The Coronavirus, which has caused nearly 2 800 deaths world-wide, was likely to have a bigger impact on prevailing oil and gas prices than on project construction, industry analyst Wood Mackenzie (Woodmac) said on Thursday.
Manufacturing shutdowns and shipping bottlenecks were causing project delays, Woodmac said in a statement, noting that vessels and other large components being constructed in affected shipyards have the most obvious supply impact.
However, the volumes at risk were not material in global production terms.
Head of upstream analysis Fraser McKay said that for most operators, even if delays stretch to six months, the greatest impact would be on the prevailing oil and gas prices.