Investment spend still lags replacement requirements: Rystad

摘要

More delayed major oil and gas upstream projects have been sanctioned so far this year than during the whole of 2016, but the list of delayed projects since the 2014 oil price slump continues to grow, according to the Norwegian oil consultancy Rystad Energy. Noting Italian oil major Eni's Final Investment Decision on its Coral LNG project in Mozambique, Rystad estimates that 17 delayed upstream projects have been launched since second-half 2014, accounting for an estimated $78 billion of development spending.