Country report
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18 Pages

Spain upstream summary


Spain upstream summary

Report summary

Spain is a small oil and gas producer. Oil production is focused off Spain's east coast, in the Gulf of Valencia/Ebro Delta Basin, while gas production is concentrated in the southwest of the country, in the onshore Rio Guadalquivir Basin and offshore Gulf of Cadiz Basin. Small volumes of oil are also produced onshore in the Basque-Cantabrian Basin in the north.Production has entered permanent decline and upside potential in Spain is limited with little ongoing exploration. Operators ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 749.66 KB 18 Pages, 13 Tables, 6 Figures
  • Country Overview XLS - 424.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Introduction
    • Basque-Cantabrian and Pyrenean basins
    • Gulf of Cadiz basin
    • Guadalquivir basin
    • Gulf of Valencia basin
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
      • Success rates
  • Reserves and resources
  • Production
    • Oil production
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
  • Costs
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State participation
    • Licensing
      • Research Permits
      • Exploitation (Mining) Concessions
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
    • Concessions
    • State equity participation
      • Participation Rate
      • Carry & Reimbursement
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic Market Obligation (DMO)
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Sample Cash Flow
    • Historical background

In this report there are 19 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Geology
    • Geology: Image 1
  • Exploration
    • Blocks Awarded
    • Exploration Drilling by Region
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
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