Cyprus’ 3rd Round Bidding Marks First of the Quarter

by Sameer Joshi or 29-Aug-2016

Publisher's latest Oil & Gas intelligence report Q3 2016 Global Bid Round Outlook - Cyprus’ 3rd Round Bidding Marks First of the Quarter, provides an overview of global bid rounds due to close or closed in Q3 2016, with major developments related to bid rounds in Q2 2016. The report also includes information on each bid round due to close in Q3 2016 by country and recent exploration and licensing history of countries where bids are due to close in the quarter and an overview of bid rounds due in Q4 2016.


Six bids were received for the three blocks on offer in Cyprus’ third round, which closed on July 22. Eni and Total bid jointly for block 6; two bids were received for block 8 from Eni, and a consortium of Cairn and Delek Group; block 10 received three bids from Statoil, the Eni-Total consortium, and a consortium between ExxonMobil and Qatar Petroleum. 


Six further bid rounds are due to close in Q3 2016 -

- Lease Sale 248 in the US

- Egyptian General Petroleum Corporation International Round 2016 in Egypt

- 2016 Direct Proposal Tender Round in Indonesia

- APA 2016 in Norway

- 2016 Block Offer in New Zealand

- License Round 2016 in the Congo Republic