With crude oil prices slumping in the wake of the coronavirus, 2019 (COVID-19) pandemic, greenfield capital expenditure for conventional oil and gas fields worldwide is expected to fall to around 78 billion U.S. dollars in 2020. A month ago, before the severity of COVID-19 was fully understood and before Saudi Arabia decided to ramp up oil production, the value of projects reaching final investment decision was expected to amount to 209 billion U.S. dollars this year.
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Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025
(in billion U.S. dollars)
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Rystad Energy. (March 17, 2020). Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/
Rystad Energy. "Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025 (in billion U.S. dollars)." Chart. March 17, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/
Rystad Energy. (2020). Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/
Rystad Energy. "Forecasted Greenfield Capital Expenditure on Conventional Oil and Gas Fields following Covid-19 until 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Mar 2020, https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/
Rystad Energy, Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/ (last visited November 22, 2024)
Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025 (in billion U.S. dollars) [Graph], Rystad Energy, March 17, 2020. [Online]. Available: https://www.statista.com/statistics/457813/global-oil-and-gas-fields-greenfield-capex/
