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Projected COVID-19 impact on investments in oil & gas industry worldwide 2010-2025

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

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Source

Release date

March 2020

Region

Worldwide

Survey time period

March 2020

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Statistics on "Coronavirus: impact on the energy industry worldwide"

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