Country report
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37 Pages

Italy upstream summary

Italy upstream summary

Report summary

Although small on a global scale, Italy is the largest oil and gas producer in Southern Europe. The upstream sector is dominated by the former state-owned oil company, Eni, which holds 75% of remaining commercial gas reserves and around a third of remaining commercial liquids reserves. Production is increasingly weighted towards onshore developments, dominated by the Val d'Agri field. The proportion of onshore production will increase further with the start-up of the Tempa Rossa ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 2.59 MB 37 Pages, 8 Tables, 12 Figures
  • Country Overview XLS - 300.00 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Geological Evolution
    • Hydrocarbon Provinces
    • Thrust belts of the alps and apennines
    • Folded foredeeps
    • Apulian platform foreland
    • Post-Orogenic neogene basins
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Summary
      • Historical onshore activity
      • Historical offshore activity
      • Recent exploration success
    • Future Exploration Prospectivity
      • Po Valley
      • Central & Southern Italy
      • Adriatic & Ionian Seas
      • Sicily
  • Reserves and resources
    • Onshore
    • Offshore
    • Presentation of reserves
  • Production
    • Oil/Liquids
      • Onshore
      • Offshore
    • Gas
      • Onshore
      • Offshore
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
    • Pipelines
      • Transmed
      • Trans Austrian Gasleitung (TAG)
      • Trans Europa Naturgas Pipeline (TENP)
      • Libya-Italy (Greenstream)
    • Future pipeline developments
      • Trans Adriatic Pipeline (TAP)
      • Algeria-Italy (Galsi)
      • Greece-Italy (IGI)
      • South Stream
    • LNG projects
    • Gas Storage
  • Policy and regulation
    • Key legislation
    • Pre-1990
    • Post-1990
      • Decree Law No. 625 of 25 November 1996
      • Decree Law No. 239 of 23 August 2004
      • Amendments to Decree Law No. 164 of 2000
    • Regulatory body
    • Environmental legislation
    • State oil company
      • Restructuring & Privatisation
    • State participation
    • Licensing
      • Licensing Zones
      • Allocation Process
      • Prospecting Permits - Onshore & Offshore Areas
      • Exploration Permits - Onshore & Offshore Areas
      • Exploitation Concessions - Onshore & Offshore Areas
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • Concessions
      • State Equity Participation
      • Participation Rate
      • Carry and Reimbursement
      • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
      • VAT/Sales Taxes
      • Import Duties
      • Social Development Levies
      • Royalty
      • Export Duty
      • Environmental/CO2 Taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Liquids Pricing
      • Natural Gas Pricing
      • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Taxable Income
      • Investment uplift/credit
      • Loss Carry Forward
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Other Taxes
      • Sample Cash Flow
      • Cash Flow Assumptions
    • Historical background
      • 1990s

In this report there are 20 tables or charts, including:

  • Executive summary
    • Italian Liquids Production
    • Italian Gas Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Net Acreage 2017
  • Geology
    • Main Sedimentary Basins in Italy
  • Exploration
    • Exploration Drilling by Region
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Italian Liquids Production
    • Italian Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Italian Oil Infrastructure
    • Italian Gas Pipeline System
  • Policy and regulation
    • Italian Licensing Zones
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
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