Country Report

Portugal upstream summary

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07 November 2016

Portugal upstream summary

Report summary

To date, no commercial volumes of oil or gas have been discovered in Portugal. All domestic oil and gas requirements are met by imports.Onshore exploration drilling in Portugal began in 1906. Around 80 onshore wells were drilled in the Lusitanian Basin between 1939 and 1963. Another wave of onshore exploration began in the mid-1970s, but results were disappointing. Since 1980 onshore drilling has been more sporadic, with all activity since 1997 carried out by a single company, Mohave Oil ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Introduction
    • Galician basin
      • Hydrocarbon Plays
    • Lusitanian basin
      • Hydrocarbon Plays
      • Alentejo Area
    • Gulf of Cadiz
    • Licensing
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
  • Reserves and resources
    • Gas
    • Oil infrastructure
    • Gas infrastructure
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
      • Preliminary Evaluation Licences
      • Concession Contracts
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
      • State equity participation
      • Participation rate
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Other bonuses and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Sample Cash Flows
    • Historical background

Tables and charts

This report includes 11 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Geology: Image 1
  • Current Licences
  • Blocks awarded and relinquished
  • Oil infrastructure
  • Gas infrastructure
  • GEM models
  • Drilling activity
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 1.32 MB

  • Document

    Country Overview

    XLS 116.50 KB

  • Document

    Country Overview

    ZIP 1.25 MB

  • Document

    Executive summary

    PDF 676.64 KB

  • Document

    Key facts

    PDF 681.90 KB

  • Document

    Location maps

    PDF 920.60 KB

  • Document

    Geology

    PDF 810.96 KB

  • Document

    Exploration

    PDF 812.26 KB

  • Document

    Reserves and resources

    PDF 672.32 KB

  • Document

    Production

    PDF 681.45 KB

  • Document

    Infrastructure

    PDF 867.83 KB

  • Document

    Policy and regulation

    PDF 706.94 KB

  • Document

    Fiscal terms

    PDF 734.16 KB

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