Country Report
Libya upstream summary
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Report summary
Africa's fifth largest oil and gas producer - Libya's current production ranges between 850 kb/d and 950 kb/d of oil from onshore fields. Gas production averages over 1 bcfd. Prior to the ongoing civil conflict, Libya produced at over 1.7 million b/d. We estimate that one million b/d is now likely to be Libya's nominal production capacity. Despite the significant decrease in production, Libya is considered to have significant growth potential. We estimate that Libya has around ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- National Oil Corporation (NOC)
- International investors
-
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
- Future activity
- Drilling by Basin
-
Historical exploration activity
- 1980s
- 1990s
- 2000s
- Summary (2000 - 2010)
- Post-2011 civil war
-
Reserves and resources
- Commercial Reserves
- Contingent Reserves
-
Reserves by Basin
- Oil
- Gas
-
Reserve Growth
- Contract Extensions
- Enhanced Oil Recovery (EOR)
-
Production
-
Liquids
- 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
- Future gas production
- Historical gas production
- Civil war and post-conflict recovery
-
Liquids
-
Infrastructure
- 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
- Export Pipeline
-
LNG Projects
- Marsa el Brega LNG Plant
-
Costs
-
Capital costs
- Capital expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- Key facts
- Regulatory body
- State Participation
- 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
-
Key legislation
-
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
-
Current fiscal terms
Tables and charts
This report includes 36 images and tables including:
- Key facts: Table 1
- Libya
- Remaining Commercial and Technical Reserves at 01/01/2018
- Liquids and Gas Production 2018
- Libya Geology Map
- Blocks Awarded 2000-2017
- Exploration: Table 5
- Libyan Licensing Map
- Exploration Drilling by Basin
- Reserves and resources: Table 1
- Remaining Oil, Other Liquids and Gas Reserves
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Oil Infrastructure Map
- Infrastructure: Table 1
- Exploration: Table 1
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Drilling Activity by Well Type
- Liquids Production
- Production: Table 1
- Production: Table 2
- Sales gas
- Production: Table 3
- Production: Table 4
- Infrastructure: Table 2
- Planned Gas Pipelines
- Costs: Table 1
- Costs: Table 2
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- GEM models
- Fiscal terms: Table 6
What's included
This report contains:
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