Insight

FID bonanza: 2018 goes bigger and better

05 March 2019

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Why buy this report?

Project sanctions in 2018 were back to pre-2014 levels and 40% up from 2017. Get answers to your questions on the reasons behind this project bonanza, including:

Which projects made the grade, where are they and why did they get the go-ahead?
Who is leading the way?
Can project economics continue to improve?
What's next for 2019 - which resources will dominate?

You’ll get access to analysis and data on over 160 major projects which account for 134 billion boe of reserves. The report includes charts like this one, tracking major project sanctions by year since 2012.

05 March 2019

FID bonanza: 2018 goes bigger and better

Report summary

Project sanctions jumped to 49 in 2018, back to pre-2014 levels and a 40% increase on 2017. Not only was activity up but the average project size almost doubled to 680 million boe. With 33.5 billion boe of reserves and US$185 billion of investment sanctioned, confidence is back in the upstream sector. 2019 is expected to deliver more of the same, but companies remain disciplined and only the best projects continue to get over the line.

Watch Angus Rodger's quick guide to global upstream project sanctions