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IHS CERA sees upturn in upstream, downstream costsIHS CERA sees upturn in upstream, downstream costs

06/28/2010
The global costs of building and operating upstream oil and gas facilities showed signs of an upturn in this year's first quarter following last year's slump, according to IHS Cambridge Energy Research Associates (IHS CERA). In a separate IHS CERA study, meanwhile, the cost of designing and building refineries and petrochemical plants rose by 1.5% in the 6 months ending at the end of this year's first quarter.Upstream costsThe IHS CERA Upstream Capital Cost Index slipped 0.3% during the 6 months ending at the end of the first quarter of 2010, while the firm's Upstream Operating Costs Index rose 3%.The firm said costs were pushing upward toward the end of the first quarter, before the oil ...
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