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Q4 2020 pre-FID upstream project tracker: deepwater Brazil and Guyana make the grade

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04 November 2020

Q4 2020 pre-FID upstream project tracker: deepwater Brazil and Guyana make the grade

Report summary

The Q4 2020 pre-FID upstream project tracker provides our latest view of major project FIDs in an Excel spreadsheet deliverable. Last quarter proved to be pivotal for deepwater oil in Guyana and Brazil. Major FIDs were taken in both countries, doubling new global committed capex for the year. ExxonMobil's Payara deepwater oil project, third phase at the Stabroek block in Guyana, stole the headlines. Government approval of the project eventually came in September, and ExxonMobil and partners sanctioned the FPSO development shortly afterwards. As expected, deepwater oil projects in Brazil also made it over the line. Petrobras sanctioned the third FPSO at Mero as well as the Itapu project. But it wasn't all about deepwater. Equinor also gave the go-ahead for its Breidablikk project in the Norwegian North Sea in September.

Table of contents

  • In numbers: 2020 so far
  • Deepwater oil projects in Guyana and Brazil give significant investment boost
  • Will Qatar Petroleum make a decision on its North Field Expansion?
  • About the tracker

Tables and charts

This report includes 3 images and tables including:

  • Number of major project FIDs by year
  • New committed capex by year
  • Major projects (more than 50 million boe reserves) sanctioned to end of Q3 2020

What's included

This report contains:

  • Document

    Q4 2020 pre-FID upstream project tracker.pdf

    PDF 1.04 MB

  • Document

    Q42020 pre-FID upstream project tracker.xlsx

    XLSX 178.84 KB