Megaprojects

Key Points

  • Oil megaprojects are large oil field projects to bring a significant amount of new oil production capacity to market
  • Cautions:
    • Lists of projects are incomplete
    • Project delays may cause inaccurate inferences from projects
    • Declines in existing capacity must be included
    • Some oil production capacity may be spare (deliberately unused)
    • Accidents, natural disasters, wars, and revolutions can affect production of oil
    • New projects are in remote areas
    • Megaproject lists begin at the time of first oil delivered to market, prior to ramp up to full production

Arctic Oil and Gas Ultimates

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