Insight
Canada cost inflation: the effect and response
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Cost inflation is a hot topic at the moment. In Q1 2022 earning Canadian E&P’s addressed their exposure and response. A general trend of 10-15% cost inflation was seen but this varied across resource theme and operator experience varied greatly. Some operators maintained guidance and mitigated pressures while others increased guidance to compensate. We break down the data companies shared for both capital and operating cost pressures and add our analysis of which factors helped some E&Ps keep a control on it.
Table of contents
- Executive Summary
- The facts
- Operator's response
- Our take
- What about operating costs?
- Specific company Q1 2022 cost inflation remarks
Tables and charts
This report includes the following images and tables:
- Company production compared to 2022 capital inflation rise
- Percentage of oil sands operating costs coming from energy/fuel
What's included
This report contains:
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