Insight
Q2 2025 pre-FID project tracker: major upstream projects progress despite geopolitical headwinds
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Nine projects have been sanctioned in 2025 so far. Representing over US$30 billion of committed investment and over 3 billion boe of reserves. The rest of 2025 could see up to US$60 billion of capex and 7 billion boe of reserves across 17 projects could still be sanctioned in 2025.
Table of contents
- Final investment decisions so far in 2025
- What to look for in the remainder of 2025?
- About the tracker
Tables and charts
This report includes the following images and tables:
- Major project FIDs in 2025
What's included
This report contains:
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