Q4 2018 Global Bid Round Outlook - UK to offer Highest Number of Blocks
Globally, 20 bid rounds are due to close in Q4 2018. The ‘31st Offshore Licensing Round’ round in the UK offers most number of blocks among all the bid rounds due to close in the quarter. A total of 3,286 blocks are on offer globally in Q4 2018. Of these, 1,733 are shallow water, 1,414 are onshore blocks, and 81 are deepwater blocks. 58 ultra-deepwater blocks are also on offer in the quarter. In terms of acreage, Egypt have the highest acreage on offer of all the bid rounds among countries in the quarter.
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