This statistic shows the average amount by which oil and gas megaprojects had exceeded their budget in 2014, by global region. Oil and gas megaprojects in North America exceeded their budget by an average of fifty-one percent in 2014.
Average cost overrun of global oil and gas megaprojects in 2014, by region
Characteristic
Average project cost overrun
Latin America
102%
Middle East
68%
Asia Pacific
57%
Europe
57%
Africa
51%
North America
51%
0%20%40%60%80%100%120%
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EY. (August 14, 2014). Average cost overrun of global oil and gas megaprojects in 2014, by region [Graph]. In Statista. Retrieved April 10, 2025, from https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/
EY. "Average cost overrun of global oil and gas megaprojects in 2014, by region." Chart. August 14, 2014. Statista. Accessed April 10, 2025. https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/
EY. (2014). Average cost overrun of global oil and gas megaprojects in 2014, by region. Statista. Statista Inc.. Accessed: April 10, 2025. https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/
EY. "Average Cost Overrun of Global Oil and Gas Megaprojects in 2014, by Region." Statista, Statista Inc., 14 Aug 2014, https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/
EY, Average cost overrun of global oil and gas megaprojects in 2014, by region Statista, https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/ (last visited April 10, 2025)
Average cost overrun of global oil and gas megaprojects in 2014, by region [Graph], EY, August 14, 2014. [Online]. Available: https://www.statista.com/statistics/526392/average-cost-overrun-global-oil-and-gas-megaprojects-by-region/
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