Licensing rounds to drop 50% this year: Rystad

IT’s not just sanctioning but also licensing rounds due to fall to COVID-19 with some 50% expected to be cancelled this year, according to new research from Rystad Energy, which thinks new licensed offshore acreage will fall by 60% and onshore by 30% over 2019.  

Licensing rounds to drop 50% this year: Rystad Licensing rounds to drop 50% this year: Rystad Licensing rounds to drop 50% this year: Rystad Licensing rounds to drop 50% this year: Rystad Licensing rounds to drop 50% this year: Rystad

Hopes for another remarkable year dashed

 
 
Energy News is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub.
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.