GlobalData expects 2018 to bring a number of licensing opportunities under new fiscal regimes in Asia and Oceania. India is scheduled to hold its first bid round under the revenue-sharing framework of the Hydrocarbon Exploration Licensing Policy (Help). Indonesia is set to offer further areas for licensing after having made awards in its first round under the new gross-split regime.
Thailand is also planning to introduce a new production sharing agreement regime in 2018 in an auction for concessions expiring in 2022 and 2023, which include the Erawan and Bongkot gas fields, though this process has already experienced several delays.
Outside of these areas, numerous other licensing opportunities are expected, with Sri Lanka preparing its 3rd bid round, Pakistan reportedly planning to offer new blocks, and China, Malaysia, Australia and New Zealand set to continue their regular licensing programs.
Bid rounds, fiscal regime changes and pending legislation in 2018
Source: GlobalData Upstream Analytics