Thursday 20 April 2023

Achieving final investment decision (FID) on oil and gas projects is harder than it used to be. Despite a continued uptick in activity since the pandemic nadir of 2020, fewer major projects were sanctioned in 2022 than was expected at the start of the year.

In 2023, we believe more than 30 of the 40+ viable major projects are likely to reach FID. Several could be delayed and re-evaluated due to ongoing cost inflation; most operators will remain very disciplined. A handful of lower-return projects will proceed because of their strategic importance.

Full story here