Malta upstream summary Report

Country Report 28 February 2024

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Report summary

Despite 13 wells, no commercial volumes of oil or gas have yet been discovered in Malta. Maritime boundary disputes with Italy, Tunisia, and Libya have impeded exploration in these areas. In order to transition into a gas-based economy, Malta's first LNG facility began operation in 2017. Plans for a pipeline connecting Malta to Italy are also in place.

Executive summary
Key facts
Location maps
Key companies
- Current
- Historical
Geology
- Introduction
- Ragusa basin
- Medina Bank
Exploration
- Licensing
- Offshore
  - Active licences
  - Historical licences
- Onshore
- Drilling
  - Drilling activity
Reserves and resources
Production
- Liquids and gas
Infrastructure
- Introduction
  - Pipelines
  - Storage facilities
Policy and regulation
- Key legislation
- Regulatory body
- International boundaries
  - Malta-Italy border
  - Malta-Libya border
  - Malta-Tunisia border
- Licensing
  - Types of Licence
  - Licence Areas
- Application and Award Procedures
- General Terms and Conditions of Licences
Fiscal terms
- Overview
  - Upstream
  - Mid/Downstream
- Current fiscal terms
- PSC terms
  - State equity participation
  - Fiscal ring fencing
  - Bonuses, rentals and fees
- Royalty
- Indirect taxes
  - Domestic market obligation (DMO)
  - Contractor revenue entitlement
- PSC Cost Recovery
  - Deductions
- PSC profit sharing
- Product pricing
  - Liquids pricing
  - Natural gas pricing