PUBLISHER: GlobalData | PRODUCT CODE: 1936119
PUBLISHER: GlobalData | PRODUCT CODE: 1936119
This report provides a detailed analysis of oil and gas construction 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 65.2% 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 $458.6 billion in 2026 and $638.6 billion in 2027. Between 2028 and 2029, spending on the currently tracked pipeline may reach an annual average of $498.6 billion. Private financing accounts for more than half of the funding, 54.1%, public financing accounts for 33.5% and public-private financing accounts for 12.4% of all the projects tracked by GlobalData. Majority of projects tracked by GlobalData are onshore projects, accounting for $2.8 trillion or 80.3%, with offshore accounting for $692.3 billion (19.7%) of projects.