Costs and Supply Chain
Empowering strategic sourcing decisions
With Energy transition taking the forefront for many companies and investment in traditional oil and gas developments on the decline in many regions, the need to reduce project costs and optimize supply chains is as critical now as it ever has been.
Costs and Supply Chain is well positioned to help with these challenges. Well established and trusted by the industry over many years, and developed in partnership with and for the oil majors, we provide our customers with the best industries information and analysis available on project costs and supplier and category management, helping our clients make better, informed decisions.
With a large research and consulting team, deep supply chain and cost expertise, we provide in-depth analysis for capital and operating cost markets, unique historical and forward-looking market segment analysis and cost indices covering upstream, midstream, and downstream sectors. Our insights on project costs and across the oilfield equipment and services markets, supports customers with their planning and management of costs within a project portfolio, and to optimize procurement with strategic category and supplier management.
We Can Help You With
Project cost planning
- How can I project portfolio costs for planning and budgeting and which external market trends and key drivers will affect supplier markets most?
- What are the cost escalation assumptions I should consider? How do my estimates compare to industry indexes?
Category and supplier management
- Buy at the right time: What are the drivers of oilfield services and equipment suppliers’ underlying costs, and what are the cost outlooks for individual market segments over the next 5 years?
- Negotiate the right price: What opportunities and risks does the balance of supply and demand in a supplier segment present for operators and suppliers in terms of market power, profit margins, and supply bottlenecks?
- Source from the right suppliers: How can I quickly draw up a long list and review suitability parameters for key suppliers in an oilfield services and equipment segment?
What’s Included
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Costs and Expenditures
Costs and Expenditures offerings are designed to help operators effectively monitor, forecast, and manage major capital and subsequent operating cost investments for onshore and offshore field and downstream developments.
- It enables effective negotiations with vendors based on real industry costs and provides an independent view of the global (structural and cyclical) cost environments with the provisions of forecasts of short-term cost movements and long-term cost trends.
- Based on our Global Scenarios and analyses the drivers behind changes in the markets of the upstream industry.
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Oilfield Equipment and Services
Our Oilfield Equipment and Services provides actionable market intelligence for benchmarking supplier’s costs, evaluating purchasing performance and identifying cost savings.
- Detailed tracking, analysis and forecast of demand, supply, suppliers, category costs and the impact of key cost drivers
- Enables better sourcing/ procurement decisions, more predictable project deliveries and bottom-line cost savings by identifying supply bottlenecks and opportunities
- Better supplier relationship management for Operators and market / competitive intelligence for vendors
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Costs and Expenditures Indexes
Our indexes are a clearing house for information and data and each index is a proprietary metric developed using the data and tools collected and managed by S&P Global Commodity Insights, published on a consistent and frequent basis to service our clients.
- Upstream Innovation Index
- Upstream Capital Costs Index
- Upstream Operating Costs Index
- Downstream Capital Costs Index
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Market Segment Cost Models
Understand the fundamental drivers of project costs for forecasting, budgeting, benchmarking and long term planning.
- Prebuilt cost models across all key oilfield equipment and services market segments.
- Raw data used to build customizable cost models with uses able to change cost items, split weightings and include contractor margins.
- Cost categories cover raw material, bulks, equipment, assembly and fabrication, management and engineering and other cost categories.
- Tracks quarterly cost changes from 2003 to latest quarter, with a 5-year forecast.
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Supplier Relationship Management
Building long-term beneficial supplier relationships starts with good up-to-date intelligence on them.
- Track more than 1200 industry suppliers
- Detailed supplier’s profiles for key oilfield service and equipment vendors
- Access to our supplier's database with basic market segment information
- Valuable insight to the contractor’s capabilities and performance for key supplier
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Data & Distribution
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Why Upstream Solutions?
Unparalleled Experience
For decades, we've monitored the global energy sector, using expert insights, software, and proprietary data to help you assess value, manage risk, and seize opportunities to achieve success.
Global Intelligence
With coverage of over 200 countries and territories, we offer data that is not only comprehensive but also global in scope, supporting your international and regional projects.
Independent Source
Our independent expertise allows us to provide unbiased, industry-specific guidance that helps our clients navigate complex market dynamics.
Data Your Way
Gain access to upstream data and insights delivered when and how you need it. From the established to the cutting edge – all via multiple platforms that can give you a decisive edge over the competition.
Upstream Experts
Partnering to help you achieve a successful future, our global team of upstream experts offers extensive knowledge across the entire Energy Value Chain.
AI-Driven Technology
We leverage advanced AI/ML technologies—from geological datasets to E&P software and analytics, to asset transaction value research—enabling AI-driven efficiencies for smarter, faster decision-making in the upstream energy industry.
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