Q4 2017 Global Bid Round Outlook - Indonesia’s Four Postponed Bid Rounds to Close in this Quarter
Globally 19 bid rounds are due to close in Q4 2017. The ‘30th Offshore Licensing Round’ round in the UK offers most number of blocks among all the bid rounds due to close in the quarter. In terms of acreage, the 2017 conventional direct proposal, conventional regular, unconventional direct proposal, and unconventional direct’ rounds in Indonesia have the highest acreage on offer among all the bid rounds. Indonesia’s government announced the extension of the four bid round until December 31, 2017 in order to allow for the passage of a new tax regulation.
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