Country Report
Spain upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Spain has set an end date for oil and gas activities - In 2021, the Spanish government introduced the Climate Change and Energy Transition Law 7/2021. Under this legislation, bans were placed on the issuance of new exploration licences, the extension of existing licences beyond 2042, and hydraulic fracking. This builds towards Spain's pledge to speed up decarbonisation and reach its national net zero commitments.Only two fields remain but activity is ramping up - The cessation of ...
Table of contents
- Executive summary
- Key facts
- Location maps
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Key companies
- Key IOCs
- Other key companies
-
Geology
- Introduction
- Cantabrian basin
- Gulf of Cadiz basin
- Rio Guadalquivir basin
- Valencia Trough
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Exploration
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Licensing
- Overview
- Historical licensing activity
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Drilling
- Drilling activity
- Key recent and future conventional E&A activity
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Historical conventional E&A activity
- Onshore
- Offshore
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Licensing
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Reserves and resources
- Overview
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Production
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Oil
- Historical production
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Gas
- Historical production
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Oil
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Infrastructure
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Oil infrastructure
- Refineries
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Gas infrastructure
- Overview
- National transmission system operator
- Compressor stations
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Key import and transit pipelines
- Medgaz
- Maghreb-Europe
- VIP Pyrenees
- LNG import terminals
- Gas storage facilities
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Oil infrastructure
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Costs
- Introduction
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Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Policy and regulation
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Key legislation
- Hydrocarbon Law 21/1974
- Hydrocarbons Law 34/1998
- Climate Change and Energy Transition Law 7/2021
- Regulatory body
- State participation
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Licensing
- Research Permits
- Exploitation Concessions
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Key legislation
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Fiscal terms
- Overview
- Current fiscal terms
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Concessions
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- Corporate (or Petroleum) Income Tax
- Product pricing
- Sample cash flow
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country map
- Liquids and Gas Production 2024
- Reserves and contingent resources at 01/01/2025
- Spain - sedimentary basins
- Spain - liquids and gas reserves
- Reserves and resources: Table 1
- Fiscal terms: Table 4
- Spain - licensing activity
- Spain - E&A drilling activity
- Production: Table 1
- Production: Table 2
- 11 more item(s)...
What's included
This report contains:
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