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Capital Costs Analysis Forum—Upstream: Pause in Cost Escalation
By Pritesh Patel
Published: 8/3/2012
SLOWDOWN IN CAPITAL COST ESCALATIONS DUE TO FALL IN STEEL PRICES
The IHS CERA Upstream Capital Costs Index (UCCI) was almost flat in the second quarter, rising slightly by just 0.1%, hardly noticeable when compared with first quarter escalation of 3%, and a clear indication of a weaker global economy. The dollar was mixed versus most major currencies, strengthening against the euro and mixed to down against other currencies. Although 2012 began with strong indicators and high co...
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