--> --> Review of Global Upstream Licensing Strategies, by Graham Kellas and Wood Mackenzie; #90052 (2006)

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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?