Country report
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34 Pages

Spain upstream summary

Spain upstream summary

Report summary

Spain is a small oil and gas producer. Oil production peaked in 1983 at rates of 59,300 b/d while gas production peaked in 1989 at 156.3 mmcfd . Of the initial 383 mmboe commercially recoverable reserves, only 5.3% are yet to be produced. 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 ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.12 MB 34 Pages, 15 Tables, 9 Figures
  • Country Overview XLS - 516.00 KB


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
    • Galician basin
      • Hydrocarbon Plays
    • Asturian basin
      • Hydrocarbon Plays
    • Basque-Cantabrian and pyrenean basins
      • Hydrocarbon Plays
    • Gulf of cadiz basin
    • Guadalquivir (syn-orogenic) basin
      • Hydrocarbon Plays
    • Gulf of Valencia (post-orogenic) basin
      • Hydrocarbon Plays
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
      • Success rates
  • Reserves and resources
  • Production
    • Oil production
    • Gas
  • Infrastructure
    • Gas infrastructure
  • Costs
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
      • Licensing Zones
      • Exploration Authorisations
      • 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 24 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
    • Drilling Activity and Commercial Success Rates
  • 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
    • Oil infrastructure
    • Infrastructure: Table 2
    • Oil Infrastructure Map
    • Gas Infrastructure Map
  • 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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