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Brief history of the country

Latvia (the Republic of Latvia) is one of three Baltic states. It is bordered by Estonia (north), Lithuania (south), Russia (east) and Belarus (southeast). The Baltic Sea forms its west coast.

People settled in the Baltic area around 3000 BC. By the 12th century there were 14 rulers in Livonia (including Latvia and southern Estonia), mostly German. In 1583 Livonia was ceded to Lithuania (a state of Poland) and Poland itself. In 1629 the west of the region was taken by the Swedish Empire.

The Treaty of Nystad in 1721 gave Swedish Latvia to Russia and by 1795 all of Latvia had been absorbed into the Russian Empire. Discontent grew and invasions in World War 1 followed by the Russian Revolution led to foundation of the Latvian republic in 1918.

The country stabilised but in 1940 it was taken by the Soviet Union, then invaded by Germany in 1941, and re-occupied by the Soviets in 1944. The Latvian SSR was created after the war and there was a large influx of Russians.

In 1987 the SSR, along with the other Baltic Republics, was allowed greater autonomy. In 1991 full independence was restored in the aftermath of a failed Soviet coup.

The country’s economy grew rapidly and it joined the EU in 2004 and the Eurozone in 2014.

Oil and gas summary

Latvia is a flat country with most of it less than 100 m above sea level. It overlies the stable East European Platform (Baltic Shield).

Palaeozoic sediments overlie the stable platform and one very small oil field has been discovered (Kuldiga). This has produced negligible amounts of oil in the past from a Cambrian reservoir. Other small amounts of oil have been drilled onshore and three offshore wells have been drilled, one of which recovered oil.

Latvia now has no commercial oil or gas production onshore or offshore in the Gulf of Riga. Despite the recorded oil shows, Globalshift forecasts Latvia as being unlikely to achieve any production in the future.

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LATVIA

Map and National Flag

RIGA

Freedom Monument

Eastern Europe

Latvia

Capital

Population

Land area (sq kms)

Oil prod (000s b/d)

Gas prod (bcm/yr)

Oil cons (000s b/d)

Gas cons (bcm/yr)

Riga

2.3 mm

64,559

None

None

34

1.5

Government

The 100-seat unicameral Latvian parliament, is elected every 4 years. The president is elected by parliament in a separate election, also held every 4 years.

The president appoints a prime minister who, together with his cabinet, forms the executive branch of the government.

The Ministry of Economics develops and implements energy policy. Latvijas Gaze held a monopoly on the natural gas market until the gas transmission network was unbundled from the company.

Latvia Gallery

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Geology and History of Exploration

Latvia is on the northwest edge of the East European Pre-Cambrian platform covered by Palaeozoic sediments.

Cambrian sandstones are the main potential oil reservoirs overlain by Ordovician to Silurian clays and carbonates followed by Devonian carbonates and sandstones. Carboniferous sediments are present only in southwest Latvia whilst a thin veneer of Mesozoic sediments overlie the extreme south.

Shales in the Cambrian, Ordovician and Silurian could be source rocks with the main potential oil generation area in the Gdansk-Kura depression. The Kuldiga oil field has a mid-Cambrian sandstone reservoir. Oil shows have also been found in the Ordovician.

Despite these shows, the poor reservoir quality suggests to Globalshift that the country has no commercial oil or gas potential.

History - Oil exploration in Latvia started after World War 2. The Kuldiga field was discovered in 1964 which drove the commencement of exploration in other areas in the Baltic states.

Small amounts of oil have been extracted onshore from a number of wells in Latvia drilled since 1957. Three offshore wells were also drilled from 1987 to 1989, one of which recovered oil.

However Latvia has no commercially viable oil or gas resources, either onshore or offshore.