2012 saw the global Oil & Gas Capital Expenditure (CAPEX) cross the trillion dollar USD limit [Source:GlobalData]. With many CEOs under mandate to reign in CapEx overruns, it becomes crucial for Oil and Gas enterprises to free up cash for reinvestment and growth. 

A quick analysis of CAPEX figures from the leading energy firms would reveal that Exploration and Production (E&P) accounts for more than 50% of the spend. Processing and refining spend comes next with around 7% of the total. With many oil and gas companies foraying into deep and ultra-deep offshore areas to meet the demands, E&P CapEx is only expected to grow, along with increasing expenditure towards pipeline and transportation.

Register for a FREE Demo – CapEx Executive KPI Dashboards for Oil and Gas

In addition to the traditional development costs for installations, drilling, completion and abandonment of wells, innovative methods and technologies are also contributing to a spike in CAPEX. North America leads the pack with 24% of the global Capital Expenditure spend, accounting for about $254 billion.

Oil and Gas Executive KPI Dashboard - CapEx

Oil and Gas Executive KPI Dashboard – CapEx

Needless to say, CEOs and CFOs need to how where and how CAPEX is being incurred, and how to reign overruns and course-correct as needed mid-say.

With Visual BI’s Oil and Gas Executive Dashboards Suite, executives can track KPIs such as

    • CAPEX across various locations and time intervals
    • CAPEX split across various time intervals
    • Remaining Budget and forecasted budget for the coming months
    • CapEx Performance comparing actuals and forecasts
    • And many more…!!

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