Country report
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22 Pages

Malta upstream summary


Malta upstream summary

Report summary

Malta produces no hydrocarbons and domestic oil requirements are met by tanker imports.A total of 13 wells have been drilled in Maltese territory, 11 offshore and 2 onshore. However, no commercial volumes of oil or gas have been discovered. The most recent well was drilled by Mediterranean Oil and Gas (MOG) in area 4 on the Hagar Qim prospect. The well was plugged and abandoned after finding no indication of hydrocarbons in 2014. This was the first well to be drilled in Malta in over ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 621.94 KB 22 Pages, 5 Tables, 3 Figures
  • Country Overview XLS - 234.50 KB

Description

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
  • Key facts
  • Location maps
  • Geology
    • Introduction
    • Ragusa basin
      • Hydrocarbon Plays
    • Medina bank
      • Hydrocarbon Plays
  • Exploration
    • Licensing
      • Onshore
      • Offshore
    • Drilling
      • Drilling activity
  • Reserves and resources
  • Production
    • Supply demand
      • Liquids
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • International boundaries
    • Licensing
      • Ownership of Petroleum
      • Granting of Rights for Petroleum Exploration and Production
      • Types of Licence
      • Licence Areas
    • Application and Award Procedures
    • General Terms and Conditions of Licences
      • Technical Clauses and Licence Details
      • Other Provisions in the Legislation
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
    • Production Sharing Contract Terms
      • Bonuses, rentals and fees
    • Indirect taxes
    • Royalty and other production taxes
      • Environmental / CO2 taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • PSC Cost Recovery
      • PSC Profit Sharing
      • Product Pricing
      • Corporate Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Transfer of a licence interest
    • Historical background
      • Pre-1980
      • 1980
      • 1995/1996
      • 2001
      • 2007

In this report there are 8 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Geology
    • Main Basins in Malta
  • Exploration
    • Historical licences
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
    • Exploration Acreage in Malta
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
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