Country report
Italy upstream summary
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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 contains
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
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Geology
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Introduction
- Geological Evolution
- Hydrocarbon Provinces
- Thrust belts of the alps and apennines
- Folded foredeeps
- Apulian platform foreland
- Post-Orogenic neogene basins
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Introduction
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Exploration
- Licensing
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Drilling
- Drilling activity
- Summary
- Historical onshore activity
- Historical offshore activity
- Recent exploration success
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Future Exploration Prospectivity
- Po Valley
- Central & Southern Italy
- Adriatic & Ionian Seas
- Sicily
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Reserves and resources
- Onshore
- Offshore
- Presentation of reserves
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Production
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Oil/Liquids
- Onshore
- Offshore
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Gas
- Onshore
- Offshore
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Oil/Liquids
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Infrastructure
- Oil infrastructure
- Gas infrastructure
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Pipelines
- Transmed
- Trans Austrian Gasleitung (TAG)
- Trans Europa Naturgas Pipeline (TENP)
- Libya-Italy (Greenstream)
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Future pipeline developments
- Trans Adriatic Pipeline (TAP)
- Algeria-Italy (Galsi)
- Greece-Italy (IGI)
- South Stream
- LNG projects
- Gas Storage
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Policy and regulation
- Key legislation
- Pre-1990
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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
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State oil company
- Restructuring & Privatisation
- State participation
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Licensing
- Licensing Zones
- Allocation Process
- Prospecting Permits - Onshore & Offshore Areas
- Exploration Permits - Onshore & Offshore Areas
- Exploitation Concessions - Onshore & Offshore Areas
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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
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Historical background
- 1990s
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Overview
Tables and charts
This report includes 20 images and tables including:
Images
- Italian Liquids Production
- Italian Gas Production
- Country Map
- Remaining Commercial and Technical Reserves at 01/01/2018
- Net Acreage 2018
- Italian Oil Infrastructure
- Italian Gas Pipeline System
- Main Sedimentary Basins in Italy
- Exploration Drilling by Region
- Italian Liquids Production
- Italian Gas Production
- Italian Licensing Zones
Tables
- Key facts: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production: Table 3
- Production: Table 4
- Fiscal terms: Table 1
- Fiscal terms: Table 2
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