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8 Pages

Pre-FID project deferrals: 20 billion boe and counting

Pre-FID project deferrals: 20 billion boe and counting

Report summary

Over 45 major project FIDs have now been deferred due to lower oil prices, creating a substantial hole in the industry investment pipeline. We estimate 20 billion boe of reserves has been pushed back from a diverse range of onshore, shallow-water and deepwater developments. Many of these projects have low IRRs and high breakevens, meaning significant work is required to make them attractive investments in a world of greater financial discipline.

What's included?

This report includes 2 file(s)

  • Pre-FID project deferrals: 20 billion boe and counting PDF - 685.57 KB 8 Pages, 1 Tables, 9 Figures
  • Pre-fid project deferrals 20bln boe and counting.xls XLS - 226.50 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Executive summary
  • Billions on the backburner
  • Why these projects?
  • Significant oil volumes
  • Project economics – breakevens
  • Project economics – IRR
  • Where next from here?

In this report there are 10 tables or charts, including:

  • Executive summary
  • Billions on the backburner
    • Deferred projects by country and commercial reserves (million boe)
  • Why these projects?
    • Deferred reserves by resource theme (bn boe)
    • Operator exposure to projects
  • Significant oil volumes
    • Projects by country / liquid reserves (bn bbl)
    • Projects by country / gas reserves (tcf)
  • Project economics – breakevens
    • Breakevens of standalone projects, by theme
    • Breakevens of standalone projects, by region
  • Project economics – IRR
    • Forecast capex by project, split by returns (IRR)
    • Breakdown of project spend, by returns
  • Where next from here?
    • Project appendix – the big 46
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