round
Brazil prepares for a big win
6 September 2019
The Transfer of Rights Surplus Bidding Round promises to attract a bevy of international players and generate enormous rewards for the government
Dominican Republic aims to drive activity
16 July 2019
The Caribbean nation hopes that attractive entry terms will spur exploration activity
Targeting frontier areas in the North Sea
19 July 2018
Latest license round set to unlock stranded reserves
Colombian oil revival hopes face electoral test
17 May 2018
An upcoming election and auction round will help determine the country's oil fortunes
The Petrobras-government tussle
17 April 2018
A deal between the state-run firm and the Brazilian government could lead to a mega bidding round
Latin America lines up bid rounds
26 March 2018
Attractive auctions will see the region compete for international investors
Nigeria targets local upstream players with marginal field round
7 March 2018
Reinvigorating production on acreage abandoned by the majors could be a tough task
Majors come calling for Brazil's pre-salt
16 January 2018
Shell and Petrobras were the big winners in Brazil's latest upstream bid round, along with backers of Brazil's oil reforms
Bumpy start for Brazil's auction
1 December 2017
ExxonMobil bet big in the Campos Basin, but foreign interest was tepid and just 13% of blocks drew winning bids
Brazil beckons with new oil auction
13 October 2017
The first bid round in two years will test investor interest after a tumultuous period for the country
Exxon's Brazil play
4 October 2017
The US supermajor made a splash in Brazil's oil auction, snapping up deep-water acreage and signalling its interest in the upcoming pre-salt round
Lebanon: tired of waiting
12 September 2017
The country has postponed its offshore bid round deadline amid continuing domestic and geopolitical uncertainties
UK licensing round goes back in time
25 July 2017
Mature UK acreage is up for grabs on improved terms, but attracting the explorers could still prove difficult
Brazil on the block
14 June 2017
The coming slate of oil auctions in Brazil will give the industry its biggest crack at developing the country's crude in two decades. But nothing in Brazil comes easy
Hunting Mexico's Perdido treasures
18 January 2017
A successful licensing round makes ready a wave of new deep-water investment
Israel tries to rejuvenate its gas-export plans
7 September 2016
New upstream terms will perk up interest in the upstream, thinks the government. But has Israel missed its chance?
Israel’s offshore open for business
2 September 2016
The eastern Mediterranean basin could replace depleting North Sea reserves on international markets, Israel’s energy minister tells Petroleum Economist. But it may struggle to find markets for its gas
Help is at hand
26 August 2016
India has revamped some upstream terms, much to the industry’s relief
Statoil drops leases in the US Arctic
18 November 2015
Norway’s state-controlled oil producer has followed Shell out of the high-cost, high-risk Arctic, but downplays the extent of the costs it has incurred there
Gabon launches new oil bidding round
28 October 2015
Gabon officially launched a 2016 offshore bid round, offering five deep fields targeting a reversal on production slowdown, the country’s petroleum and hydrocarbons minister said
Brazil’s 13th licensing round flops after 14% of blocks sold
15 October 2015
Brazilian oil industry suffered the worst result in a decade, with only 37 of 266 blocks awarded
DEA expands with $1.6bn Norway deal
15 October 2015
Hamburg-based DEA, said on 14 October it will pay $1.6bn to German utility E.ON for its Norwegian upstream business
PTTEP interested in BG’s Thailand assets
7 September 2015
Thailand’s state-backed PTT Exploration & Production has reportedly expressed an interest in UK BG’s Thai assets.
Mexico oil auctions stumble out of the block
18 August 2015
Mexico’s oil reformers were poised in July to celebrate a successful outcome. But the first licensing round open to foreign investors since the 1930s drew a virtual blank