Country report

Iceland upstream summary

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Report summary

Iceland is a geologically unique island located directly over the Mid-Atlantic Rift that separates the North American and Eurasian tectonic plates. While known better for its volcanoes and geothermal activity than its petroleum potential, there are parts of Iceland's continental shelf that contain sedimentary rocks with potential for hydrocarbon generation and accumulation.Two areas have been identified as prospective for hydrocarbon exploration. The Dreki area is located approximately ...

What's included

This report contains

  • Document

    Country Overview

    PDF 797.41 KB

  • Document

    Country Overview

    XLS 235.00 KB

  • Document

    Country Overview

    ZIP 990.99 KB

  • Document

    Key facts

    PDF 65.33 KB

  • Document

    Location maps

    PDF 448.74 KB

  • Document

    Geology

    PDF 189.74 KB

  • Document

    Exploration

    PDF 81.71 KB

  • Document

    Reserves and resources

    PDF 53.03 KB

  • Document

    Production

    PDF 53.04 KB

  • Document

    Infrastructure

    PDF 54.87 KB

  • Document

    Policy and regulation

    PDF 139.49 KB

  • Document

    Fiscal terms

    PDF 122.97 KB

Table of contents

  • Key facts
  • Location maps
    • Introduction
      • Regional setting
      • Stratigraphy
      • Hydrocarbon play
      • Source rocks
      • Reservoir rocks
      • Seals
      • Traps
      • Primary hydrocarbon indication
    • Licensing
    • First Licensing Round - The Dreki Area
    • Second Licensing Round - The Dreki Area
      • Drilling activity
  • Reserves and resources
    • Oil/liquids
    • Introduction
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
      • Prospecting
      • Exploring and producing
    • Overview
    • Current fiscal 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
      • 2000s

Tables and charts

This report includes 8 images and tables including:

Images

  • Country Map
  • Map of Dreki Area
  • Active blocks in Iceland

Tables

  • Key facts: Table 1
  • Fiscal terms: Table 1
  • Policy and regulation: Table 1
  • Fiscal terms: Table 2
  • GEM models

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