GlobalData’s latest report, “Americas Upstream Development Outlook, 2021–2025” indicates that 110 key crude and natural gas projects are expected to start operations in 13 countries (excluding the US L48). Among these, 59 represent the number of planned projects with identified development plans and 51 represent the number of early stages announced projects that are undergoing conceptual studies and that are yet to be approved for development.
In terms of the number of planned oil and gas projects, Brazil leads among countries with 21 projects, followed by Mexico with 13 projects. Brazil also leads in terms of announced projects with 14, followed by the US with 13 projects (excluding the US L48).
Ultra-deepwater terrain has the highest number of projects with 36, followed by onshore with 31.
In Americas, among offshore projects that are expected to come online by 2025, 19 projects are likely to be developed with FPSO and subsea systems each, while 6 and 5 upcoming projects may use fixed platforms and FPUs, respectively.