With fluctuating oil prices and shifting trade alliances, energy companies rely on accurate cost data to commit capital with confidence. Without reliable data, equipment costs, drilling budgets, and decommissioning estimates become guesswork, and capital is committed on numbers that no longer reflect market reality.

To address this challenge, Rystad Energy and Quorum Software are collaborating to ensure operators have the latest, most accurate cost analysis. The end product: Rystad Energy’s comprehensive cost intelligence data integrated into Quorum’s Execute Authorization for Expenditure (AFE) solution.

Bringing market intelligence into capital planning

The integration of current, market-validated cost data allows engineering, finance, and asset teams to:

• Price AFEs against live market benchmarks

• Align around a single source of truth to reduce rework

• Make auditable, transparent cost decisions

• Move from assessment to decision faster

• Allocate capital more consistently across assets

Delivering better decisions at the point of commitment

“The challenges faced by the industry in recent years have intensified with both force and magnitude due to geopolitical events, and the cost of doing business can seem nearly unpredictable,” said Erik Holm Reiso, Managing Director, Global Head of Partnerships at Rystad Energy. “The need for reliable, verifiable numbers is more crucial than ever. By integrating our cost intelligence into Quorum’s well delivery workflow, engineers and project teams can make faster, more confident decisions grounded in real-world market insights.”

For many of the world’s leading energy companies, Quorum serves as the operational hub where capital is committed, production is planned, and reserves are reported.

“Our customers execute capital commitments with greater confidence when critical data is available at the point of decision,” said Lindsey Herndon, Executive Vice President and Chief Revenue Officer at Quorum Software. “This enhancement to Execute AFE ensures decisions are made with the right data already inside the platform.”

By connecting Rystad Energy’s deep cost intelligence capabilities with Quorum’s upstream planning and execution platform, operators are better equipped to navigate uncertainty, manage capital efficiently, and move projects forward with confidence.

Interested in learning more about our variety of solutions? Explore our offerings here.

About Rystad Energy

Rystad Energy is a leading global independent research and energy intelligence company dedicated to helping clients navigate the future of energy. By providing high-quality data and thought leadership, our international team empowers businesses, governments and organizations to make well-informed decisions. 

Our extensive portfolio of products and solutions covers all aspects of global energy fundamentals, spanning every corner of the oil and gas industry, renewables, clean technologies, supply chain and power markets. Headquartered in Oslo, Norway, with an expansive global network, our data, analysis, advisory and education services provide clients a competitive edge in the market.  

About Quorum Software

Quorum Software is a leading provider of energy software worldwide, serving more than 1,500 customers across the entire energy value chain in 50 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty-five years ago, Quorum delivered the industry’s first software for gas plant accountants, and today, their solutions streamline business operations across the entire energy value chain with trusted industry-leading software. The global energy industry trusts Quorum’s expertise and applications to successfully improve decision-making, strengthen operational performance, and drive better business outcomes today and into the future. For more information, visit quorumsoftware.com.

Contacts 
Erik Holm Reiso
Managing Director, Europe, Middle East and Africa
Phone: +47 24 00 42 00
erik.reiso@rystadenergy.com

Katie Keenan
Senior Media Relations Manager 
Phone: +1 713 301 9300
katie.keenan@rystadenergy.com

Tara Hanney
Senior Communications Manager, Quorum Software
Phone: +1 832 435 7518
tara.hanney@quorumsoftware.com