PUBLISHER: GlobalData | PRODUCT CODE: 1882816
PUBLISHER: GlobalData | PRODUCT CODE: 1882816
This report provides a detailed analysis of oil and gas projects globally, based on projects tracked by GlobalData.
GlobalData is tracking oil and gas construction projects with a total value of $3.5 trillion, from the pre-planning stage to the execution stage. Most of the projects are in the late stages (pre-execution and execution), amounting to $2.3 trillion or 63.8% of projects by stage. Assuming all projects in the currently tracked pipeline proceed according to their schedules and spending is distributed evenly across the execution stage, annual pipeline expenditure may reach $310.1 billion in 2025 and $490.1 billion in 2026. Between 2027 and 2029, spending on the currently tracked pipeline may reach an annual average of $531 billion. Private financing accounts for more than half of the funding, 54.3%, public financing accounts for 33.4% and public-private financing accounts for 12.3% of all the projects tracked by GlobalData.