Insight
Q1 2022 pre-FID upstream project tracker: Year starts with FIDs in the Middle East and Uganda
Report summary
2021 ended with 30 major project FIDs. Noteworthy towards end of the year were the Scarborough project in Australia and deepwater projects in Brazil and Africa. Total committed spend stood at US$135 million. 2022 is off to a quick start with huge oil volumes sanctioned in the Middle East - Saudi Aramco's Zuluf increment - and TotalEnergies/CNOOC's Lake Albert project in Uganda. Committed spend in 2022 could bounce back to 2018 levels.
Table of contents
- 2021 in Numbers
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Recent FIDs
- Almost half of committed spend in 2021 has been sanctioned in 2022 after Saudi Arabia's Zuluf expansion and Ugandan oil projects FID.
- Key future projects to watch in 2022
- About the tracker
Tables and charts
This report includes 1 images and tables including:
- Recent FIDs
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