Country report
Falkland Islands (Malvinas) upstream summary
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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 ...
What's included
This report contains
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
- Malvinas basin
- Exploration
- Reserves and resources
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Production
- Oil and gas
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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
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Fiscal terms
- Overview
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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
- Additional profits taxes
- Fiscal/contractual ring-fences
- Dividend withholding tax
- Sample cash flow
Tables and charts
This report includes 9 images and tables including:
Images
- Location maps: Image 1
- Net Acreage 2018
- Falkland/Malvinas Islands Basins
- Blocks Awarded by Region
- Map
Tables
- Key facts: Table 1
- Fiscal terms: Table 2
- GEM models
- Fiscal terms: Table 1
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