Country Report
Greece upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Production is dominated by Energean - it is the leading player in Greece's upstream sector. In 2019 Energean merged with Kavala Oil, the Greek company which operates the only producing assets in Greece, Prinos Area.Low liquids production but growth expected with planned investment - Greece has produced oil and gas since the 1980s and output has largely been in decline since. However, the start-up of Energean's Epsilon field and a planned second phase of development in the Prinos ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Energean
- ExxonMobil
- Chevron
- HelleniQ
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Geology
- Introduction
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External Hellenic Nappes
- External Hellenic Nappes hydrocarbon plays
- Thrace basin
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Northern Aegean basin
- Prinos sub-basin
- Ionian Sea
- East Mediterranean basin
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Exploration
- Licensing
- Overview
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Current licensing
- Offshore
- Onshore
- Current licences
- Recent licensing rounds
- Historical licensing rounds
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Drilling
- Drilling activity
- Offshore
- Historical onshore activity
- 1 more item(s)...
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
-
Oil infrastructure
- Greece-North Macedonia Oil Pipeline
- Burgas-Alexandroupoli pipeline (proposed)
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Gas infrastructure
- National transmission system
- Interconnector pipelines
- International projects
- LNG Regas projects
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Oil infrastructure
-
Costs
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Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Capital costs
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Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
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Licensing
- Prospecting, Exploration and Exploitation Rights
- Procedure to allocate rights
- Types of licence
- Prospecting Licences
- Types of exploration and exploitation contracts
- Exploration and exploitation contract terms
- Exploration work programmes
- Discovery and development
- 1 more item(s)...
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Fiscal terms
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Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
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Royalty
- Ring fencing
- Base
- Rate
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Corporate Income Tax
- Ring fencing
- Base
- Rate
- Fiscal treatment of decommissioning
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Product pricing
- Sample Cash Flow
- Historical background
- Pre-1990s
- 1990s
- 1 more item(s)...
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Current fiscal terms
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Country mapReserves and resources: Table 1
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Reserves and resources: Table 2Reserves and contingent resources at 01/01/2025Net Acreage 2025Greece - major geological basinsGreece active licencesGreece E&A drilling activityProduction: Table 1Production: Table 2Greece liquids production
- 11 more item(s)...
What's included
This report contains:
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