Insight
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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

Description

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

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • 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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