Review of Global Upstream Licensing Strategies

Graham Kellas and Wood Mackenzie
London, United Kingdom

This presentation will review the key trends in global upstream licensing, including:

• government licensing strategies: licensing roounds vs ad hoc awards; fixed vs bid fiscal terms; bonuses vs work commitments; inclusion of local content
• survey of recent results: who have been the big winners and why?
• what is common and what is different between IOC and NOC bidding strategies?
• what government and IOC/NOC strategies are likely to be most successful in the future?