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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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GlobalData's Construction Intelligence Center is the complete source of project, market, company and theme intelligence for the global construction sector.

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
Source: GlobalData Top Global Projects

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