Country report
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53 Pages

Libya upstream summary


Libya upstream summary

Report summary

Libya holds the second largest oil reserves in Africa after Nigeria. Despite decades of international isolation and political and social unrest since 2011, Libya is considered to have significant growth potential. Since mid-2014, competing governments in the east and west of the country and the breakdown in law have forced most International Oil Companies (IOCs) to severely curtail operations. Attacks on oil and gas infrastructure and the proliferation of IS affiliated groups in the east ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1002.86 KB 53 Pages, 24 Tables, 14 Figures
  • Country Overview XLS - 1005.50 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
    • Sirte basin
    • Ghadames basin
    • Murzuk basin
    • Pelagian shelf
    • Kufra basin
  • Exploration
    • Licensing
    • History
      • EPSA IV Round 1 - January 2005
      • Shell Awarded Gas Exploration Blocks - May 2005
      • EPSA IV Round 2 - October 2005
      • EPSA IV Round 3 - December 2006
      • BP direct awards - 2007
      • EPSA IV Round 4 - December 2007
    • Contract Extensions
    • Open Acreage
    • Drilling
      • Drilling activity
    • 1980s
    • 1990s
    • 2000s
      • Summary (2000 - 2010)
      • 2006 drilling
      • 2007 drilling
      • 2008 drilling
      • 2009 - 2011 drilling
      • Post-2011 civil war
    • Drilling by Basin
  • Reserves and resources
    • Commercial Reserves
    • Technical Reserves
    • Reserves by Basin
      • Oil
      • Gas
    • Reserve Growth
      • Contract Extensions
      • Enhanced Oil Recovery (EOR)
  • Production
    • Oil/Liquids
      • Recent production trends
      • Civil war and post-conflict recovery
    • Export Blends
      • Ras Lanuf Terminal
      • Zueitina Terminal
      • As Sidrah Terminal
      • Zawiyah Terminal
      • Tobruk (Marsa Hariga) Terminal
      • Marsa Brega terminal
      • Bouri (FPSO)
    • Gas
      • Civil war and post-conflict recovery
    • Gas Exports
      • Western Libya Gas Project
      • Marsa el Brega LNG Plant
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Existing Liquids Pipelines
      • Refining
      • Marsa El Brega Refinery
      • Zawiyah Refinery
      • Ras Lanuf Refinery
      • Tobruk (Marsa El Hariga)
      • Sarir Refinery
      • Sebha Refinery (planned)
    • Gas infrastructure
      • Existing Gas Pipelines
      • Export Pipeline
  • Costs
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
      • Drafting New Law
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
      • Concessions
      • Exploration and Production Sharing Agreements (EPSAs)
      • EPSA I
      • EPSA II
      • EPSA III
      • EPSA IV
    • Contract Extensions
  • Fiscal terms
    • Current fiscal terms
      • Upstream
      • Mid/Downstream
      • Pipelines
      • Gas Utilisation
      • Production Sharing Agreements (EPSA)
      • State Equity Participation
      • Carry & Reimbursement
      • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
      • Indirect Taxes
      • Import and Export Duties
      • Social Development Levies
      • Royalty and Other Production Taxes
      • Environmental / CO2 Taxes
      • Other Production Taxes
      • Contractor Revenue Entitlement
      • Product Pricing
      • PSC Cost Recovery
      • Cost Recovery Ceiling
      • Recoverable Costs
      • Abandonment Costs
      • Investment Uplift/Credit
      • Cost Carry Forward
      • EPSA III and EPSA IV PSC Profit Sharing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Concessions
      • State Equity Participation
      • Participation Rate
      • Carry & Reimbursement
      • Cost Depreciation
      • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Training Fees
      • Indirect Taxes
      • Import Duties
      • Social Development Levies
      • Royalty and Other Production Taxes
      • Royalty
      • Environmental / CO2 Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Margin
      • Liquids Pricing
      • Gas Pricing
      • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Investment Uplift/Credit
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Historical background
      • Pre-1980
      • 1980s
      • 1990s
      • 2000s

In this report there are 38 tables or charts, including:

  • Executive summary
    • Liquids Production
    • Sales gas
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Libya
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
  • Geology
    • Libya Geology Map
  • Exploration
    • Blocks Awarded 1990-2012
    • Exploration: Table 1
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration: Table 4
    • Exploration: Table 5
    • Libyan Licensing Map
    • Drilling Activity by Well Type
    • Exploration Drilling by Basin
  • Reserves and resources
    • Reserves and resources: Table 1
    • Remaining Oil, Other Liquids and Gas Reserves
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Sales gas
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Libya Infrastructure Map
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Planned Gas Pipelines
  • Costs
    • Costs: Table 1
    • Costs: Table 2
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • GEM models
    • Fiscal terms: Table 6
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