Insight

Q2 2025 pre-FID project tracker: major upstream projects progress despite geopolitical headwinds

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Nine projects have been sanctioned in 2025 so far. Representing over US$30 billion of committed investment and over 3 billion boe of reserves. The rest of 2025 could see up to US$60 billion of capex and 7 billion boe of reserves across 17 projects could still be sanctioned in 2025.

Table of contents

  • Final investment decisions so far in 2025
  • What to look for in the remainder of 2025?
  • About the tracker

Tables and charts

This report includes the following images and tables:

  • Major project FIDs in 2025

What's included

This report contains:

  • Document

    Q2 2025 Pre FID Upstream Project Tracker.xlsx

    XLSX 219.96 KB

  • Document

    Q2 2025 Pre FID Upstream Project Tracker.pdf

    PDF 430.53 KB