Class of 2023: benchmarking this year's upstream FIDs
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
-
Slides and key messages
- Summary and context
- Up to 40 projects will be ready for FID in 2023
- Major projects that could reach FID continue to be oil weighted
- Up to US$180 billion of investment and 27 billion boe will be sanction-ready in 2023
- Project economics
- Brent breakeven prices will average US$49/bbl (NPV15) in 2023
- IRR and payback remain key economic metrics to determine commercial viability
- Deepwater capex per boe is the highest among all resource themes
- Emissions and decarbonisation
- Scope 1 and 2 emissions intensities broadly similar to the class of 2022
- Deepwater is advantaged as it offers both lower emissions and higher post-tax returns
- Value at risk
Tables and charts
This report includes 9 images and tables including:
What's included
This report contains:
Other reports you may be interested in
Class of 2024: benchmarking this year's upstream FIDs
We benchmark the major oil and gas projects seeking FID in 2024 on economic and emission metrics.
$6,750India upstream summary
Gas production poised for near-term growth - Output declined drastically between 2011 and 2017 primarily due to under-performance of ...
$9,450Chile upstream summary
Chile's production will face decline through next years. The country has been producing minor volumes of oil and gas since the ...
$3,400