Country Report
Mongolia upstream summary
Report summary
The Mineral Resources and Petroleum Authority of Mongolia opened its first licensing round since 2016 and put 14 open exploration blocks up for bidding. Mongolia's first refinery is expected to be completed by 2025, adding 30,000 b/d-feedstock capacity. Foreign companies - Elixir Energy, Jade Gas, and TMK Energy - test CBM potential in the country's south.
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
Exploration
-
Licensing
- 2022/2023 Open Exploration Blocks Licensing Round
- Historical licensing
-
Drilling
- Drilling activity
- Recent drilling activity
- Historical exploration activity
- Success rates
-
Licensing
- Reserves and resources
-
Production
- Oil and condensate
- Gas
-
Infrastructure
- Introduction
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
-
Licensing
- Research phase
- Exploration phase
- Development phase
- Extraction phase
-
Fiscal terms
- Overview
- Current fiscal terms
-
Production Sharing Contract (PSC)
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- PSC cost recovery
- PSC profit sharing
-
Corporate Income Tax
- Taxable income
- Additional profits taxes
- Fiscal/Contractual ringfences
- Other taxes
-
Sample Cash Flow
- Key Assumptions
- Marginal Government Take
Tables and charts
This report includes 12 images and tables including:
- Key facts: Table 1
- Country Map
- Basins Map
- Blocks Map
- Drilling Activity by Well Type
- Geological and Commercial Success Rates
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
What's included
This report contains:
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