Country Report
Lithuania upstream summary
Report summary
Lithuania is a minor oil producer. Most fields are mature and output has declined steadily in recent years. This has been driven by a lack of investment in both exploration and development activity. In 2011, Grupa LOTOS (Poland) acquired Geonafta, Lithuania's NOC. The company was renamed LOTOS Geonafta and remains the key oil and gas operator. With no domestic sales gas production, Lithuania has embarked upon several projects to diversify away from Russian imports. In 2015, Lithuania's first LNG regasification terminal – the Independence FSRU (floating storage and regasification unit) – was commissioned on the Baltic coast. Lithuania’s unconventional gas upside has not yet been realised. Its shales are thought to be analogous to Poland's Lower Paleozoic shale gas unconventional play. This remains the most viable option for the country to become a gas producer.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Orlen
-
Other operators
- Odin Energi (Odin Group and Tethys Oil)
- Tan Oil
- LL Investicijos
- Diseta
-
Previous participants
- Chevron
-
Geology
- Introduction
-
Hydrocarbon plays
- Conventional plays
- Unconventional hydrocarbon plays
- Source rocks
- Traps
- Seals
- Primary reservoirs
-
Exploration
- Licensing
- Overview
-
Key recent and future activity
- 2018 tender (conventional)
-
Key historical licensing activity
- Onshore
- Offshore
-
Drilling
- Drilling activity
- Recent and future E&A activity
- Reserves and resources
-
Production
-
Liquids
- Historical production
- Future production
- Gas
-
Liquids
-
Infrastructure
-
Oil infrastructure
- Pipeline network
-
Gas infrastructure
- Pipeline network
- Klaipeda LNG import terminal
-
Oil infrastructure
-
Policy and regulation
-
Key legislation
- Law on Underground (1995, amended in 2013)
- Law on Tax on Petroleum and Natural Gas Resources (1992, amended in 2003 and 2014)
- Law on Concessions (2006)
- Law on Natural Gas (2010)
- Law in Energy (2010)
- Law on the Liquified Natural Gas Terminal (2012)
-
Other legislation
- Law on Environmental Protection (1990, amended 1992)
- Law on State Stocks of Petroleum Products and Crude Oil (2002, amended 2009)
- Law on Energy Resource Market (2012)
- Regulatory body
- State oil company
- State participation
- International boundaries
-
Licensing
- Licence issue
- Licence periods
-
Key legislation
-
Fiscal terms
- Overview
- Current fiscal terms
-
Concessions
- Government equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Corporate income tax
- Decommissioning
- Product pricing
- Sample cash flow (conventional field)
- Unconventional operations - shale gas tax
Tables and charts
This report includes 17 images and tables including:
- Key facts: Table 1
- Country map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Lithuania - liquids reserves
- Lithuania - basin map
- Lithuania - recent licensing activity
- Lithuania - licence map
- Lithuania - gas infrastructure
- Net Acreage 2024
- Reserves and contingent resources at 01/01/2024
- Production: Table 1
- Production: Table 2
- Lithuania - liquids production
- Lithuania - oil infrastructure
- Infrastructure: Table 1
- Fiscal terms: Table 1
What's included
This report contains:
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