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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 provides insight into the number of new oil and gas projects in the world by country and stage of development.

As at the start of 2022, Offshore Technology had identified 2,410 oil and gas projects over $25m at various stages of development, including 808 in execution.

By country, the US was home to the highest number of oil and gas projects with 221 projects, followed by India and Iran with 192 and 134 projects, respectively.

Global oil and gas projects pipeline value by country

Offshore Technology provides an analysis of the total investment value of oil and gas projects by country and stage of development, based on GlobalData’s construction projects database.

The total pipeline of new oil and gas construction projects over $25m had a combined value of $5.44tn at the start of 2022.

By country, the US had the largest pipeline of over $25m new oil and gas projects, worth a total of $599.68bn, followed by India and Canada with $442.84bn and $388.84bn, respectively.

Brazil had oil and gas construction projects in the execution phase worth $177.24bn, followed by the US with $166.67bn and Iran with $138.64bn in 2021.

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 of all project developments in each month, weighted by the project values.

The oil and gas construction projects momentum index, which is based on GlobalData’s construction projects database, depicts the monthly and trend scores of projects.

Monthly score is the average event score for all project developments in each month, while the trend score is the three-month moving average of the monthly score.

Top 50 global oil and gas projects as of February 2022

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 North Field LNG Expansion, Qatar topped the list of the world’s 50 biggest oil and gas projects by value as of February 2022.

The top five oil and gas projects together accounted for a combined value of $252.7bn.

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
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
Salamat Gas Field Development 10,200 BP Alternative Energy Holdings Ltd;Ministry of Petroleum, Egypt;Pharaonic Petroleum Co Egypt Study
Bonny Island NLNG Train VII 10,000 Nigeria LNG Ltd Nigeria Execution
Ca Voi Xanh Offshore Gas Field Development 10,000 Exxon Mobil Corporation;Vietnam National Oil and Gas Group Vietnam Design
Liza Deepwater Oil Field Development 9,500 Exxon Mobil Corporation;Hess Corp;Nexen Guyana Execution
Zuluf Oil Field Development 9,100 Saudi Arabian Oil Co Saudi Arabia EPC Award
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 Execution
Plaquemines LNG Facility 8,500 Venture Global LNG Inc United States Execution
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
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 Execution
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 Construction Projects Database

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