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Oil and Gas Bid Round Outlook 2022

Pages: 72 Published: February 25, 2022 Report Code: GDGE0395MAR

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In 2022, seven licensing rounds are closing by Q1 2022. They will be hosted by a total of six countries in three regions. Another eight, that are open, are expected to close by the end of 2022. Asia is hosting the highest number of licensing rounds globally that are expected to close in 2022, followed by Africa and Oceania. One round each is expected to close in South America, the Caribbean, the Former Soviet Union, and the Middle East.

What is the regional and country-level outlook of the oil and gas bid rounds?

Several oil and gas bid rounds will be held in Africa, Asia, Caribbean, Europe, Former Soviet Union, Middle East, North America, Oceania, and South America in 2022.

Oil and gas bid rounds in Africa

In Africa, bidding is about to close in Egypt and open in Angola, Mozambique, and Algeria. There are upcoming bidding rounds in Angola, Algeria, Democratic Republic of the Congo, Equatorial Guinea, Gambia, Ghana, Kenya, Nigeria, Nigeria-Sao Tome and Principe Joint Development Zone, Somalia, South Africa, South Sudan, Sudan, and Tanzania. The Egyptian government launched its Limited Bid Round in 2021. Egypt offers most of its upstream acreage in the form of concession agreements with a PSA framework. Parties of the contract are The Government of Arab Republic of Egypt, the Egyptian Natural Gas Holding Company (EGAS), and Contractor.

Oil and gas bid rounds in Asia

In Asia, bidding is about to close in India, Indonesia, Pakistan, and Timor-Leste. Open bidding rounds are being hosted in India and Malaysia, and there are upcoming bid rounds in Bangladesh, Myanmar, Pakistan, and Thailand. In India, companies are invited to bid for exploration, development, and monetization of CBM blocks likely to contain both conventional and/or unconventional hydrocarbon resources, distributed in the sedimentary basins of India.

Hydrocarbon exploration and production in Indonesia is conducted under PSAs. Petroleum agreements in Pakistan are issued under concession agreements for onshore areas. The governing regulatory framework has been outlined through successive Petroleum Exploration and Production Policy releases which structure the PCA terms and have included the PSA terms since their introduction in 1997. Upstream oil and gas operations in Timor-Leste are governed by PSAs. Royalties are payable and the remaining production is available for full cost recovery. After deduction of royalties and cost recovery, the production is shared between the licensee and the state.

Oil and gas bid rounds in the Caribbean

In the Caribbean, bidding is open in Trinidad and Tobago while upcoming bid rounds will be hosted in Barbados and Dominican Republic.

Oil and gas bid rounds in Europe

The upcoming bid rounds in Europe are in Montenegro, Poland, Romania, and the United Kingdom.

Oil and gas bid rounds in Former Soviet Union

Russia has an open bid round in the Former Soviet Union.

Oil and gas bid rounds in the Middle East

Lebanon has an open bid round and Israel and the UAE have upcoming bid rounds.

Oil and gas bid rounds in North America

In North America, all the upcoming bid rounds are in the US.

Oil and gas bid rounds in Oceania

Australia is hosting both closing bid rounds and upcoming bid rounds. New Zealand is hosting one upcoming bid round.

Oil and gas bid rounds in South America

In South America, Uruguay is hosting an open bid round. The upcoming bid rounds are in Argentina, Brazil, Ecuador, Guyana, and Peru.

Oil and gas bid rounds, by region

Oil and gas bid rounds, by region

For more regional insights, download a free report sample

Market report scope

Key regions Africa, Asia, Caribbean, Europe, Former Soviet Union, Middle East, North America, Oceania, and South America

This report provides:

  • An overview of global bid rounds for 2022.
  • Information on each bidding round due to close in 2022 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.

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 based on strong data on global bid rounds.

Table of Contents

| About GlobalData 2

1.1. List of Tables 5

1.2. List of Figures 6

2. Global 2022 Bid Rounds Summary 7

2.1. Global Reported Bid Round Activity 11

2.2. Open Bid Rounds 12

2.3. Upcoming Bid Rounds 13

3. 2022 Bid Round Overview 14

3.1. Rounds Closing Soon (Q1 2022) 14

4. Africa 18

4.1. 2022 Closing Bid Rounds 18

4.2. 2022 Open Bid Rounds 21

4.3. Upcoming Bid Rounds 27

5. Asia 30

5.1. 2022 Closing Bid Rounds 30

5.2. 2022 Open Bid Rounds 42

5.3. Upcoming Bid Rounds 47

6. Caribbean 48

6.1. 2022 Open Bid Rounds 48

6.2. Upcoming Bid Rounds 51

7. Europe 52

7.1. Upcoming Bid Rounds 52

8. Former Soviet Union 53

8.1. 2022 Open Bid Rounds 53

9. Middle East 56

9.1. 2022 Open Bid Rounds 56

9.2. Upcoming Bid Rounds 59

10. North America 60

10.1. Upcoming Bid Rounds 60

11. Oceania 61

11.1. 2022 Closing Bid Rounds 61

11.2. Upcoming Bid Rounds 65

12. South America 66

12.1. 2022 Open Bid Rounds 66

12.2. Upcoming Bid Rounds 69

13. Appendix 71

13.1. Methodology 71

| Contact Us 72

List of Tables

Table 1: Global open and upcoming bid rounds by region and bid due date (or planned open date if upcoming) 7

Table 2: Q1 2022 closing bid rounds overview 14

Table 3: Africa, closing bid rounds, arranged by bid due date 18

Table 4: 2021 Limited Bid Round, overview 18

Table 5: Africa, open bid rounds 21

Table 6: Bid Round 2021 overview 21

Table 7: 6th Licensing Round overview 24

Table 8: Africa, upcoming bid rounds 27

Table 9: Asia, closing bid rounds 30

Table 10: Special CBM Bid Round-2021 overview 30

Table 11: 2021 Regular Tender Phase II – closing March 2022 overview 33

Table 12: Bid Round 2022– closing March 2022 overview 36

Table 13: Second licensing round 2019/2020 overview 39

Table 14: Asia, open bid rounds 42

Table 15: Discovered small fields (DSF) 2021 Bid Round-III overview 42

Table 16: Petronas Licensing Round 2022 (MBR 2022) overview 44

Table 17: Asia, upcoming bid rounds 47

Table 18: Caribbean, open bid rounds 48

Table 19: Deep Water Competitive Bid Round 2021 overview 48

Table 20: Caribbean, upcoming bid rounds 51

Table 21: Europe, upcoming bid rounds 52

Table 22: Former Soviet Union, open bid rounds 53

Table 23: 2022 Subsoil Auctions overview 53

Table 24: Middle East, open bid rounds 56

Table 25: 2nd Offshore Licensing Round overview 56

Table 26: Middle East, Upcoming Bid Rounds 59

Table 27: North America, upcoming bid rounds 60

Table 28: Oceania, closing bid rounds, arranged by bid due date 61

Table 29: 2021 offshore acreage release round, overview 61

Table 30: 2021 Queensland Competitive Tender Round, overview 63

Table 31: Oceania, upcoming bid rounds 65

Table 32: South America, open bid rounds 66

Table 33: 2022 Open Bid Round-May Deadline overview 66

Table 34: South America, upcoming bid rounds 69

List of Figures

Figure 1: Countries hosting or planning to host licensing rounds (2022-2026) (shown in red) 11

Figure 2: Countries hosting bid rounds that are open in 2022 (shown in red) 12

Figure 3: Countries potentially hosting upcoming bid rounds (shown in red) 13

Figure 4: Countries hosting bid rounds closing in Q1 2022 (shown in red) 14

Figure 5: 2022 closing bid rounds: blocks on offer by bid round and terrain 16

Figure 6: 2022 closing bid rounds: blocks on offer by terrain and country 16

Figure 7: 2022 Closing bid rounds: state take comparison of countries 17

Figure 8: Egypt, 2021 Limited Bid Round map, overview 19

Figure 9: Egypt, state take comparison – regional peers 20

Figure 10: Egypt, recent bid round results* 20

Figure 11: Angola, Bid Round 2021 map, overview 22

Figure 12: Angola, State Take Comparison – Regional Peers 23

Figure 13: Angola, recent bid round results 23

Figure 14: Mozambique, 6th Licensing Round map, overview 25

Figure 15: Mozambique, State Take Comparison – Regional Peers 26

Figure 16: Mozambique, recent bid round results 26

Figure 17: India, state take comparison – regional peers 31

Figure 18: India, recent bid round results 32

Figure 19: Indonesia, 2021 Regular Tender Phase II map, overview 33

Figure 20: Indonesia, State Take Comparison – Regional Peers 35

Figure 21: Indonesia, Recent Bid Round Results 35

Figure 22: Pakistan, Bid Round 2022 map, overview 36

Figure 23: Pakistan, State Take Comparison – Regional Peers 38

Figure 24: Pakistan, Recent Bid Round Results 38

Figure 25: Timor-Leste, Second licensing round 2019/2020 39

Figure 26: Timor-Leste, State Take Comparison – Regional Peers 40

Figure 27: Timor-Leste, recent bid round results 41

Figure 28: India, Discovered Small Fields (DSF) 2021 Bid Round-III map, overview 43

Figure 29: India, state take comparison – regional peers 44

Figure 30: Malaysia, Petronas Licensing Round 2022 (MBR 2022) map, overview 45

Figure 31: Malaysia, State Take Comparison – Regional Peers 46

Figure 32: Malaysia, recent bid round results 46

Figure 33: Trinidad and Tobago, Deep Water Competitive Bid Round 2021 map, overview 49

Figure 34: Trinidad and Tobago, State Take Comparison – Regional Peers 50

Figure 35: Trinidad and Tobago, recent bid round results 50

Figure 36: Russia, State Take Comparison – Regional Peers 55

Figure 37: Former Soviet Union, Recent Bid Round Results 55

Figure 38: Lebanon, 2nd Offshore Licensing Round map, overview 57

Figure 39: Lebanon, State Take Comparison – Regional Peers 58

Figure 40: Lebanon, Recent Bid Round Results 58

Figure 41: Australia, 2021 Offshore Acreage Release Round map, overview 62

Figure 42: Australia, 2021 Queensland Competitive Tender Round map, overview 63

Figure 43: Australia, State Take Comparison – Regional Peers 64

Figure 44: Australia, Recent Bid Round Results* 64

Figure 45: Uruguay, 2022 Open Bid Round-May Deadline map, overview 67

Figure 46: Uruguay, State Take Comparison – Regional Peers 68

Figure 47: Uruguay, Recent Bid Round Results 68

Frequently Asked Questions

Several oil and gas bid rounds will be held in Africa, Asia, Caribbean, Europe, Former Soviet Union, Middle East, North America, Oceania, and South America in 2022.

The key countries closing oil and gas bid rounds in 2022 are Egypt, India, Pakistan, Timor-Leste, Indonesia, and Australia.

 

The key countries opening oil and gas bid rounds in 2022 are Angola, Mozambique, India, Malaysia, Trinidad and Tobago, Russia, Lebanon, and Uruguay.

The terrains on offer in the closing oil and gas bid rounds in 2022 are onshore, shallow water, ultra-deepwater, and deepwater.
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