IHS CERA: Upstream facilities' costs down, operating costs up

摘要

The costs of building and operating upstream oil and gas facilities-which fell drastically in first-quarter 2009 after a prolonged period of escalation-appear to be bottoming out. This is according to cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).The IHS CERA Upstream Capital Costs Index (UCCI), which tracks costs associated with constructing new oil and gas facilities, fell 4% over the past six months.