2020 has been a volatile year for upstream supply markets in Europe, and several key cost categories have experienced inflationary pressure. For example, since January,
- Screen costs have increased by 16.6%
- Generator costs have increased by 11.7%
- Carbon Steel Pipe costs have increased by 11.3%
Understanding how key cost markets are trending unlocks value across the entire cost management lifecycle: from identifying market-driven opportunities and risks to support category strategy development, to executing data-driven vendor negotiations, to tying contracts to favorable indices to underpin contract resilience.
Our team recently put together a list of upstream cost categories which experienced the most inflationary pressure during 2020.
To request more information on our cost market data and how operators make use of it to manage cost inflation risk, please fill out the form to the right, or don't hesitate to contact us at email@example.com.