Country Report

Belize upstream summary

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02 January 2018

Belize upstream summary

Report summary

Belize is located in Central America on the Caribbean coast, next to Guatemala and Mexico. When the Spanish Lookout field was brought onstream in 2005, Belize became only the second Central American country, after Guatemala, to produce oil. The country does not have a refinery, so almost all crude is exported and all refined products are imported. The first exploration well was drilled in 1956, and over 50 wells have been drilled since, with little success until the discovery of the Spanish ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Corozal basin
      • Reservoir
      • Source rocks
      • Traps
    • Belize basin
      • Reservoir
      • Source rocks
    • Licensing
    • Drilling
      • Drilling activity
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Introduction
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
      • Border dispute with Guatemala
    • Licensing
      • Exploration
      • Development
      • Offshore ban
      • Temporary cross-border moratorium with Mexico
    • Overview
    • Current fiscal terms
      • Royalties
      • Cost oil
      • Profit oil
      • Local content
      • Area fees
      • Administrative fees
      • Corporate income tax
      • Sample cash flow
      • Methodology
      • Marginal Government Take Calculation

Tables and charts

This report includes 17 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Net Acreage 2018
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2017
  • Remaining and Produced Reserves Oil, Other Liquids and Gas
  • Map of Basins
  • Map
  • Production: Table 1
  • Production: Table 2
  • Liquid Production
  • Exploration Drilling
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • GEM models

What's included

This report contains:

  • Document

    Country Overview

    PDF 712.34 KB

  • Document

    Country Overview

    XLS 327.50 KB

  • Document

    Country Overview

    ZIP 984.61 KB

  • Document

    Executive summary

    PDF 57.31 KB

  • Document

    Key facts

    PDF 65.64 KB

  • Document

    Location maps

    PDF 222.18 KB

  • Document

    Key companies

    PDF 99.72 KB

  • Document

    Geology

    PDF 250.81 KB

  • Document

    Exploration

    PDF 174.78 KB

  • Document

    Reserves and resources

    PDF 70.95 KB

  • Document

    Production

    PDF 96.39 KB

  • Document

    Infrastructure

    PDF 53.72 KB

  • Document

    Policy and regulation

    PDF 84.05 KB

  • Document

    Fiscal terms

    PDF 111.29 KB

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