Q4 Pre-Fid Upstream Project Tracker: A Big December Lifts 2017 Sanction Total

  • ID: 4542516
  • Report
  • Wood Mackenzie
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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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