North Sea Offshore Spend Market Report
Oil & Gas | Article | May 2021
Volatile markets can have an adverse effect on operators, especially when having to purchase products and services off contract. For example, with Equipment Maintenance Services 8% off contract on average and costs expected to rebound c.3% by April 2022, operators must be prepared to manage their spend effectively to mitigate market changes.
This report highlights on and off contract spend as well as historical and forecast market trends for key offshore categories in the region.
If you want to find out more about a specific category or how we leverage our >$6 trillion proprietary energy spend data to support operators, you can download the report by filling out the form.
Read the full article here: https://www.costinsights.com/2021-northsea-key-cost-trends-in-upstream
If you are interested in discussing this topic further or if you have any questions, simply submit your contact details and we’ll get in touch.