Costs & Strategic Sourcing

IHS Indexes

IHS Markit Indexes for Cost and Technology are a clearing house for information and data, with each index a proprietary metric developed using the data and tools collected and managed by IHS Markit, published on a consistent and frequent basis as a service to our customers.

UCCI

Upstream Capital Costs Index (UCCI)
The IHS Markit UCCI tracks the costs of equipment, facilities, materials and personnel (both skilled and unskilled) used in the construction of a geographically diversified portfolio of 28 onshore, offshore, pipeline and LNG projects. It is similar to the consumer price index (CPI) in that it provides a clear, transparent benchmark tool for tracking and forecasting a complex and dynamic environment. The UCCI is a work product of the Upstream Capital Costs Service. For information on the Upstream Capital Costs Service, contact Pritesh Patel.

View graph with data points

UOCI

Upstream Operating Costs Index (UOCI)
The IHS Markit UOCI measures cost changes in the oil and gas field operations arena. It is similar to the consumer price index (CPI) in that it provides a clear, transparent benchmark tool for tracking and forecasting a complex and dynamic environment. The UOCI is a work product of the Upstream Operating Costs Service. For information on the Upstream Operating Costs Service, contact Kate Ashcroft.

View graph with data points

DCCI

IHS Markit Downstream Capital Costs Index (DCCI)
The IHS Markit DCCI tracks the costs of equipment, facilities, materials and personnel (both skilled and unskilled) used in the construction of a geographically diversified portfolio of 40 refining and petrochemical construction projects. It is similar to the consumer price index (CPI) in that it provides a clear, transparent benchmark tool for tracking and forecasting a complex and dynamic environment. The DCCI is a work product of the IHS Markit Downstream Capital Costs Service. For information on the IHS Markit Downstream Capital Costs Service, contact Pritesh Patel.

View graph with data points

NACI

The Energy North America Cost Service (NACS) is designed to help clients effectively monitor, forecast and manage major capital investment costs for North American conventional and nonconventional well costs, and deepwater Gulf of Mexico (GOM) field development. IHS Markit tracks the performance of onshore markets in drilling, completions, facilities and operating costs. Offshore markets include rigs overview, vessels, subsea and equipment and operating costs. The service helps participants better anticipate the costs associated with producing oil and natural gas in North America through 2040. Please contact David Vaucher.

View graph with data points

UII

Upstream Innovation Index (UII)
The IHS Markit UII tracks the cost impact of efficiency and design changes on a portfolio of pre-production projects. It accounts for structural cost evolution when making cost escalation assumptions, performs gap analysis against the benchmark for your project or project portfolio, and sets an achievement target that illustrates best practices and optimum project potential. For information on the Upstream Innovation Index, contact Basel Asmar.

View graph with data points