Upstream Capital Costs Index - UCCI

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Definition: Upstream Capital Costs Index - UCCI

It is a metric that was introduced for CERA's capital costs analysis forum for upstream. It is a metric index and CERA possesses the proprietary rights for the same and hence formally known as IHS/CERA upstream capital costs index. It is used to measure or track the overall cost of the materials, equipment, facilities and also the cost of the personnel involved in a given portfolio of oil and natural gas producing projects. The projects are 28 in number and have a diversified portfolio of being onshore, offshore, pipeline and LNG model.

A sample graph appears as shown in the below figure


It can thus be used to track the performance of the underlying oil and natural gas properties as well.



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