Energy
Key Facts
—The move. State oil firm Staatsolie received the first company proposal in its open-door offshore licensing round, for a deepwater area known as Sector 4, on June 17.
—The clock. That first bid opened a ninety-day window for rivals to file competing proposals on the same acreage, closing on September 15.
—The prize. The round offers more than seventy thousand square kilometres across five offshore sectors, roughly sixty percent of the country’s offshore acreage, with over ninety identified leads.
