Italy upstream summary
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Report summary
Italy is Southern Europe's largest oil and gas producer. Around 70% of liquids production comes from the Val d’Agri field. Output from the Adriatic fields accounts for the majority of gas production. Three projects will reverse the recent decline in hydrocarbon production, leading to an increase in both oil and gas volumes into the next decade: Total’s Tempa Rossa, Eni’s Phase 2 development of Val d’Agri and start-up of gas production at Eni’s offshore Argo Cluster project.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Eni
-
International investors
- Majors
- Other international operators
- Small E&P operators
-
Geology
-
Introduction
- Geological Evolution
- Hydrocarbon Provinces
- Thrust belts of the alps and apennines
- Folded foredeeps
- Apulian platform foreland
- Post-Orogenic neogene basins
-
Introduction
-
Exploration
- Licensing
-
Drilling
- Drilling activity
- Future onshore activity
- Future offshore activity
- Historical onshore activity
- Historical offshore activity
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Reserves and resources
- Reserves by report
-
Production
- Liquids
- Gas
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Infrastructure
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Oil infrastructure
- Pipelines
- Crude tanker ports
- Refineries
-
Gas infrastructure
- Domestic pipelines
- Adriatica line
-
International pipelines
- Transmed
- Trans Austria Gasleitung (TAG)
- Trans Europa Naturgas Pipeline (TENP)
- Libya-Italy (Greenstream)
-
Future pipeline developments
- Trans Adriatic Pipeline (TAP)
- Poseidon
- TAP versus ITGI
- Algeria-Italy (Galsi)
- LNG projects
- Gas Storage
-
Oil infrastructure
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Policy and regulation
-
Key legislation
- Key facts
- 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 and privatisation
- State participation
-
Licensing
- Licence zones
- Allocation Process
- Prospecting Permits - Onshore & Offshore Areas
- Exploration Permits - Onshore & Offshore Areas
- Exploitation Concessions - Onshore & Offshore Areas
-
Key legislation
-
Fiscal terms
-
Overview
- Upstream
- Mid/Downstream
- Pipelines
- Gas Utilisation
-
Current fiscal terms
- Basis
- Government Equity Participation
- Ring fencing
- Bonuses, Rentals and Fees
- Indirect taxes
- Royalty
- Corporate Income Tax
- Fiscal treatment of decommissioning
- Product pricing
- Sample Cash Flow
-
Historical background
- Royalty
- Corporate Income Tax
-
Overview
Tables and charts
This report includes 26 images and tables including:
- Key facts: Table 1
- Country map
- Blocks awarded
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Liquids production by asset
- Production: Table 3
- Production: Table 4
- Gas production by asset
- Italy: existing and planned gas infrastructure
- Remaining Commercial and Technical Reserves at 01/01/2018
- Net Acreage 2018
- Main Sedimentary Basins in Italy
- Exploration drilling by region
- Italy: existing oil infrastructure
- Costs: Table 1
- Costs: Table 2
- Offshore licence zones
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
What's included
This report contains:
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