Upstream Capital Costs Index (UCCI)

Unlocking the Upstream Capital Costs Index (UCCI): A Comprehensive Guide

Exploring the Upstream Capital Costs Index (UCCI): A Deep Dive

The Upstream Capital Costs Index (UCCI) stands as a pivotal metric index that meticulously tracks the composite capital costs associated with oil and natural gas production ventures. Owned and managed by Cambridge Energy Research Associates (CERA), now under the umbrella of IHS Markit, the UCCI serves as a cornerstone benchmarking tool for stakeholders within the oil and gas industry.

Deciphering the Upstream Capital Costs Index (UCCI)

At its essence, the UCCI, a proprietary index curated by IHS, provides invaluable insights for analysts, traders, and industry enthusiasts keen on navigating the dynamic landscape of oil and gas endeavors. This index facilitates the meticulous tracking and forecasting of performance metrics pertinent to oil and gas projects, fostering informed decision-making processes.

Delving into the Components of the Upstream Capital Costs Index

The UCCI encompasses a diverse array of 28 projects spanning liquefied natural gas (LNG), pipeline, onshore, and offshore ventures across various geographical regions. These projects serve as the foundational pillars for assessing changes in operating and capital costs over distinct time intervals, offering a comprehensive overview of industry dynamics.

Unveiling the Legacy of CERA and the Evolution of the UCCI

Established in 1983 in Cambridge, Massachusetts, Cambridge Energy Research Associates (CERA) has solidified its reputation as a premier authority on energy research and consulting services. Following its acquisition by IHS Energy in 2004, CERA underwent a transformational journey, culminating in the inception of IHS CERA, Inc. in 2009. This evolution underscores the enduring legacy and influence of CERA within the realm of energy analytics.