Insight
Q2 2023 pre-FID upstream project tracker: Qatar sanctions the largest upstream project of 2023
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Fourteen projects have been sanctioned to date in 2023. The list includes Qatar's North Field South, the largest FID globally this year. With a project cost of US$21 billion and reserves of 4.7 billion boe it is twice the size of the next largest project. It was also a busy quarter for deepwater developments with six FIDs across Latin America, Africa and Europe. However, Equinor's Bay du Nord suffered a second major delay. Final investment decisions could be taken on 26 projects in the second half of 2023. Despite the robust economics, some projects could still be delayed because of ongoing cost inflation, commercial or fiscal uncertainties.
Table of contents
- Final investment decisions year-to-date
- Projects to watch out for in H2 2023
- About the tracker
Tables and charts
This report includes the following images and tables:
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Final investment decisions in 2023
What's included
This report contains:
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