Canada cost inflation: the effect and response

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23 May 2022

Canada cost inflation: the effect and response

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 2 images and tables including:

  • Company production compared to 2022 capital inflation rise
  • Percentage of oil sands operating costs coming from energy/fuel

What's included

This report contains:

  • Document

    Canada cost inflation: the effect and response

    PDF 1.04 MB