Upstream Cost Engineering Committee (UCEC) 2019

Summary

Advancing owner cost engineering in the E&P industry.

The UCEC strives to improve upstream project and business results by providing metrics for better cost engineering. Member company representatives gather once a year to learn about and review new UCEC metrics packages prepared by IPA. The upstream metrics packages are used by companies to compare their upstream project cost and schedule outcomes with industry cost and schedule norms and, in general, boost business project estimate assurance and evaluation quality.