Insight
Discovered resource opportunities: Qatar and Brazil to dominate 2019 awards
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Over 50 billion boe of discovered resource opportunities (DROs) have been awarded to upstream companies since 2015. This is dominated by Middle East onshore conventional oil, principally the legacy ADCO and ADMA contract extensions in the UAE. The renewals attracted upfront bonus payments of US$16.5 billion. The strong momentum will continue in 2019, led by Brazil deepwater and Qatar LNG awards. Brazil has 9 billion boe of low-breakeven pre-salt oil opportunities while Qatar plans four new LNG mega trains with 8 billion boe of associated resources. Expect fierce competition with big bonuses and capital commitments reflecting the high quality of assets. Combined, 2015 to 2019 will be a stellar five-year run, with around 75 billion boe of DRO awards.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Brazil's pre-salt coverage overview
Brazil's pre-salt is one of the most relevant deepwater plays with a huge resource base and impressive well productivity.
$1,350
Insight
Upstream licensing round quarterly: Latin America continues winning streak
Highest ever signature bonus paid for a Concession block in Brazil's Round 15.
$1,300
Insight
Q1 2020 pre-FID upstream project tracker: off to a slow start
Our latest view on global pre-FID upstream projects
$6,750
