Country Report
Greece upstream summary
Report summary
Production is dominated by Energean - it is the leading player in Greece's upstream sector. It holds a majority stake in Kavala Oil, the Greek company which operates the only producing assets in Greece, Prinos Area.Low, but growing, liquids production base - 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, within the Prinos Area, will help to reverse the liquids decline in the mid-2020s. ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Energean
- ExxonMobil
- HelleniQ
-
Geology
- Introduction
-
External Hellenic Nappes
- External Hellenic Nappes hydrocarbon plays
- Thrace basin
-
Northern Aegean basin
- Prinos sub-basin
- Ionian Sea
-
Exploration
- Licensing
- Overview
-
Current licensing
- Offshore
- Onshore
- Current Licences
- Historical licensing
-
Drilling
- Drilling activity
- Onshore
- Offshore
- Historical onshore activity
- Historical offshore activity
- Reserves and resources
-
Production
- Liquids
- Gas
-
Infrastructure
-
Oil infrastructure
- Greece-North Macedonia Oil Pipeline
- Burgas-Alexandroupoli pipeline (proposed)
-
Gas infrastructure
- National transmission system
- Interconnector pipelines
- International projects
- LNG Regas projects
-
Oil infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
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
- Abandonment provision
-
Fiscal terms
-
Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
-
Royalty
- Ring fencing
- Base
- Rate
-
Corporate Income Tax
- Ring fencing
- Base
- Rate
- Fiscal treatment of decommissioning
-
Product pricing
- Sample Cash Flow
- Historical background
- Pre-1990s
- 1990s
- 2000s
-
Current fiscal terms
Tables and charts
This report includes 23 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and contingent resources at 01/01/2024
- Net Acreage 2024
- Greece - major geological basins
- Greece historic licences
- Greece drilling activity
- Production: Table 1
- Production: Table 2
- Greece liquids production
- Production: Table 3
- Gas production
- Greek oil infrastructure map
- Greek gas pipeline system
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Operating Expenditure by Region (US$ Million)
- Fiscal terms: Table 1
- Fiscal terms: Table 2
What's included
This report contains:
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