Country report
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15 Pages

Lithuania upstream summary

Lithuania upstream summary

Report summary

Oil productionModern Lithuanian oil production began in the 1990s, following independence from Russia in 1991. Production peaked at 9,600 b/d in 2001, but has plateaued at around 2,000 b/d since 2009. All of Lithuania's oil fields are located within the Baltic basin, which covers the majority of the country. Cambrian sandstones have been the most explored reservoir horizon, with the majority of discoveries being found in this reservoir interval between 1970 and 1990. Most oil ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 596.59 KB 15 Pages, 3 Tables, 7 Figures
  • Country Overview XLS - 143.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Oil production
    • Gas
    • Shale Gas
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Basin History
      • Major reservoirs
      • Source rocks
      • Traps and seals
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
      • Transmission and distribution
      • Klaipeda LNG Terminal Project
      • Latvia-Lithuania gas interconnector
      • GIPL - Lithuania-Poland gas interconnector
      • Gas storage
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
    • Licensing
  • Fiscal terms
    • Current fiscal terms
      • Upstream
      • Concessions & Licences
      • VAT
      • Corporate Income Tax
      • Depreciation
      • Losses carried forward
    • Additional Profits (Petroleum) tax
      • Basic rate
      • Compensatory rate
      • Sample Cash Flow

In this report there are 10 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Net Acreage 2016
    • Remaining Commercial and Technical Reserves at 01/01/2016
  • Geology
  • Exploration
    • Map
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
  • Infrastructure
    • Oil Infrastructure Map
    • Gas Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
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