Insight
Q4 pre-FID upstream project tracker: A big December lifts 2017 sanction total
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Report summary
Project sanctions recovered strongly in 2017 with a flurry of developments attaining final investment decisions (FID) in the fourth quarter of the year – primarily in Norway and Brazil. Globally, 33 major projects have been sanctioned throughout the year, representing over 11.2 billion boe of reserves. With plenty of projects still in the pre-FID hopper, we forecast around another 25-30 projects to get the go-ahead in 2018.
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