Country Report
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
-
Geology
- Introduction
-
Dreki Area
- Geological setting
- Stratigraphy
- Hydrocarbon play
- Source rocks
- Reservoir rocks
- Seals
- Traps
- Primary hydrocarbon indication
- Gammur Area
-
Exploration
- Licensing
-
Historical licensing
- First licensing round
- Second licensing round
-
Drilling
- Drilling activity
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
- Introduction
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
Fiscal terms
- Overview
- Current fiscal terms
-
Concession terms
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Additional petroleum tax
- Corporate Income Tax
- Product pricing
- Sample cash flow
-
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
- Iceland - available acreage
- Fiscal terms: Table 2
- GEM models
What's included
This report contains:
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