Country Report
Falkland Islands (Malvinas) upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 were made between 2010 and 2016. Exploratory efforts were led primarily by UK independents along with US-based Noble Energy. Given the Falkland Islands' remote location, collaboration was critical to secure equipment.The Sea Lion discovery was the first major find and will ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
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Geology
- Introduction
- Regional geology
- Southern basins
- North Falkland basin
- Structure
- Stratigraphy
- Falkland Plateau basin
- South Falkland basin
- 1 more item(s)...
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Exploration
-
Licensing
- North Falkland basin
- Southern basins
- Special Co-operation Area (SCA) abandoned in 2007
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Drilling
- Drilling activity
- Early exploration
- 1998 drilling campaign
- Southern basins
- Argentine Malvinas basin
- Recent exploration
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Licensing
- Reserves and resources
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Production
- Oil and gas
-
Infrastructure
- Introduction
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Policy and regulation
- Key legislation
- Regulatory body
- State participation
- International boundaries
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Relations with Argentina
- Special Co-operation Area (SCA)
- Dispute over ownership
- Licensing
-
Fiscal terms
- Overview
-
Upstream overview
- Exploration licences
- Production licences
- Notable legislative amendments
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Mid/downstream overview
- Pipelines
- Gas utilisation
- Current fiscal terms
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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
- 3 more item(s)...
- Sample cash flow
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Location maps: Image 1Net Acreage 2025
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Falkland/Malvinas Islands BasinsFiscal terms: Table 2GEM modelsBlocks Awarded by RegionMapFiscal terms: Table 1
What's included
This report contains:
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