Global upstream FIDs to hit a new high in 2024 with focus on decarbonisation and deepwater resources
Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach final investment decisions (FID) in 2024 for an estimated investment of US $125 billion, with the new investments putting a significant emphasis on deepwater projects and emission reduction targets, as per a new report from Wood Mackenzie.