The viability of an oil and gas project depends heavily on accurate cost estimates, equipment availability and alignment of product delivery with infrastructure options. Analysis can be plagued by contradictions because data is drawn from multiple sources. Oil and gas operators may estimate individual project phase developments without complete understanding of future CAPEX/OPEX requirements or market delivery points. Service companies may find it challenging to price offerings without knowing total associated project costs. And financial institutions can reject project funding if they have no visibility of local operating capabilities or existing infrastructure details.
IHS Markit gives customers a comprehensive, holistic perspective, providing information and expertise across the lifecycle of oil and gas field development and market supply. Find equipment availability, metrics and costs with analytical software, and get comprehensive transportation, processing and markets infrastructure data for prospect and project development with our midstream database. We can help you:
Estimate, monitor and control costs
Plan for major new developments and projects
Understand regional cost trends
Boost in-house efficiency
Tie upstream projects to infrastructure/processing facilities
Understand field development projects from conception to decommissioning.
Understand rig, seismic vessel and other equipment-scheduling and availability metrics in new areas such as East Africa offshore.
New market planning
Use updated construction costs to predict and evaluate costs in new growth areas like the Middle East and Latin America.
Reduce data-gathering time and effort caused by calculating via analogy or using historical costs.
Verifying cost estimates
Use in-depth data and analysis to compensate for cost-estimation expertise gaps and minimal personnel training time.
New market entry
Identify and screen new business opportunities by region or other criteria.