Country Report

Iceland upstream summary

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15 May 2019

Iceland upstream summary

Report summary

Iceland has no history of commercial oil and gas production. There are no active licences within Icelandic acreage with all previously awarded licences being relinquished by 2018. To date there are no announced plans for any upcoming licensing rounds.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Dreki Area
      • Regional setting
      • Stratigraphy
      • Hydrocarbon play
      • Source rocks
      • Reservoir rocks
      • Seals
      • Traps
      • Primary hydrocarbon indication
    • Gammur Area
    • Licensing
    • Historical licensing
      • First Licensing Round
      • Second Licensing Round
    • Drilling
      • Drilling activity
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Introduction
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Overview
    • Current fiscal terms
    • Concession terms
      • State equity participation
      • Royalty
      • Corporate Income Tax
      • Fiscal/Contractual ring-fences
      • Hydrocarbon tax
      • Bonuses, rentals and fees
      • Application bonuses
      • Signature bonuses
      • Indirect taxes
      • Domestic market obligation
      • Contractor revenue entitlement
      • Product pricing
      • Dividend withholding tax
      • Other taxes
      • Sample cash flow
      • Methodology
    • Historical background
      • 2000s

Tables and charts

This report includes 7 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Map of Dreki and Gammur areas
  • Fiscal terms: Table 1
  • Acreage available in Iceland
  • Fiscal terms: Table 2
  • GEM models

What's included

This report contains:

  • Document

    Country Overview

    PDF 7.97 MB

  • Document

    Country Overview

    XLS 116.00 KB

  • Document

    Country Overview

    ZIP 7.91 MB

  • Document

    Key facts

    PDF 681.69 KB

  • Document

    Location maps

    PDF 4.37 MB

  • Document

    Geology

    PDF 2.87 MB

  • Document

    Exploration

    PDF 2.02 MB

  • Document

    Reserves and resources

    PDF 669.12 KB

  • Document

    Production

    PDF 680.76 KB

  • Document

    Infrastructure

    PDF 683.61 KB

  • Document

    Policy and regulation

    PDF 692.57 KB

  • Document

    Fiscal terms

    PDF 737.49 KB

  • Document

    Executive summary

    PDF 686.97 KB

  • Document

    Key companies

    PDF 669.10 KB

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