Country Report

Libya upstream summary

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04 June 2020

Libya upstream summary

Report summary

Libya's oil potential is significantly impacted by continuous above ground risk challenges. Libya was Africa's fifth-largest oil and gas producer in 2019. The country has a production capacity of 1.2 million b/d when all fields are producing and frequent loadings are available. Prior to the start of the civil war in 2011, Libya produced at over 1.7 million b/d. Oil production has dropped to below 100,000 b/d from 1.2 million b/d in January 2020. Civil unrest and political ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • National Oil Corporation (NOC)
    • International investors
    • Introduction
    • Sirte Basin
    • Ghadames Basin
    • Murzuk Basin
    • Pelagian shelf
    • Kufra Basin
    • Licensing
    • History
    • Contract Extensions
      • EPSA IV Round 4 - December 2007
      • BP direct awards - 2007
    • Open Acreage
    • Drilling
      • Drilling activity
      • Future activity
    • Drilling by Basin
    • Historical exploration activity
      • Post-2011 civil war
      • Summary (2000 - 2010)
      • 1990s
      • 1980s
    • Reserves
    • Contingent Reserves
    • Reserves by Basin
      • Oil
      • Gas
    • Reserve Growth
      • Enhanced Oil Recovery (EOR)
    • 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
      • Historical gas production
      • Civil war and post-conflict recovery
      • Future gas production
    • 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
    • Capital costs
      • Capital expenditure by location
    • Key legislation
      • Key facts
      • Regulatory body
      • State Participation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
    • Licensing
      • Concessions
      • Exploration and Production Sharing Agreements (EPSAs)
      • EPSA IV
      • EPSA III
      • EPSA II
      • EPSA I
    • Contract Extensions
    • 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

Tables and charts

This report includes 31 images and tables including:

  • Key facts: Table 1
  • Libya
  • Reserves and contingent resources at 01/01/2021
  • Liquids and Gas Production 2020
  • Libya Geology Map
  • Blocks Awarded 2000-2018
  • Exploration Drilling by Basin
  • Reserves and resources: Table 1
  • Oil, Other Liquids and Gas Reserves
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Oil Infrastructure Map
  • Infrastructure: Table 1
  • GEM models
  • Fiscal terms: Table 5
  • Exploration: Table 1
  • Exploration: Table 2
  • 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

What's included

This report contains:

  • Document

    Country Overview

    PDF 7.91 MB

  • Document

    Country Overview

    XLS 507.00 KB