Country Report

Spain upstream summary

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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
    • Key IOCs
    • Other key companies
    • Introduction
    • Cantabrian basin
    • Gulf of Cadiz basin
    • Rio Guadalquivir basin
    • Valencia Trough
    • Licensing
      • Overview
      • Historical licensing activity
    • Drilling
      • Drilling activity
    • Key recent and future conventional E&A activity
    • Historical conventional E&A activity
      • Onshore
      • Offshore
    • Overview
    • Oil
      • Historical production
    • Gas
      • Historical production
    • Oil infrastructure
      • Refineries
    • Gas infrastructure
      • Overview
      • National transmission system operator
      • Compressor stations
    • Key import and transit pipelines
      • Medgaz
      • Maghreb-Europe
      • VIP Pyrenees
    • LNG import terminals
    • Gas storage facilities
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
      • Hydrocarbon Law 21/1974
      • Hydrocarbons Law 34/1998
      • Climate Change and Energy Transition Law 7/2021
    • Regulatory body
    • State participation
    • Licensing
      • Research Permits
      • Exploitation Concessions
    • Overview
    • Current fiscal terms
    • 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 23 images and tables including:

  • Key facts: Table 1
  • Country map
  • Liquids and Gas Production 2024
  • Reserves and contingent resources at 01/01/2024
  • 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
  • Spain - liquids production
  • Production: Table 3
  • Production: Table 4
  • Spain - gas production
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3

What's included

This report contains:

  • Document

    Country Overview

    PDF 9.65 MB

  • Document

    Country Overview

    XLS 547.50 KB