Oil and gas continue to provide security

1. Indonesia
Abadi
Gas Field
US$21bn
Inpex

Located in water depths of 400–800 metres, the field holds 18.5Tcf of gas. The development will use a floating production, storage and offloading unit with a processing capacity of 1.8Bcf of gas  and 35,000 barrels of condensate per day. Gas produced will support the Abadi liquefied natural gas plant.

2. Argentina
Sierra Grande FLNG
Export Terminal Phase 1
US$7bn
YPF

The development will see the installation of one floating liquefaction structure with a capacity of up to 6m tonnes of liquefied natural gas per year. Partners Shell and YPF plan to begin front-end engineering design in December 2025, targeting a final investment decision in 2026.

3.Namibia
Venus
Oil Field
US$5bn
TotalEnergies

Located in water depths of up to 3,000 metres, the field holds around 2bn barrels of oil and substantial gas reserves. The development will use a floating production, storage and offloading unit, handling 160,000 barrels of oil and 500Mcf of gas per day, supported by about 40 subsea wells tied back to the vessel.

4. Belgium
Antwerp Polyolefins
Complex
US$1.7bn
Vioneo

The plant will produce 300,000 tonnes of polyethylene and polypropylene annually, using green methanol as a feedstock. Contracts have been awarded to a number of players, including Wood, Honeywell and Lummus Technology. A final investment decision is anticipated by the end of 2025.

5. Mozambique
Rovuma LNG Liquefaction Plant
US$30bn
Mozambique Rovuma Venture

This liquefied natural gas liquefaction plant, fed by Mozambique’s offshore Mamba fields, will comprise 12 modular units with a total liquefaction capacity of 18Mtpa. With electric-driven gas trains instead of turbines, the project is expected to a reach final investment decision in 2026.

6. Qatar
Bul Hanine Oil Field – Redevelopment Phase 2
US$6bn
Qatar Energy

Phase 2 involves building a central super complex that will include production, compressing, utility and living quarter platforms, with topside weights of up to 14,000 tonnes. The scope of work  includes new processing and riser platforms, subsea pipelines, platform modifications and decommissioning works. Construction is scheduled to begin in 2026.

7. Mexico
Polok and Chinwol
Oil Fields
US$600m
Repsol

Repsol plans to fast-track development of the two discoveries using the existing OSX-1 floating production, storage and offloading unit, which has a production capacity of 60,000 barrels per day and storage for more than 900,000 barrels of oil. BW Offshore completed front-end engineering work for the unit.

8. Papua New Guinea
Elk-Antelope LNG Liquefaction Project (Papua)
US$9bn
TotalEnergies

The project will include four electric liquefied natural gas trains with a combined capacity of 6Mtpa. The project has faced difficult regulatory requirements, but the operating company continues to advance critical scopes of work, and a final investment decision is targeted for 2026.

9. Cyprus
Cronos
Gas Field
US$1.5bn
Eni

The Cronos gas discovery, made by the Cronos-1 well in Block 6, 160km offshore Cyprus at 2,287m depth, holds an estimated 3Tcf of gas. The development will use facilities at Egypt’s Zohr field for transport and processing, and export via the Damietta liquefied natural gas plant, with a final investment decision targeted in 2026.

10. Iraq
Basra
Fertiliser Plant
US$1bn
KAR Electrical Power Production Trading FZE

A fertiliser plant is set for construction in Basra, Iraq. It will have a daily production capacity of 2,300 tonnes of ammonia and 3,850 tonnes of urea, and the finished facility will employ KAR’s advanced ammonia technology solutions.

Are you ready to export? Email: lucas.ramos@the-eic.com

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