Insight
Q2 2020 pre-FID upstream project tracker: price crash drives mass deferrals
Report summary
FIDs are the lifeblood of the upstream industry. But with just a single project sanctioned in Q1 2020, the year got off to a slow start. This has been further hampered by strong market headwinds, and our latest Q2 view sees many project sanctions pushed out from 2020/21 to 2022 and beyond. In the current environment, only the most financially strong companies are likely to contemplate significant new investment and only the most advanced strategic projects will go ahead.
Table of contents
- The oil price crash bites
- 2020 expected numbers
- Which projects have gone ahead?
- Which projects have been deferred?
- How does the rest of 2020 look?
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About the tracker
- Global Project Tracker
Tables and charts
This report includes 1 images and tables including:
- 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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