Stay Connected

IHS CERA says upstream cost decline flattening

12/14/2009
Upstream cost declines evident in the first half of the year appear to be flattening, reports IHS Cambridge Energy Research Associates.In the third quarter, the firm's capital-cost index fell slower than it did earlier in the year, while its operating cost index rose slightly from its first-quarter level.The indexes assess changes since 2000, costs of which are assigned the value 100.The third-quarter capital-cost index showed a 6-month decline of 4% to 202. IHS CERA said the decline resulted from lower levels of upstream oil and gas activity, which pulled down costs of drilling rigs and yards and fabrication.Steel costs for upstream equipment fell by 12% between the first and third quart...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.