Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global Commodity Insights
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings.
Investor Relations
  • Investor Relations Overview
  • Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Merger Information
  • Governance
  • Stock & Dividends
  • Shareholder Services
  • Contact
English
  • Español
  • 中文网站
  • Português
  • 한국어
  • हिंदी
  • English (Australia)
  • 日本語
Support
  • Get Support
  • System Notifications
  • Delivery Platforms
  • Regulatory Engagement
Login
  • Commodity Insights Login
  • Access IHS Markit Products
Register
  • Commodities
  • Products & Services
  • Methodology
  • Market Insights
  • Energy Transition
  • Events
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Engineering Solutions
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
  • Oil Upstream LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture
    Latest in Commodities
    Listen: The future of naphtha and diesel flows after EU sanctions

    What will replace Russian diesel and naphtha flows to Europe after EU sanctions take effect on 5...

    UK's January road fuel sales recover to highest for month since 2020

    The UK's road fuel sales recovered from seasonal lows in January to hit their highest average for...

    China to cut clean oil product exports in Feb amid strong domestic demand

    China's refineries will cut clean oil product exports in February as domestic demand in January was...

  • Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition
    I Need
    Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data
    Data and Partner Delivery
  • Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints
    References
    Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS
  • Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog    Research & Analysis Top 250 Rankings   
    Latest in Market Insights
  • PLATTS ANALYTICS PRODUCT PLATFORM
    ACCESS ANALYTICS HUB
  • All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards    Global Metals Awards   
    Featured Events
    Forums London Energy Forum
    • 27 Feb 2023
    • London
    Forums CERAWeek
    • 27 Feb 2023
    • London
    Conferences ,Forums FUJCON 2023
    • 13 Mar 2023
    • Fujairah, UAE

Costs & Technology Consulting

Maximize your competitiveness at the corporate or asset level

As the oil and gas industry adapts to the foreseeable low oil price future, controlling costs and using technology to maximize efficiency and unlock new resources have never been more important. With revenues falling much faster than costs since 2014, oil and gas producers are looking for innovative ways to improve the efficiency of operations of existing fields and the way they design, build and operate new projects. Standing still is not a long-term viable option and, therefore, operators are seeking ways to produce more for less through rigorous continuous improvement, application of new technologies and selecting the most economic projects in their portfolios.

S&P Global experts can help provide you with the transparency you need to manage both CAPEX and OPEX costs, harnessing both market opportunities and advances in technology to gain a competitive edge. We provide tailored consulting studies or customized client reports on:

  • Field development planning: Applying the right concepts and technologies to maximize value
  • Cost estimation: Using the latest market prices, supply chain availability and local knowledge to ensure realistic cost assessments during the early project stages
  • Audits and reviews: Ensuring that estimates and project valuations are comprehensive and achievable within current market conditions
  • Supply chain analysis: Providing a deep understanding of suppliers, input costs and how demand will affect future pricing, investment, and market and competitive strategy support
  • Project performance benchmarking: Analyzing projects cost and performance to compare with peers and industry standards
  • Analysis of offshore rig markets: Providing supply/demand and activity forecasts
  • Analysis and valuation of offshore vessel markets: Conducting fair market value and future valuations of offshore rigs
  • Technology consulting: Assisting with R&D strategy, competitor analysis, best practices, benchmarking

Visit Upstream Oil & Gas Consulting

Improve strategic and tactical decisions
SPEAK TO AN ENERGY EXPERT
Chemical Consulting & Advisory Services Leverage an unmatched combination of information, insight and expertise to help you make the leap from data to results, with S&P Global’s Chemical Consulting & Advisory Services.
Find out More
Explore our Upstream Demo Hub Sample our energy research, analysis, and insights in one integrated platform
EXPLORE NOW

Services

Cost Consulting

S&P Global consultants understand the holistic impact of costs on upstream operations. Our consulting capabilities are underpinned by industry-leading research, insight, analysis, tools and databases. These resources empower us to develop benchmarks and build strategies to optimize CAPEX/OPEX, manage risks, design comprehensive procurement strategies, measure performance across the industry, and conduct cost audits.

S&P Global experts provide customized consulting solutions around costs to help you achieve sustainable results:

  • Field development planning and cost estimation
    • Prospect evaluation, initial cost estimates, minimum economic recoveries and assessment of tie-ins
    • Concept selection and evaluation including, production, facility, pipeline and export route optimization
    • Calculation of project escalation and rebasing of existing estimates
    • Assessment of project cost, schedule and performance risks
    • Cost reduction initiatives to optimize development plans, increase standardization, incorporate new technologies and take advantage of market conditions
    • Detailed operations cost modelling for operations readiness and budget planning
  • Cost audit and valuation
    • Audits of historical and development costs for cost recovery and arbitration
    • Site or data room visits to assess current condition, replacement cost, depreciated value and future liabilities for M&A due diligence and BOT projects
    • Replacement cost valuations for insurance
  • Demand and supply forecasts
    • Market forecasts for new technologies, oil field equipment, materials, and services based on current and forecast macroeconomic scenarios and project activity, and impact assessment of key market disruptions (e.g., regulatory changes, oil price shifts)
    • Supply chain analysis to identify key supplier bottlenecks, local content availability, and optimum procurement strategy and timing
    • Procurement market intelligence programs combining demand and supply forecasts, project risk factors and opportunity dashboards
    • Investment support
    • Market and competitive strategy support
  • Benchmarking
    • Analysis of project cost and operator performance
    • Project comparisons with actual and “should cost” benchmarks at peer, market and historical trend levels
    • Collaborative benchmarking services
  • Analysis of offshore rig markets
    • Forecasts of supply, demand and day rates by rig type, area
    • Forecasts of wells to be drilled, by well type, water depth, area
    • Forecasts of related markets (rig repair, rig construction)
    • Expert opinion regarding contract disputes, market day rates, company projections
  • Analysis and valuations of offshore vessel markets (single vessel or fleet)
    • Fair market values (no contract) of:
      • Offshore rigs
      • Platform supply vessels, anchor-handling tug supply vessels
      • ROV and dive support vessels
      • Construction vessels
      • Accommodation vessels
      • FPSOs
    • Fair market value (with contract) and future valuations of offshore rigs
Technology Consulting

Technology and broader forms of innovation are at the heart of upstream oil and gas industry efficiency and cost management aspirations. S&P Global consultants are well-positioned to support E&P organizations in their efforts in these areas. Drawing on proprietary data bases, analytical tools, and a library of internally developed best practice case studies, we advise companies on a technology program that is most appropriate for their particular circumstances and advances their broader strategic objectives.

S&P Global oil and gas technology consultants help clients navigate the increasingly complex upstream technology landscape and arm executives with robust insight necessary to make technology investment and deployment decisions for increased competitiveness.

A unique aspect of our oil and gas technology consulting practice is its association with the Upstream Technology and Innovation (UTAI) research service from S&P Global. This service provides valuable insights into technology trends and developments taking place across the E&P value chain, including how best to source, manage and advance them. It also gives S&P Global consultants an opportunity to work closely with industry-leading technology programs and business leaders to develop insights into industry technology trends.

S&P Global extends its upstream technology thought leadership position through several programs associated with its annual CERAWeek conference. The CERAWeek Technology Agora brings together senior industry technology and business executives to explore topics of timely and strategic interest, and it also highlights emerging energy innovations. In addition, the long-standing CERAWeek Energy Innovation Pioneers program recognizes those early stage energy technology companies that are demonstrating a real impact on the business, which has allowed S&P Global to develop and maintain close relationships throughout the energy startup ecosystem.

Specific areas of our team’s expertise include:

  • Prioritizing technology development focus areas based on a company’s existing or target portfolio, projected future technology trends and strategic priorities
  • Assessing the technology landscape to identify portfolio gaps, quantify potential business impacts and benchmark E&P technology organizations versus their peers
  • Developing upstream digitalization strategies that address specific business challenges and opportunities, incorporate emerging digital technologies and related concepts, and align work practices and organizational models to ensure maximum benefit

Experts

Pritesh Patel

Pritesh is responsible for the cost and expenditure, rigs, onshore, offshore and equipment services, as well as cost consulting offerings from S&P Global Commodity Insights . He is an expert in oil and gas conceptual development studies, both onshore and offshore. During more than 20 years of domestic and international experience in project management and strategic consulting, Pritesh has investigated the full range of offshore oilfield development scenarios, including subsea systems, floating production systems and boosting technologies. He has developed services and solutions for the supply, procurement, and market intelligence groups for major operators. He also has been involved in business strategy development and industry forecasting, developing a broad understanding of worldwide industry issues and trends.Pritesh holds a Master of Science in chemical engineering from Loughborough University, United Kingdom.

  • Oil & Gas Upstream
  • Capital Construction Costs
  • Exploration & Production (E&P)
View Profile

Judson Jacobs

Judson studies the strategic implications and tactical applications of oilfield and digital technologies across the oil and gas value chain in the current role. His recent research includes the role of technology in managing oil and gas GHG emissions, new technology commercialization strategies and open innovation models, and the growing role of digital technology in field development and asset operations.Prior to joining S&P Global, Judson worked as a management consultant with the Mitchell Madison Group and held senior engineering positions with Schlumberger and Anadarko Petroleum Corporation.Judson holds a BSE from Princeton University and an MS in Geology from Stanford University.

  • Oil & Gas Upstream
  • Clean Technology & Renewables
  • Climate and Sustainability
  • Unconventional Oil & Gas
  • Upstream Costs & Technologies
  • Carbon Capture, Utilization and Storage
  • Clean Technology Innovation
  • Decarbonization
  • Digital Transformation
  • Energy R&D Trends
  • Energy Technologies
  • Energy Transition
  • Exploration & Production (E&P)
  • Exploration & Production (E&P) Strategy
  • Field Development
  • Geology
  • Geophysics
  • Greenhouse Gas (GHG) Emissions Management
  • International Oil Companies (IOCs)
  • Low Carbon Spending
  • Mature Field Technologies
  • National Oil Companies (NOCs)
  • Offshore Drilling
  • Oilfield Services
  • Unconventional Resources
  • Unconventional Technology and Development
  • Upstream Benchmarking
  • Upstream Cost Reduction
  • Upstream Operations
  • Upstream Technology Benchmarking
  • Water
  • Well Intervention
View Profile

Oscar Abbink

Dr. Oscar is responsible for analysis of the strategic implications of new technologies in the energy sector and leads the Upstream Technology and Innovation service. He is widely respected for his knowledge and global experience with upstream oil and gas, energy industry monitoring and trends, and oil and gas digitalization. ​​​Dr. Oscar has more than 20 years' experience in the international energy sector. He has led many research and consulting projects advising organizations with their technology strategy, benchmarking, and implementation, and their digital transformation. Previously, Dr. Oscar was Industry Leader, Oil and Gas, Business Consulting, with a major system integrator, and Director Oil and Gas with a major research organization.Dr. Oscar holds a M.Sc. and an industry-sponsored Ph.D. from Utrecht University, the Netherlands and is fluent in Dutch and English.​

  • Oil & Gas Upstream
  • Clean Technology & Renewables
  • Oil & Gas Upstream
  • Upstream Costs & Technologies
  • Carbon Capture, Utilization and Storage
  • Clean Technology Innovation
  • Digital Transformation
  • Energy R&D Trends
  • Energy Technologies
  • Energy Transition
  • Exploration & Production (E&P) Strategy
  • Gas Renewable Integration
  • Greenhouse Gas (GHG) Emissions Management
  • Mature Field Technologies
  • Oil & Gas Resources
  • Unconventional Technology and Development
  • Upstream Cost Reduction
  • Upstream Decommissioning
  • Upstream Technology Benchmarking
View Profile

Andrew Day

During his 25 years at the company, Andrew has led consulting teams undertaking oil and gas field, pipeline and LNG facilities design, engineering, and CAPEX and OPEX cost estimation consulting solutions to the industry including market outlooks and supply side market intelligence. Working closely with research and product teams, Andrew has also been directly involved in the development and consultation of S&P Global Commodity Insights's cost research and tools, including UCCI, UOCI, Vantage, QUE$TOR® and OPE$T. Throughout his career, he has provided his expertise to customers on worldwide projects of all sizes, including regional development plans, due diligence, field development planning and conceptual engineering, as well as other areas of expertise encompassing market forecasts, process design, subsea processing and commissioning.Prior to joining S&P Global, he was a process engineer for Humphreys & Glasgow/H&G Engineering, working on the design and commissioning of a wide range of projects including subsea separation, the Miller oil field, ammonia production and oil refining.Andrew holds a Bachelor of Science degree in Chemical Engineering from Aston University, UK, and is a member of the Institution of Chemical Engineers.

  • Oil & Gas Upstream
  • E&P Terms and Above-Ground Risk
  • Engineering & Product Design
  • Oil Markets, Midstream, and Downstream
  • Sourcing and Supply Chain
  • Upstream Companies & Transactions
  • Upstream Costs & Technologies
  • Bid Rounds
  • Carbon Capture, Utilization and Storage
  • Clean Technology Innovation
  • Company Valuations
  • Construction Vessels
  • Decarbonization
  • Deepwater Offshore Market
  • Energy Technologies
  • Exploration & Production (E&P)
  • Field Development
  • Floating Production
  • Floating Production Storage and Offloading (FPSO)
  • Gas Compressors
  • Gas Renewable Integration
  • International Oil Companies (IOCs)
  • LNG (Liquefaction) Commissioning
  • LNG (Liquefaction) Facility Operations
  • Low Carbon Spending
  • Mature Field Technologies
  • National Oil Companies (NOCs)
  • Natural Gas / LNG Markets
  • Upstream Benchmarking
  • Upstream Capital and Operating Cost Estimation
  • Upstream Cost Reduction
  • Upstream Decommissioning
  • Upstream Engineering and Project Management
  • Upstream Facilities
  • Upstream Operations
  • Upstream Opportunity Screening
  • Upstream Project Planning
  • Upstream Supply Chain
  • Upstream Valuation
  • Water
View Profile

Erik Simonsen

Erik is responsible for the Executive Offshore Market Outlook (EOMO) service and customized client consulting within offshore rig and vessel market segments. He is responsible for the new offshore decommisssioning service in S&P Global.Erik has experience from finance and market research within all offshore oil and gas sectors since 1997, and before that 13 years of experience in both the equity and lending side of the financial industry. He founded the market intelligence company Offshore Research AS in 1999, and the company was acquired by ODS-Petrodata in 2008. ODS-Petrodata was acquired by S&P Global in 2011.He holds a Master of Science and Bachelor of Science from the Norwegian School of Business Administration and Economics (NHH), Bergen, Norway.

  • Oil & Gas Upstream
  • Upstream Costs & Technologies
  • Construction Vessels
  • Deepwater Offshore Market
  • Diving Support
  • Offshore Accommodation
  • Offshore Drilling
  • Offshore Heavy Lift
  • Offshore Pipelay
  • Offshore Rigs
  • Offshore Vessels
  • Subsea Vessels
  • Upstream Decommissioning
View Profile

Industry Success Stories

Verifying cost recovery for an upstream project

An independent African oil company took over an eight-year old oil and gas project with missing expense records. S&P Global 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

Benchmarking drilling cost and operations for a South Asian NOC

A South Asian NOC wanted to benchmark its performance against typical metrics worldwide. S&P Global 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

Optimizing project CAPEX and timing to take advantage of market conditions

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. S&P Global 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

Understanding regulatory and procurement strategy impact on project timing and cost

An upstream company operating in an emerging region with an uncertain regulatory environment needed to understand its procurement options. S&P Global 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

Evaluating gas utilization opportunities for an independent producer

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. S&P Global 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

Cost overrun analysis for an Asian oil & gas producing company

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. S&P Global 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

You may be interested in

Industries

Oil & Gas Upstream Image

Upstream Technology and Innovation

Oil & Gas Upstream Image

Costs Solution for Oil & Gas Industry

Oil & Gas Upstream Image

Upstream Costs & Expenditures

Oil & Gas Upstream Image

QUE$TOR

Oil & Gas Upstream Image

Oilfield Equipment and Services

Image

Upstream Capital and Operating Cost Indices

Oil & Gas Upstream Image

Executive Briefings: Oil and Gas

Oil & Gas Upstream Image

Upstream Oil and Gas Investment Risk Forecasting and Analysis

Oil & Gas Upstream Image

Subsurface Consulting & Mapping Analysis

Climate and Sustainability Image

Energy and Climate Scenarios

Climate and Sustainability Image

Russian-Caspian Oil and Gas Investment Data and Analysis

Oil & Gas Upstream Image

Energy OPEX Planning and Cost Optimization Software: OPE$T

Oil & Gas Upstream Image

E&P Terms and Above-Ground Risk

Climate and Sustainability Image

Oil, Natural Gas and Power Strategy Planning and Data: EnergyView

Oil & Gas Upstream Image

Business Environment Consulting

Oil & Gas Upstream Image

Oil and Gas Regulatory Consulting

Oil & Gas Upstream Image

US Production Data

Financial Services Image

Global Private Equity

Explore

RELATED INDUSTRIES & TOPICS
  • Oil & Gas Upstream
  • Industry Monitoring and Trends
  • Exploration & Production (E&P)
{"items" : [ {"name":"login","url":"","enabled":false,"desc":"Product Login for existing customers","alt":"Login","large":true,"mobdesc":"Login","mobmsg":"Product Login for existing customers"},{"name":"facts","url":"","enabled":false,"desc":"","alt":"","mobdesc":"PDF","mobmsg":""},{"name":"sales","override":"","number":"[num]","enabled":true,"desc":"Call Sales</br><strong>[num]</strong>","alt":"Call Sales</br>[num]","mobdesc":"Sales","mobmsg":"Call Sales: [num]"}, {"name":"chat","enabled":true,"desc":"Chat Now","mobdesc":"Chat","mobmsg":"Welcome! How can we help you today?"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fupstream-cost-technology-consulting.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fupstream-cost-technology-consulting.html&text=Costs+%26+Technology+Consulting+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fupstream-cost-technology-consulting.html","enabled":true},{"name":"email","url":"?subject=Costs & Technology Consulting | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fupstream-cost-technology-consulting.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Costs+%26+Technology+Consulting+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fupstream-cost-technology-consulting.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Commodity Insights
  • Media Center
  • Advertisers
  • Locations
  • Get Support
  • Contact Us
  • Careers
  • Corporate Responsibility
  • History
  • Investor Relations
  • Leadership
  • Glossary
  • © 2023 by S&P Global Inc. All rights reserved.
  • Terms of Use
  • Do Not Sell My Personal Information
  • Privacy Policy & Cookie Notice
  • Site Map