Overview

The Cost Benchmarking Solution from Rystad Energy offers comprehensive benchmarking services designed for energy industry projects. This solution includes dynamic statistical analyses, helping companies gain valuable insights into cost performance. It tracks the performance of various energy projects, including offshore, onshore, and LNG, offering accurate cost expectations for new projects in diverse regions. Users can optimize cost management strategies with detailed reports and regularly updated databases, improving the overall efficiency of project planning and execution.

Features and Capabilities

• Dynamic Statistical Analysis: Offers P10, P50, and P90 statistical models for cost forecasts, ensuring accuracy and adaptability to project variability.
• Regular Updates: Monthly updates to cost data, ensuring your benchmarks remain relevant in a fluctuating market.
• Sector-Specific Benchmarking: Covers offshore, onshore, and LNG sectors, providing tailored cost benchmarks for different types of energy projects.
• Comprehensive Data Access: Includes detailed cost data for reserves, production, surface facilities, and subsea equipment.
• Supplier and Market Insight: Analyzes supplier market shares, pricing power, and backlog, enhancing strategic decision-making.
• Cost Performance Tracking: Regular trend reports track cost changes, helping identify inefficiencies and areas for cost optimization.
• Global Reach: Compare costs across different regions, providing a global perspective for international projects.
• Educational Resources: Offers training courses to help teams understand cost modeling and benchmarking techniques, improving overall project management skills.
• Customizable Reports: Tailored benchmarking reports for specific client needs, offering strategic insights and performance evaluation.
• Market Intelligence: Provides in-depth market insights that guide project development strategies based on current and future trends in the energy sector.