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.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Forecasted greenfield capital expenditure on conventional oil and gas fields following COVID-19 until 2025
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 December 23, 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 December 23, 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: December 23, 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 December 23, 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/
