IHS CERA is pleased to announce that the Q3 2009 Capital Costs Analysis Forum–Upstream Workshop will be held Wednesday, November 11, 2009, in London at the IHS Offices (133 Houndsditch, London, EC3A 7BX, UK, Phone: +44 (207) 452 5000). The CCAF workshop will be a half-day session discussing the latest market trends, regional variations, updated forecasts, and the new Upstream Capital Costs Index (UCCI) point. The closest hotel is the Grange City Hotel and is about a seven-minute walk from the IHS office (8-14 Cooper's Row London EC3N 2BQ Tel: +44 (0) 20 7863 3700).
CAPITAL COSTS CONTIUE TO FALL
In 2009 capital costs continue to fall and oil companies have begun to invest in upstream projects as oil prices have remained above $60 per barrel in the past two quarters. As demand for goods and services increases, markets that had softened in Q1 2009 have begun to show signs of recovery. This Workshop provides a comprehensive, detailed modeling of the supply and demand dynamics of the marketplace to enable clients to better understand the impact of these changes on their project portfolio and to strengthen their strategic decision-making capabilities.
IHS CERA insights presented at this Roundtable enable clients to comprehend the drivers behind the delicate balance between the upstream equipment and services markets. Leveraging rigorous demand models against a detailed knowledge of the available supply, IHS CERA demonstrates how the potential cost increases or decreases in each market can be determined.
TOPICS
- Latest index point and the changes in the market place
- Updated long-term forecasts
- Leveraging GOCO (Global Oil Capacity Outlook) to build short-term demand forecast
- Yards and fabrication paper review
- Updated market uncertainties
- Current oil price forecast