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Projected global oil & gas greenfield investments by segment 2014-2023

As the coronavirus pandemic has caused oil prices to plummet across the world, investments in new oil and gas projects are expected to fall notably. For 2020, final investment decision activity in greenfield projects is estimated to value at some 27 billion U.S. dollars. Onshore projects would see the greatest share of total conventional investments. Meanwhile, greenfield capital expenditure is projected to hit a low similar to the one seen during the 2010s oil glut.

Estimated value of conventional greenfield investments sanctioned or to be sanctioned by segment worldwide (in billion U.S. dollars)*

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Release date

June 2020



Survey time period

June 2020

Supplementary notes

* Figure refers to projects having reached FID.
** Excluding oil sands.
Figures for 2020 to 2023 are projected as of June 2020.

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