Cost InsightsOur EMEA Oil & Gas Upstream Market Report provides granular historical and granular cost trends for key categories of spend.
In our November 2021 report, we expect deflation of -2.4% in CAPEX costs and inflation of 3.3% in OPEX costs over the next 12 months.
Notable cost trends include sharp reverses from recent bullish inflation with OCTG costs expected to fall by -29.6%, Subsea Equipment costs by -14.2% and Production Chemicals costs by -0.8% from September to December 2021.
