Country Report
Portugal upstream summary
Report summary
There have been no commercial discoveries in Portugal, and domestic oil and gas requirements are met by imports. Following the 2018 abandoment of drilling plans in the frontier Lusitanian basin, the exploration outlook is bleak.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Current interests
- Historic interests
-
Geology
- Introduction
-
Galician basin
- Hydrocarbon Plays
-
Lusitanian basin
- Hydrocarbon Plays
- Alentejo Area
- Gulf of Cadiz
-
Exploration
-
Licensing
- Licensing history
-
Drilling
- Drilling activity
- Future drilling activity
- Historical onshore activity
- Historical offshore activity
-
Licensing
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
- Oil infrastructure
- Gas infrastructure
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
Licensing
- Preliminary Evaluation Licences
- Concession Contracts
-
Fiscal terms
-
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
-
Overview
Tables and charts
This report includes 13 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Net Acreage 2023
- Geology: Image 1
- Current Licences
- Oil infrastructure
- Gas infrastructure
- GEM models
- Blocks awarded and relinquished
- Drilling activity
- Fiscal terms: Table 1
- Fiscal terms: Table 2
What's included
This report contains:
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