Insight
Q1 2020 pre-FID upstream project tracker: off to a slow start
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
FIDs are the lifeblood of the upstream industry. While 2019 ended on a positive note, with several projects crossing the line in the final quarter, it was no vintage year. What appeared to be a strong recovery in 2018 turned out to be a false dawn. Capital discipline also remains a priority for operators, development costs continued to fall. Trepidation has continued into 2020, with only a single project getting the nod so far. But despite commodity market headwinds, we think there is reason for optimism.
Table of contents
- The numbers are in for 2019...
- 2020 has started slowly...
- ...but global LNG and Latin American deepwater will again dominate
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About the tracker
- Global Project Tracker
Tables and charts
This report includes the following images and tables:
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Major projects (more than 50 mmboe reserves) sanctioned to date in 2020 by country, theme and operator
What's included
This report contains:
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