Global Offshore Oil and Gas Upstream Development Outlook, 2020-2024

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Published: October 30, 2020 Report Code: GDGE0347MAR-ST

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Globally, during the outlook period 2020-2024, a total of 316 key crude and natural gas offshore projects are expected to start operations in 46 countries. Among these, 131 represent the number of planned offshore projects with identified development plans (post-FID) and 185 represent the number of early-stage announced offshore projects that are undergoing conceptual studies and that are yet to be approved for development (pre-FID). The key offshore projects across the globe are expected to contribute about 26.6 million barrels of oil per day (mmbd) of global crude and condensate production and about 133.2 billion cubic feet per day (bcfd) of global gas production in 2024.

Scope

Global offshore oil and gas production outlook by region, key countries, and key companies

Global new offshore projects capital expenditure outlook by region, key countries, key companies, field terrain and facility type

Key economic metrics of major upcoming oil and gas offshore projects globally

Project Economics of offshore oil and gas projects by key countries

Major projects starts by region, and project count by key countries, field terrain, and facility type

Latest offshore project updates and details of key planned crude and natural gas projects

Reasons to Buy

Understand global offshore oil and gas production outlook during the period 2020-2024

Keep abreast of global offshore key planned production projects during the outlook period

Facilitate decision making on the basis of strong oil and gas offshore production data

Develop business strategies with the help of specific insights on global offshore upstream industry

Assess your competitor’s planed offshore oil and gas production projects

Table of Contents

| About GlobalData 2

1. Overview 8

2. Key Highlights 11

3. Regional Development Trends 12

3.1 Production outlook 12

3.2 Capex Outlook 14

3.3 Development Outlook 15

3.4 Project Starts by Region 16

3.5 Major Project Count by Country 17

3.6 Major Project Count by Terrain 18

3.7 Major Projects by Facility Type 19

3.8 Latest Project Updates 20

4. Oil Development Focus 22

4.1 Crude & Condensate Production Outlook by Region 22

4.2 Crude & Condensate Production Outlook by Country 25

4.3 Crude & Condensate Production Outlook by Company 28

4.4 Upcoming Oil Projects 31

4.5 Key Economic Metrics of Major Upcoming Oil Projects 35

5. Gas Development Focus 38

5.1 Natural Gas Outlook by Region 38

5.2 Natural Gas Outlook by Country 41

5.3 Natural Gas Outlook by Company 44

5.4 Upcoming Gas Projects 47

5.5 Key Economic Metrics of Major Upcoming Gas Projects 50

6. Expenditure Outlook 53

6.1 New Project Expenditure Outlook by Region 53

6.2 New Project Expenditure Outlook by Country 55

6.3 New Project Expenditure Outlook by Company 57

6.4 New Project Expenditure Outlook by Field Terrain 59

6.5 New Projct Expenditure Outlook by Facility Type 61

7. Appendix 63

7.1 Abbreviations 63

7.2 Methodology 63

| Contact Us 64

Table

Table 1: Production Outlook from Producing, Planned, and Announced Projects (mboed), 2018–2024 13

Table 2: Capex Outlook from Producing, Planned and Announced Projects (US$ bil), 2018–2024 14

Table 3: Recoverable Reserves (mmboe) from Planned and Announced Projects by Key Countries, Field Terrain, and Project Count, 2020–2024 15

Table 4: Major Planned and Announced Project Starts by Region, 2020–2024 16

Table 5: Major Planned and Announced Project Starts by Key Countries, 2020–2024 17

Table 6: Major Planned and Announced Projects by Terrain, 2020–2024 18

Table 7: Major Planned and Announced Projects by Facility Type, 2020–2024 19

Table 8: Latest Project Updates, 2020 20

Table 9: Crude and Condensate Production Outlook by Region (mbd), 2020-2024 22

Table 10: Crude and Condensate Production Outlook from Planned and Announced Projects by Region (mbd), 2020-2024 24

Table 11: Crude and Condensate Production Outlook by Key Countries (mbd), 2020-2024 25

Table 12: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Countries (mbd), 2020-2024 27

Table 13: Crude and Condensate Production Outlook by Key Companies (mbd), 2020-2024 28

Table 14: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Companies (mbd), 2020-2024 30

Table 15: Key Upcoming Crude Projects, 2020–2024 31

Table 16: Economic Metrics of Major Planned and Announced Oil Projects, 2020-2024 36

Table 17: Economic Metrics of Major Planned and Announced Oil Projects by Key Countries, 2020–2024 37

Table 18: Natural Gas Production Outlook by Region (mmcfd), 2020-2024 38

Table 19: Natural Gas Production Outlook from Planned and Announced Projects by Region (mmcfd), 2020-2024 40

Table 20: Natural Gas Production Outlook by Key Countries (mmcfd), 2020-2024 41

Table 21: Natural Gas Production Outlook from Planned and Announced Projects by Key Countries (mmcfd), 2020-2024 43

Table 22: Natural Gas Production Outlook by Key Companies (mmcfd), 2020-2024 44

Table 23: Natural Gas Production Outlook from Planned and Announced Projects by Key Companies (mmcfd), 2020-2024 46

Table 24: Key Upcoming Gas Projects, 2020–2024 47

Table 25: Economic Metrics of Major Planned and Announced Gas Projects, 2020-2024 51

Table 26: Economic Metrics of Major Planned and Announced Gas Projects by Key Countries, 2020–2024 52

Table 27: Capex Outlook for Major Planned and Announced Projects by Region (US$ bil), 2020–2024 53

Table 28: New Project Expenditure Metrics by Region, 2020–2024 54

Table 29: Capex Outlook for Major Planned and Announced Projects by Key Countries (US$ mil), 2020–2024 55

Table 30: New Project Expenditure Metrics by Key Countries, 2020–2024 56

Table 31: Capex Outlook for Major Planned and Announced Projects by Key Companies (US$ bil), 2020–2024 57

Table 32: New Project Expenditure Metrics by Key Companies, 2020–2024 58

Table 33: Capex Outlook for Major Planed and Announced Projects by Field Terrain (US$ bil), 2020–2024 59

Table 34: New Project Expenditure Metrics by Field Terrain 60

Table 35: Capex Outlook for Major Planned and Announced Projects by Facility Type (US$ bil), 2020–2024 61

Table 36: New Project Expenditure Metrics by Facility Type, 2020–2024 62

Figures

Figure 1: Production Outlook from Producing, Planned, and Announced Projects (mboed), 2018–2024 12

Figure 2: Capex Outlook from Producing, Planned, and Announced Projects (US$ bil), 2018–2024 14

Figure 3: Recoverable Reserves (mmboe) from Planned and Announced Projects by Key Countries, Field Terrain, and Project Count, 2020–2024 15

Figure 4: Major Planned and Announced Project Starts by Region, 2020–2024 16

Figure 5: Major Planned and Announced Project Starts by Key Countries, 2020–2024 17

Figure 6: Major Planned and Announced Projects by Terrain, 2020–2024 18

Figure 7: Major Planned and Announced Projects by Facility Type, 2020–2024 19

Figure 8: Crude and Condensate Production Outlook by Region (mbd), 2020-2024 22

Figure 9: Crude and Condensate Production Outlook from Planned and Announced Projects by Region (mbd), 2020-2024 23

Figure 10: Crude and Condensate Production Outlook from Planned and Announced Projects by Region (mbd), 2020-2024 23

Figure 11: Crude and Condensate Production Outlook by Key Countries (mbd), 2020-2024 25

Figure 12: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Countries (mbd), 2020-2024 26

Figure 13: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Countries (mbd), 2020-2024 26

Figure 14: Crude and Condensate Production Outlook by Key Companies (mbd), 2020-2024 28

Figure 15: Crude and Condensate Production from Planned and Announced Projects by Country, Field Terrain and Project Count, 2020–2024 29

Figure 16: Crude and Condensate Production from Planned and Announced Projects by Country, Field Terrain and Project Count, 2020–2024 29

Figure 17: Economic Metrics of Major Planned and Announced Oil Projects, 2020-2024 35

Figure 18: Economic Metrics of Major Planned and Announced Oil Projects by Key Countries, 2020–2024 37

Figure 19: Natural Gas Production Outlook by Region (mmcfd), 2020-2024 38

Figure 20: Natural Gas Production Outlook from Planned and Announced Projects by Region (mmcfd), 2020-2024 39

Figure 21: Natural Gas Production Outlook from Planned and Announced Projects by Region (mmcfd), 2020-2024 39

Figure 22: Natural Gas Production Outlook by Key Countries (mmcfd), 2020-2024 41

Figure 23: Natural Gas Production Outlook from Planned and Announced Projects by Key Countries (mmcfd), 2020-2024 42

Figure 24: Natural Gas Production Outlook from Planned and Announced Projects by Key Countries (mmcfd), 2020-2024 42

Figure 25: Natural Gas Production Outlook by Key Companies (mmcfd), 2020-2024 44

Figure 26: Natural Gas Production Outlook from Planned and Announced Projects by Key Companies (mmcfd), 2020-2024 45

Figure 27: Natural Gas Production Outlook from Planned and Announced Projects by Key Companies (mmcfd), 2020-2024 45

Figure 28: Economic Metrics of Major Planned and Announced Gas Projects, 2020-2024 50

Figure 29: Economic Metrics of Major Planned and Announced Gas Projects by Key Countries, 2020–2024 52

Figure 30: Capex Outlook for Major Planned and Announced Projects by Region (US$ bil), 2020–2024 53

Figure 31: New Project Expenditure Metrics by Region, 2020–2024 54

Figure 32: Capex Outlook for Major Planned and Announced Projects by Key Countries (US$ mil), 2020–2024 55

Figure 33: New Project Expenditure Metrics by Key Countries, 2020–2024 56

Figure 34: Capex Outlook for Major Planned and Announced Projects by Key Companies (US$ bil), 2020–2024 57

Figure 35: New Project Expenditure Metrics by Key Companies, 2020–2024 58

Figure 36: Capex Outlook for Major Planned and Announced Projects by Field Terrain (US$ bil), 2020–2024 59

Figure 37: New Project Expenditure Metrics by Field Terrain, 2020–2024 60

Figure 38: Capex Outlook for Major Planned and Announced Projects by Facility Type (US$ bil), 2020–2024 61

Figure 39: New Project Expenditure Metrics by Facility Type, 2020–2024 62

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