Insight
A big year for FIDs: 2017 marks a turning point
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
There are signs of acceleration in new major upstream project sanctions - H1 2017 has already seen more FIDs than all of 2016. This is accompanied by clear evidence of improving field economics - for both IRRs and breakevens - and also changes in the type of projects that are being approved. Shorter-cycle investments and faster payback are new priorities, and this is reflected in a clear preference for brownfield, expansion and satellite developments over big new greenfield endeavours. From a company perspective, it is the Majors who are leading the way in new sanctions, and by a considerable margin.
Table of contents
- A big year for FIDs: 2017 marks a turning point
Tables and charts
This report includes the following images and tables:
- A big year for FIDs: 2017 marks a turning point: Image 1
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar recording: APAC Upstream Outlook 2025
A recording of our 25 February APAC webinar, which we discussed the dynamic upstream trends across Asia Pacific.
$1,350
Insight
Q3 North America LNG projects update: US FIDs in 2019 surpass 30 mmtpa
2020 should be another big year for North America LNG, but the next to reach FID is becoming harder to call
$1,050
Insight
Mexico gas, power and renewables service: 2024 in review
Is Mexico’s energy sector at a turning point? Record heat, grid strain, LNG expansion, and sweeping reforms in 2024
$950
