Fab Yard Trends Revealed in Recent E&P Market Study

A major petroleum exploration and production company sought market intelligence on the fabrication costs for large offshore processing facilities. Independent Project Analysis (IPA) was commissioned to study how these costs varied by global region. IPA looked at fabrication yard cost trends in terms of cost and capability for six different regions. This study not only helped our client to gauge whether they were getting competitive bids from fabrication yards but also improved the company’s understanding of IPA benchmarks.