Oil and gas construction projects

Oil and gas construction includes production facilities, liquefaction plants, refineries, pipelines, and storage tanks, and more. Offshore Technology’s Oil and gas construction projects dashboard uses GlobalData’s comprehensive projects database to provide insights into the top oil and gas projects, both offshore and onshore, and oil and gas projects momentum index.

Analysis of the oil and gas construction projects by region shows that the Middle East and Africa region has the largest share of projects by value, with projects worth $1.23 trillion (tn) in pipeline accounting for approximately 35% of the projects in pipeline across the world.

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Global oil and gas projects pipeline volume by country

Offshore Technology tracks oil and gas project developments across the world, including facilities, installations, and equipment.

A total of 22 oil and gas projects were started in 2020, while 23 projects were completed.

Saudi Arabia had the highest number of oil and gas projects whose construction was commenced in 2020 with five projects, followed by Trinidad and Tobago with three and Brazil, Malaysia and India with two projects each.

Global oil and gas projects pipeline value by country

Offshore Technology lists the world’s biggest oil and gas construction projects based on value as tracked by GlobalData.

Oil and gas construction projects with a combined value of $40.57bn were started in 2020, while projects worth $48bn combined were completed.

Brazil started oil and gas projects worth $24bn, followed by Qatar with $3bn and Trinidad and Tobago with $2.45bn in 2020.

Momentum Index for global oil and gas projects

The momentum index is based on scoring the latest developments on projects from +5 to -5 based on the degree to which a development is positive, such as construction commencing or a contract awarded, or negative, such as delays or cancellations. The overall momentum score is the average score for the month, weighted by the project values.

Using GlobalData’s comprehensive and continuously updated construction projects database, Offshore Technology calculates the monthly and trend scores of oil and gas projects.

Monthly score is the average event score for all projects updated in a month, while trend score is the three-month moving average of the monthly score.

Top 50 global oil and gas projects as of November 2021

Offshore Technology has identified the world’s 50 biggest oil and gas projects by value based on GlobalData’s construction projects database.

Libra Offshore Oil Field Development, Brazil, Lula Oil Field (ex-Tupi) Development, Brazil, and Upper Zakum Full Field Development, UAE topped the list of the world’s 50 biggest oil and gas projects by value as of November 2021.

The top five oil and gas projects together accounted for a combined value of $209.1bn.

Project Name	Project Value(US$ m)	Project Owner	Location	Stage
Libra Offshore Oil Field Development	80,000	China National Petroleum Corp;CNOOC New Energy Investment Co Ltd;Petroleo Brasileiro SA;Shell;TotalEnergies SE	Brazil	Execution
Lula Oil Field (ex-Tupi) Development	50,000	Petroleo Brasileiro SA	Brazil	Execution
North Field LNG Expansion	43,000	QatarGas	Qatar	Execution
Iraq Strategic Crude Oil Export Pipeline	41,000	Government of Iraq	Iraq	Tender
Alaska LNG Development	38,700	Alaska Gasline Development Corp	United States	Planning
Upper Zakum Full Field Development	30,000	ADNOC Offshore	United Arab Emirates	On Hold
Johan Sverdrup Oil Field Development	28,600	Aker BP ASA;Equinor ASA;Lundin Energy AB;Maersk Oil Norway AS;Petoro AS	Norway	Execution
Sunrise FLNG Development	20,500	ConocoPhillips;Ministry Of Transport & Communications, Timor-Leste;Osaka Gas Co Ltd;Shell Australia Ltd;Woodside Petroleum Ltd	Australia	Planning
Buzios Offshore Oil and Gas Field Extension	18,000	Petroleo Brasileiro SA	Brazil	Execution
Kish Gas Field Development	13,000	National Iranian Oil Co	Iran	Design
Marlim Offshore Oil Field Revitalization	12,000	Petroleo Brasileiro SA	Brazil	Execution
Ca Voi Xanh Offshore Gas Field Development	10,000	Exxon Mobil Corporation;Vietnam National Oil and Gas Group	Vietnam	Design
Bonga South West Aparo Field Development	10,000	Shell Nigeria Exploration & Production Co	Nigeria	EPC Award
Liza Deepwater Oil Field Development	9,500	Exxon Mobil Corporation;Hess Corp;Nexen	Guyana	Execution
Mad Dog Phase 2 Oil Field Development	9,000	BHP Billiton Petroleum;BP Corporation North America Inc;Unocal Corp	United States	Execution
Payara Deepwater Oil Field Development	9,000	Exxon Mobil Corporation;Hess Corp;Nexen	Guyana	EPC Award
Rosebank Oil and Gas Field Development	8,000	Equinor UK Ltd;Orsted UK Ltd;Siccar Point Energy E&P Ltd;Suncor Energy U.K. Ltd	United Kingdom	Planning
Veidnes Offshore Oil Terminal	8,000	Equinor ASA;Petoro AS;Polimeri Europa SpA	Norway	Execution
Cambo Oil and Gas Field Development	8,000	Siccar Point Energy E&P Ltd	United Kingdom	On Hold
Offshore Floating Natural Gas Liquefaction Plant	7,000	Delfin LNG LLC;Hoegh LNG AS	United States	Design
KG Basin Oil and Gas Off-Shore Development: KG-DWN-98/2	5,076	Intecsea Inc;Oil and Natural Gas Corp Ltd	India	Execution
Iara Offshore Oil Field Development	5,000	BG Group Ltd;Galp Energia SGPS SA;Petroleo Brasileiro SA	Brazil	Execution
Bay du Nord Offshore Oil Field Development	5,000	Equinor ASA;Husky Energy Inc	Canada	Planning
Vito FPU Offshore Oil Field Development	4,800	Equinor ASA;Royal Dutch Shell Plc	United States	Execution
Anchor Offshore Oil Field Development	4,800	Chevron USA Inc;Cobalt International Energy LP;Samson Exploration LLC;TotalEnergies SE;Venari Resources LLC	United States	Design
Equus Offshore Gasfield Development	4,500	Western Midstream Partners LP	Australia	Design
Pecan Oil Field Development	4,400	Aker Energy AS;Fuel Trade Limited;Ghana National Petroleum Corp;Lukoil Oil Co	Ghana	Planning
Jubilee Oil Field Development	4,000	Anadarko Petroleum Corp;Ghana National Petroleum Corp;Kosmos Energy Ltd;The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd;Tullow Ghana Ltd	Ghana	Execution
Jansz-Io Compression (J-IC) project	4,000	Chevron Australia Pty Ltd	Australia	EPC Award
Azeri Central East PDQ Platform	3,500	Azerbaijan International Operating Co	Azerbaijan	Execution
Jackdaw Oil and Gas Field	3,477	Oranje-Nassau Energie B.V.;RockRose CS1 NL BV;Royal Dutch Shell Plc	United Kingdom	Planning
Tyra Gas Field Redevelopment	3,360	Dansk Undergrunds Consortium	Denmark	EPC Award
Sepia Oilfield Development	3,000	Galp Energia SGPS SA;Petroleo Brasileiro SA	Brazil	Construction Complete
Gorgon Gas Field Stage II	2,993	Chevron Australia Pty Ltd;Esso Australia Pty Ltd;JERA Co Inc;Osaka Gas Australia Pty Ltd;Shell Australia Ltd;Tokyo Gas Co Ltd	Australia	Execution
Johan Castberg FPSO Development	2,600	Eni SpA;Equinor ASA;Petoro AS	Norway	Execution
K5 Carbon-dioxide Concentration Gas Field Development	2,500	PETRONAS Carigali International Sdn Bhd	Malaysia	Tender
Balder X Redevelopment	2,160	Mime Petroleum AS;Var Energi AS	Norway	Design
Zawtika Gas Field Development	2,000	Myanmar Oil and Gas Enterprise;PTT Public Co Ltd	Myanmar	EPC Award
Absheron Offshore Gas and Condensate Field Development	2,000	ENGIE;State Oil Company of the Azerbaijan Republic;TotalEnergies SE	Azerbaijan	Execution
Aje Oil and Gas Field Development	2,000	ADM Energy Plc;Energy Equity Resources Ltd;First Hydrocarbon Nigeria Ltd;Jacka Resources Ltd;Lekoil Ltd;New Age Exploration Ltd;Panoro Energy ASA;Vitol Inc;Yinka Folawiyo Petroleum Co Ltd	Nigeria	Planning
Karish Natural Gas Field Development	1,600	Energean PLC;Kerogen Capital (Asia) Ltd	Israel	Execution
Tommeliten A Oil and Gas Field Development	1,500	ConocoPhillips (U.K.) Eta Limited;Conocophillips Norge;Eni SpA;PGNiG Norway AS;TotalEnergies EP Norge AS;Var Energi AS	United Kingdom	Planning
Jerun Gas Field Development	1,500	OMV Group;Sapura Energy Bhd	Malaysia	Execution
Ibhubesi Gas Field Development	1,469	Sunbird Energy Ltd;The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd	South Africa	Planning
Penguins Cluster FPSO Redevelopment	1,413	Royal Dutch Shell Plc	United Kingdom	Execution
Tortue Ahmeyim Offshore FLNG Development	1,300	BP Plc;Kosmos Energy Ltd;Petrosen;Societe Mauritanienne des Hydrocarbures et de Patrimoine Minier	Senegal	Execution
North Sea Nova Oil Field Development	1,200	Agora Developments Ltd;Bayerngas Norge AS;Edison Properties LLC;Wintershall DEA Argentina SA;Wintershall Dea Deutschland AG	Norway	Execution
Fenja Oil Field Development	1,200	DNO International;Neptune Energy Norway AS;Suncor Energy Inc;Var Energi AS	Norway	Execution
Pegaga Gas Field Development	1,000	Mubadala Petroleum LLC;PETRONAS Carigali International Sdn Bhd;Sarawak Shell Bhd	Malaysia	Execution
Delta House 2 FPS Development	1,000	Murphy Oil Corp	United States	EPC Award
South White Rose Extension	935	Husky Energy Inc;Nalcor Energy Ltd;Suncor Energy Inc	Canada	Execution
West Madura Offshore Field Expansion	869	Kodeco Energy Co Ltd;PT Pertamina (Persero);PT Pertamina Hulu Energi West Madura Offshore	Indonesia	Design
Saldanha Bay Oil and Gas Service Facility	853	Transnet National Port Authority;Transnet SOC Ltd	South Africa	Execution