Acts and explanatory notes

Act on Hydrocarbon Activities 16 March 1998
This Act regulates all phases of hydrocarbon activities from prospecting surveys to decommissioning.

Explanatory notes to the Act on Hydrocarbon Activities 

Hydrocarbon Tax Act 21 April 1999 

Hydrocarbon Tax Administration Act 14 February 2000 

Special Tax Act 7 March 2000

Full text of Parliamentary Bill 72/2016

Parliamentary Act on the Fifth Licensing Round for exploration and exploitation of hydrocarbons

Parliamentary Act on the Fifth Licensing Round for exploration and exploitation of hydrocarbons


Acts from Previous Licensing Rounds

Parliamentary Act on the Fourth Licensing Round for exploration and exploitation of hydrocarbons

Parliamentary Act on the Third Licensing Round for exploration and exploitation of hydrocarbons

Parliamentary Act on the Second Licensing Round for exploration and exploitation of hydrocarbons

Parliamentary Act on the First Licensing Round for exploration and exploitation of hydrocarbons


Executive Orders

Executive Order on geological and geophysical matters in connection with approval of deep drilling 20 November 2003

Executive Order on HSE during the exploration phase of the hydrocarbon activities 8 March 2001

Executive Order on reimbursement of expenses in connection with hydrocarbon activities 8 March 2001 


Guidelines to submission of data and samples to Jarðfeingi

Guidelines for submission of data