Bid & Tender
Over $36.9bn Capex Planned for Top 10 Offshore Heavy Oil Projects

Date : Apr 24, 2018

Over $36.9 billion in capital expenditure will be spent over the lifetime of the top 10 upcoming offshore heavy oil projects to produce 2.6 billion barrels of oil.

 

These 10 projects, selected from 18 upcoming offshore heavy oil projects globally, will contribute incremental capacity of 400.5 thousand barrels of oil per day (mbd) to global oil supply by 2025, according to GlobalData, a leading data and analytics company.

 

Ayin-Batsil, an announced shallow water field in Mexico that was not awarded during last year’s bidding rounds, is the largest with anticipated peak production at 62.9 mbpd in 2030 at an estimated cost of $5.9 billion.