Country Report

Nicaragua upstream summary

02 January 2018

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02 January 2018

Nicaragua upstream summary

Report summary

Nicaragua is a Central American country located between Honduras and Costa Rica. It has no oil or gas reserves and is completely reliant on imports to meet its hydrocarbon demand. Although the first exploration well was drilled in 1930, the country is underexplored. Just a few dozen wells have been drilled, mostly offshore in the Sandino basin (on the Pacific side of the country) and the Miskito basin (on the Caribbean side). In addition to the state oil company, Petróleos de ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Introduction
- Miskito basin
  - Reservoir
  - Source
  - Traps
  - Seal
- Sandino basin
  - Reservoir
  - Source
  - Traps
  - Seal
Exploration
- Licensing
  - First licensing round
  - Second licensing round
  - Equinor acreage
- Drilling
  - Drilling activity
Reserves and resources
Production
- Oil/liquids
- Gas
Infrastructure
- Oil infrastructure
  - Possible inter-ocean canal
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
- International boundaries
  - Border dispute with Costa Rica
  - Border dispute with Colombia
- Licensing
- Pipelines and storage
Fiscal terms
- Overview
- Current fiscal terms
  - Royalties
  - Area fees
  - Corporate Income Tax
  - Other taxes
- Product pricing
  - Liquids pricing
  - Gas pricing
- Sample cash flow
  - Methodology