Country Report
Chile upstream summary
Report summary
Chile's production will face decline through next years. The country has been producing minor volumes of oil and gas since the 1950s, mostly from the Magallanes basin in the south, far from major demand centres. As of December 2023, the country has about 100 mmboe of remaining reserves.Geopark and ENAP concentrate the country's production. The Chile's state-owned oil company and its main energy supplier also holds half of the remaining reserves. Enap announced plans to invest ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- The Magallanes (Austral) basin
- Tight gas unconventional concept play
-
Exploration
- Licensing
- 2007 licensing round
- 2011 licensing round
-
Drilling
- Drilling activity
- Reserves and resources
-
Production
- Oil
- Gas
-
Infrastructure
- Introduction
- Oil infrastructure
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
Fiscal terms
-
Current fiscal terms
- State equity participation
- Carry and reimbursement
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- Product pricing
- Corporate (or petroleum) income tax
-
Current fiscal terms
Tables and charts
This report includes 20 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2024
- Reserves and resources: Table 1
- Magallanes Basin Stratigraphic Column
- Blocks in the Magallanes
- Production: Table 1
- Production: Table 2
- Liquid Production by Basin
- Production: Table 3
- Production: Table 4
- Gas Production by Basin
- Infrastructure: Table 1
- Gas infrastructure
- Infrastructure Map
- Drilling Activity by Well Type
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- GEM models
What's included
This report contains:
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