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Libya upstream summary

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14 May 2018

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 administrations 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 terrorist groups in the east of ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Sirte basin
    • Ghadames basin
    • Murzuk basin
    • Pelagian shelf
    • Kufra basin
    • 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
    • Commercial Reserves
    • Technical Reserves
    • Reserves by Basin
      • Oil
      • Gas
    • Reserve Growth
      • Contract Extensions
      • Enhanced Oil Recovery (EOR)
    • 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
    • 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
    • Capital costs
      • Capital expenditure by location
    • 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
    • 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

Tables and charts

This report includes 38 images and tables including:

  • Liquids Production
  • Sales gas
  • 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
  • Libya 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:

  • Document

    Country Overview

    PDF 8.38 MB

  • Document

    Country Overview

    XLS 1003.50 KB

  • Document

    Country Overview

    ZIP 9.22 MB

  • Document

    Executive summary

    PDF 95.73 KB

  • Document

    Key facts

    PDF 65.97 KB

  • Document

    Location maps

    PDF 4.25 MB

  • Document

    Key companies

    PDF 94.01 KB

  • Document

    Geology

    PDF 1.17 MB

  • Document

    Exploration

    PDF 1.18 MB

  • Document

    Reserves and resources

    PDF 119.43 KB

  • Document

    Production

    PDF 139.05 KB

  • Document

    Infrastructure

    PDF 1.70 MB

  • Document

    Costs

    PDF 101.59 KB

  • Document

    Policy and regulation

    PDF 89.81 KB

  • Document

    Fiscal terms

    PDF 134.02 KB

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