துருக்கிய ஓடு குடியரசு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Most Anticipated Licensing Round Of 2021
By Viktor Katona - Apr 03, 2021, 12:00 PM CDT
The energy markets have seen several major upsets during the 21st century yet one can state fairly confidently that the market slump of 2020-2021 has triggered the most damage of them all. This is also true for international licensing where dozens of rounds were delayed, either to 2021 or indeterminately, for fear of not generating enough interest amidst drastic CAPEX cuts and massive divestment schemes. The end result is that 2020 was the weakest year in terms of total acreage awarded to oil and gas companies since 2002 (0.35 million km2), roughly a third of what it was in 2019. The price rebound of February-March 2021 will provide a suitable springboard for new licensing round – it is this momentum that Egypt will try to capitalize on with its latest licensing round.  Egypt’s last licensing round was held in 2019, then the Red Sea auctioning saw 3 blocks allocated b ....

Gulf Of Suez , Janub Sina , Red Sea , Djibouti General , Al Qahirah , Israel General , Saudi Arabia , Western Desert , Viktor Katona , Petroleum Corporation , Egypt Ministry Of Petroleum , Desert To Cairn Energy , Royal Dutch Shell , Mubadala Petroleum Block , Egyptian Natural Gas Holding , Cheiron Petroleum , Mubadala Petroleum , Western Mediterranean , Mineral Resources , Egyptian General Petroleum Corporation , Eastern Mediterranean , President Erdogan , Turkish Run Republic , Northern Cyprus , Cairn Energy , Gas Production ,