Offshore Platforms

Fixed offshore production platforms (e.g. jackets or gravity-based structures) typically handle tens of thousands of barrels of oil equivalent per day.

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Even smaller platforms (50k bpd) represent on the order of $3 million in output per day (at ~$60/bbl).

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Large upstream projects overwhelmingly face delays –one global study found most megaprojects run ~20 months late on average. In the oil & gas sector specifically, ~1.5 years average delay has been observed for major projects.

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We estimate on the order of ~10 fixed-platform projects globally per year (new builds or major upgrades >$100M). Given typical delays around a year, the yearly aggregated opportunity cost is substantial (several tens of billions).

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Daily Opportunity Loss (USD)

≈ $2–4 million per day (per platform, assuming ~30–50k boe/d output)

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Projects per Year (global)

~10 projects/year (approximate count of major new offshore platforms >$100M)

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Average Delay per Project

~12–18 months (roughly 1 year delay on average)

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Annual Opportunity Loss (USD)

≈ $10–15 billion/year (deferred production revenue from delayed fixed-platform projects worldwide)

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* If you are interested in our research and data sources, visit this link.