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GLOBAL OFFSHORE MARKET FORECAST 2018 Exploration: similar perspective on all of those, that means the level of competition is getting much higher. The most extreme exam- ple of that was in the Brazilian round in October,” with higher prices paid for access to acreage, Latham says.

Brazilian regulatory agency, ANP said that the 2nd round

Smaller, leaner generated approximately $1.05 billion in signature bonuses and $93.4 million in planned investments. Meanwhile, the 3rd pre- of what it was prior to the downturn). For 2018, it is expected

It’s a smaller, more focused salt round generated about $876 million in signature bonuses to slip to $37 billion. exploration world as we start and will bring in approximately $140 million in investments.

In terms of exploration results, 2017 didn’t hold many sur- prises. The 1.4-2 billion bbl (in place) Zama light oil discovery, For 2018 licensing rounds, where big explorers see poten- 2018. Elaine