Oil and Gas Bid Round Outlook 2022
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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
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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
Frequently asked questions
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Which regions will hold oil and gas bid rounds in 2022?
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.
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Which are the key countries closing oil and gas bid rounds in 2022?
The key countries closing oil and gas bid rounds in 2022 are Egypt, India, Pakistan, Timor-Leste, Indonesia, and Australia.
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Which are the key countries opening oil and gas bid rounds in 2022?
The key countries opening oil and gas bid rounds in 2022 are Angola, Mozambique, India, Malaysia, Trinidad and Tobago, Russia, Lebanon, and Uruguay.
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What are the terrains on offer in the closing oil and gas bid rounds in 2022?
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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