Country Report

Falkland Islands (Malvinas) upstream summary

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15 May 2018

Falkland Islands (Malvinas) upstream summary

Report summary

The Falkland Islands (known as Islas Malvinas in Spanish) is a self-governing British Overseas Territory located in the South Atlantic Ocean. There is no hydrocarbon production, but several oil and gas discoveries have been made since 2010. The Sea Lion discovery was the first major find and will likely be the country's first commercial oil development. A development plan for Sea Lion was submitted in 2014, and first oil is expected in 2022. Exploratory efforts have been led primarily ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Regional geology
    • Southern basins
    • North Falkland basin
    • Structure
    • Stratigraphy
    • Falkland Plateau basin
    • South Falkland basin
    • Malvinas basin
    • Licensing
      • North Falkland basin
      • Southern basins
      • Special Co-operation Area (SCA) abandoned in 2007
    • Drilling
      • Drilling activity
      • Early exploration
      • 1998 drilling campaign
      • Southern basins
      • Argentine Malvinas basin
      • Recent exploration
  • Reserves and resources
    • Oil and gas
    • Introduction
    • Key legislation
    • Regulatory body
    • State participation
    • International boundaries
    • Relations with Argentina
      • Special Co-operation Area (SCA)
      • Dispute over ownership
    • Licensing
    • Overview
    • Upstream overview
      • Exploration licences
      • Production licences
      • Notable legislative amendments
    • Mid/downstream overview
      • Pipelines
      • Gas utilisation
    • Current fiscal terms
    • Production licences (open-door and competitive)
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Additional profits taxes
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
    • Sample cash flow

Tables and charts

This report includes 9 images and tables including:

  • Key facts: Table 1
  • Location maps: Image 1
  • Net Acreage 2018
  • Falkland/Malvinas Islands Basins
  • Fiscal terms: Table 2
  • GEM models
  • Blocks Awarded by Region
  • Map
  • Fiscal terms: Table 1

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