Country Report
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
-
Key companies
- National Oil Corporation (NOC)
- International investors
-
Geology
- Introduction
- Sirte Basin
- Ghadames Basin
- Murzuk Basin
- Pelagian shelf
- Kufra Basin
-
Exploration
- 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 and resources
- Reserves
- Contingent Reserves
-
Reserves by Basin
- Oil
- Gas
-
Reserve Growth
- 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
- Historical gas production
- Civil war and post-conflict recovery
- Future gas production
-
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
- International boundaries
-
Licensing
- Concessions
- Exploration and Production Sharing Agreements (EPSAs)
- EPSA IV
- EPSA III
- EPSA II
- EPSA I
- 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
-
Current fiscal terms
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:
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