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An independent African oil company took over an eight-year old oil and gas project with missing expense records. IHS Markit used historical data from our databases and our Upstream Capital Cost Index to estimate an acceptable cost range for all components. The regulator and operator agreed to the cost recovery audit, enabling further field investment.LEARN MORE
A South Asian NOC wanted to benchmark its performance against typical metrics worldwide. IHS Markit used our vast proprietary resources to capture cost information across the oilfield development cycle by geography and application. The customer used this data to support its long-term cost optimization goals.LEARN MORE
A NOC delayed several projects due to lower oil prices. After value engineering improvements and project location changes, the company wanted to revisit its projects given improved market conditions. IHS Markit estimated the NOC could save $2 billion by optimizing its procurement timing, enabling the company to pursue its projects while positioning itself to maximize project economics for when oil prices increased.LEARN MORE
An upstream company operating in an emerging region with an uncertain regulatory environment needed to understand its procurement options. IHS Markit identified the stakeholders influencing regulation and the cost and timing implications of local content requirements, as well as international sourcing options. The company used this framework to optimize its procurement strategy.LEARN MORE
An independent oil company was producing a small oil field and flaring a small amount of associated gas – a limited option since the company expected to produce higher quantities of gas in new areas of its contract block. IHS Markit identified an optimum development plan for monetizing the gas, enabling the client to engage an engineering company to create a FEED tender package.LEARN MORE
An Asian oil & gas producing company, suffering from project cost and schedule overruns, wanted to compare itself to other companies to better understand and incorporate risk into its investment decisions. IHS Markit analyzed a large number of upstream projects, identifying project and component types susceptible to cost/schedule overruns. The client used this framework to make more informed investment decisions.LEARN MORE