Cost Estimating Solution
Build transparent cost estimates across traditional oil and gas, low carbon, and renewable energy project types
Our solution offers access to project cost estimating insights through analytics, bespoke reports, and estimating modules focusing on driving transparency and informed decision-making through cost estimation of engineering, procurement, and construction (EPC) projects within the energy industry.
Leveraging our extensive research of project cost drivers and outcomes, our estimating solutions cover projects ranging from traditional oil and gas (offshore production facilities, offshore decommissioning, offshore and onshore pipelines, conventional and shale wells), energy transition (carbon capture and storage), and renewable energy (offshore wind, onshore wind, and solar).
Through the use of our DynamiX framework, users are able to model upcoming projects with custom design, execution, and cost bases to understand the impacts of decision-making during the project development process.
Drive transparent and effective decision-making and project development through:
Understanding P50 cost estimates for corporate planning
Forecasting cost impacts of inflation on project capex based on project schedule and Rystad forecasted market dynamics
Evaluating cost impacts of design and execution trade-offs during project development
Bolster tender opportunity evaluation and improve project planning and performance through:
Identifying gaps, supplementing, and comparing third-party views with internal cost estimates
Understanding regional cost drivers in order to plan and improve execution strategies
Identifying key areas for cost reduction and cost avoidance
Quickly determine the value of project portfolios by:
Modeling upcoming projects across upstream oil and gas, low carbon, and renewable sectors
Forecasting exposure to risks and opportunities in various aspects of project development for upcoming transactions
Comparing project capex, opex, and economic profiles of projects within potential investment opportunities
Make better decisions with Cost Estimating Solution across multiple energy types. Learn how below:
Relevant across energy types
Make informed decisions with our cost estimating dashboards that enable you to:
- Quickly develop transparent estimates to better rank opportunities
- Select optimal concepts and development strategies by analyzing capex, opex, economics and market risks
- Support engineering with real-time cost impacts from design decisions
Gain timely and comprehensive insights into project cost and service price trends through:
- Cost Estimating handbook offering unique estimating factors by facility type for TIC, topsides weight and topsides costs, to be used for concept selection, benchmarking or Class 4 & Class 5 factored estimates
- Schedule Cost Optimization reports highlighting areas of risk and opportunity for project teams based on project schedules and Rystad's forecasts for inflation across the energy supply chain
Bespoke consulting engagements delivered by our industry specialists.