Country report
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22 Pages

Falkland Islands (Malvinas) upstream summary

Falkland Islands (Malvinas) upstream summary

Report summary

The Falkland Islands (also known as Islas Malvinas in Spanish), a self-governing British Overseas Territory, is located in the South Atlantic Ocean. There is currently no hydrocarbon production, but during the 2010 drilling campaign, the islands registered their first discovery at the Sea Lion prospect. A development plan for Sea Lion was submitted in 2014 and first oil is expected early next decade. Recent exploratory efforts have been led primarily by the UK independents and given the ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 577.13 KB 22 Pages, 4 Tables, 5 Figures
  • Country Overview XLS - 188.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Regional geology
    • Southern Basins
    • North Falkland Basin
    • Structure
    • Stratigraphy
    • Falkland Plateau Basin
    • South Falkland Basin
    • Malvinas Basin
  • Exploration
    • 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
  • Production
    • Oil and gas
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State participation
    • International boundaries
      • Special Co-operation Area (SCA)
    • Licensing
  • Fiscal terms
    • 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
    • Historical background
    • 1990s
    • 2000s

In this report there are 9 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
  • Geology
    • Falkland/Malvinas Islands Basins
  • Exploration
    • Blocks Awarded by Region
    • Map
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • GEM models
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