ProducingDeepwater
Santos Basin, Brazil 24°52′S 42°41′W
Pre-salt FPSO that reached 100 million barrels 23 months after first oil.
- Capacity
- 180 kbbl/d
- Water depth
- 2,140 m
- Interest
- 60%
- Home
- Projects
Projects that define our next decade.
Deepwater oil, LNG, refining, wind and carbon storage, each tested to pay back at $45 Brent and to fit our 2030 emissions targets. This is where our capital goes between now and 2030.
12Major projects
$38 bnCapital program 2026–2030
4Start-ups in 2026–27
2CCS hubs in development
Twelve projects, from pre-salt oil to carbon storage.
Filter by segment or search by basin, country or status. Select any project to open its specification sheet, partners and milestones.
CommissioningLNG
Pilbara, Western Australia 20°36′S 116°48′E
A second liquefaction train lifts our Pilbara site to 7.6 mtpa, with first cargo due in Q1 2027.
- Capacity
- 3.8 mtpa
- Start-up
- Q1 2027
- Interest
- 65%
In constructionCCS
Central North Sea, UK 57°36′N 0°54′E
Will store CO₂ from Scottish and English industry 2,600 m below the seabed from 2027.
- Phase one
- 5 Mtpa CO₂
- FID
- Oct 2026
- Injection
- 2027
ProducingOnshore
Permian Basin, Texas, USA 31°54′N 102°06′W
Long-lateral wells and electric frac fleets, with the lowest methane intensity in our portfolio.
- Output
- 212 kboe/d
- Wells
- 1,140
- Methane
- 0.04%
In constructionOffshore wind
Southern Baltic Sea 54°54′N 14°36′E
A 30% stake in 1.1 GW of offshore wind, contracted to power our Port Arden refinery.
- Capacity
- 1.1 GW
- Turbines
- 73
- First power
- 2028
ProducingSour gas
Abu Dhabi, UAE 23°36′N 53°42′E
Two new sour gas trains came online in September 2026, two months early and under budget.
- Added
- 300 MMscf/d
- Field total
- 1.2 bcf/d
- Online
- Sep 2026
In constructionElectrification
Northern North Sea, UK 61°06′N 1°24′E
A 142 km power cable from Shetland will replace the platform's gas turbines in 2027.
- Cable
- 142 km
- CO₂ cut
- 160 kt/yr
- Power
- 2027
ExplorationAppraisal
Offshore Suriname 7°54′N 55°06′W
Two oil discoveries from 2025, now being appraised for a possible FPSO development.
- Discoveries
- 2
- Water depth
- 1,180 m
- Interest
- 50%
FEEDRenewable fuels
Rotterdam, Netherlands 51°57′N 4°06′E
A second unit adds 18 kbbl/d of renewable diesel and sustainable aviation fuel.
- New capacity
- 18 kbbl/d
- Site total
- 38 kbbl/d
- FID
- 2027
FEEDCCS
Coastal Bend, Texas, USA 27°44′N 97°08′W
Our second CCS hub, storing CO₂ from Bayshore and neighbouring plants in saline sandstone.
- Phase one
- 3 Mtpa CO₂
- Depth
- 2,100 m
- FID
- 2027
ProducingSolar + storage
Al Wusta, Oman 19°36′N 57°42′E
Solar power and battery storage that supply our oil and gas operations in central Oman.
- Solar
- 400 MW
- Battery
- 200 MWh
- Online
- 2025
FEEDInfill drilling
Norwegian Sea, Norway 65°54′N 7°36′E
Eight infill wells from existing templates to hold the gas-condensate field at plateau.
- New wells
- 8
- Field output
- 96 kboe/d
- FID
- Q2 2027
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Eight projects start up between now and 2032.
Al Noor came online in September. Corvina Train 2, Skerry Point and Tern follow in 2027. Dates after October 2026 are plans that depend on partner approval and regulatory consent.
- Appraisal and FEED
- FID
- Construction
- Commissioning
- Production or operation
- Today
Scroll sideways to see the full schedule
| Project | Appraisal or FEED | FID | Construction | Start-up | Producing or operating from |
|---|---|---|---|---|---|
| Corvina LNG Train 2 | Completed 2023 | Feb 2024 | Mar 2024 – Aug 2026 | Sep 2026 – Feb 2027 | Mar 2027 |
| Skerry Point CCS | Jan 2024 – Jun 2026 | 14 Oct 2026 | Oct 2026 – Sep 2027 | Oct – Dec 2027 | Jan 2028 |
| Tern electrification | Jan 2024 – Apr 2025 | May 2025 | May 2025 – Sep 2027 | Oct – Dec 2027 | Jan 2028 |
| Baltic Wind JV | Jan 2024 – Jan 2025 | Feb 2025 | Feb 2025 – Dec 2027 | Jan – Jun 2028 | Jul 2028 |
| Fenris infill drilling | Jan 2026 – Apr 2027 | May 2027 (planned) | May 2027 – Jun 2028 | Jul – Dec 2028 | Jan 2029 |
| Port Arden renewable diesel | Apr 2026 – Jul 2027 | Aug 2027 (planned) | Aug 2027 – Sep 2029 | Oct 2029 – Mar 2030 | Apr 2030 |
| Gulf Coast storage hub | Jan 2026 – Oct 2027 | Nov 2027 (planned) | Nov 2027 – Jun 2030 | Jul – Dec 2030 | Jan 2031 |
| Saramacca development | Appraisal Jan 2026 – Jun 2028 | Jul 2028 (planned) | Jul 2028 – Dec 2031 | Jan – Jun 2032 | Jul 2032 |
Schedule as of October 2026. Hover over or tap a bar for its dates. Planned dates are updated with each quarterly result.
Case study
How Halcyon reached 100 million barrels in 23 months.
Our largest operated asset produces from a pre-salt reservoir in 2,140 metres of water off Brazil. It started up on schedule, came in 4% under budget and reinjects all of its associated gas.
Halcyon FPSO · Santos Basin24°52′S 42°41′W
Designed with the crew that runs it
We brought the offshore operations team into the project two years before first oil. Their reviews took 14 pieces of rotating equipment off the topsides and moved routine inspection to remote sensors, so fewer people work offshore and fewer things can fail.
Commissioning ran from one digital model shared by our engineers in Rio de Janeiro, the conversion yard and the operations centre in Houston. Halcyon reached its 180 kbbl/d plateau seven months after first oil and has held 90-day uptime above 98% since.
- Capacity
- 180 kbbl/d
- Water depth
- 2,140 m
- Oil storage
- 1.6 MMbbl
- Wells
- 9 producers, 8 injectors
- Gas reinjected
- 100%
- Uptime, 90 days
- 98.7%
- Final investment decision
Sanctioned at a $45 Brent break-even with partners Atlântica Petróleo and Kestrel Upstream.
- Hull sail-away
The converted hull left the yard with topsides modules installed and pre-commissioned.
- First oil
Production began on the date set at sanction, 45 months after FID.
- Plateau reached
Output reached 180 kbbl/d with all associated gas reinjected.
- 100 million barrels
Cumulative production passed 100 million barrels, 23 months after start-up.
The people who run Halcyon helped design it, and you can see that in the uptime. Every FPSO we sanction from now on will be built the same way.
Chief Operating Officer
We sanction carefully, then deliver what we sanctioned.
Since 2018 we have started up 15 major projects. Thirteen came in on or ahead of schedule, and across all 15 the final cost was 3% below the budgets approved at FID.
87% on schedule
Major projects started up on or ahead of schedule since 2018
13 of 15 start-ups
−3% vs FID
Average cost variance against the sanctioned budget
Nominal dollars, 2018–2026
58% local
Share of project spend with suppliers in the host country
Projects sanctioned since 2020
0lost-time incidents
In 9.2 million hours of Corvina LNG Train 2 construction
Mar 2024 – Aug 2026
Selected start-ups since 2018
Measured against the schedule and budget approved at FID
| Project | Segment | Start-up | Schedule | Cost vs budget |
|---|---|---|---|---|
| Al Noor expansion | Sour gas, Abu Dhabi | Sep 2026 | 2 months early | −6% |
| Halcyon FPSO | Deepwater oil, Brazil | Mar 2024 | On schedule | −4% |
| Sable Gas phase 2 | Offshore gas, Egypt | Nov 2023 | 1 month early | −5% |
| Kauri subsea tieback | Deepwater oil, US Gulf | Aug 2022 | On schedule | −2% |
| Montney Gas phase 3 | Onshore gas, Canada | Apr 2022 | On schedule | −3% |
| Port Arden renewable diesel unit | Refining, Netherlands | Jun 2021 | 2 months late | +3% |
| Corvina LNG Train 1 | LNG, Australia | Dec 2019 | On schedule | −4% |
| Heron Deepwater FPSO | Deepwater oil, Nigeria | Jul 2019 | 4 months late | +6% |
We build with partners who hold the same standard.
We choose contractors for their safety record first, then hold them to the same schedule, cost and emissions targets we report to our board.
- Joint-venture partners
- 41
- Active suppliers
- 2,900
- Supplier countries
- 46
Involved before FID
Fabricators, installers and drilling contractors join our teams during FEED, so they can challenge the design while changes are still cheap to make.
Paid for outcomes
Part of each contractor's margin depends on schedule, safety and emissions results, and it is paid at the same milestones we report to investors.
Local suppliers first
Every host country has a supplier development plan. On projects sanctioned since 2020, 58% of spend has gone to companies based in that country.
Selected contractors on current projects
Listed alphabetically
- Granite Bay EnvironmentalCO₂ monitoring and verificationSkerry Point · Gulf Coast
- Halvard DrillingSemi-submersible drilling rigsFenris · Saramacca
- Ironvale EngineeringEPC managementAl Noor · Port Arden
- Kelso CompressionGas and CO₂ compressorsSkerry Point · Al Noor
- Larkspur MarineHeavy lift and installation vesselsBaltic Wind · Halcyon
- Meridian FabricationTopsides and process modulesCorvina Train 2
- Northwind SubseaSubsea production systemsHalcyon · Fenris · Corvina
- Pellucid Geophysics3D and 4D seismic acquisitionSaramacca · Fenris
- Saltmarsh Cable WorksSubsea power cablesTern · Baltic Wind
- Tidewell Process SystemsGas treating and sulphur recoveryAl Noor · Gulf Coast
Bring your capability to our next decade of projects.
We are qualifying suppliers now for Skerry Point, the Gulf Coast storage hub and Port Arden. Register once and our procurement teams in Houston, Aberdeen and Perth can find you.