Insight

Q4 2024 pre-FID project tracker: Shell wraps up year with Bonga North FID

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Twenty-one projects have received sanction in 2024, representing around US$75 billion of committed investment and over 9 billion boe of reserves. While the number of FIDs is similar to 2023, committed capex is down nearly 40%. In 2025, we expect up to 30 projects will take FID. Comprising of almost US$100 billion of capex and over 11 billion boe.

Table of contents

  • Final investment decisions in 2024
  • What to look for in 2025?
  • About the tracker

Tables and charts

This report includes the following images and tables:

  • Major project FIDs in 2024

What's included

This report contains:

  • Document

    Q4 2024 Pre FID Upstream Project Tracker.pdf

    PDF 513.11 KB

  • Document

    Q4 2024 Pre FID Upstream Project Tracker.xlsx

    XLSX 131.81 KB