Upstream Transformation Service

Upstream Transformation Service Helping upstream navigate the energy transition ihsmarkit.com Oil and gas will remain a significant contributor to global energy supply for decades to come — but we live in a world that simultaneously demands more energy and lower greenhouse gas emissions. To deliver, the oil and gas industry needs to transform itself. Upstream transformation means delivering lower carbon, higher value production in more sustainable and efficient ways than ever before. This transition will require reimagining established processes and developing new performance metrics. It will require new ways of operating, measuring, and reporting. Complacency is not an option. Reducing emissions from core oil and gas operations in the near term is required to build trust with investors and consumers, and maintain export market access. Partner with us and be empowered to make your best decisions. The IHS Markit Upstream Transformation Service provides peer benchmarking and best practice identification to evaluate decisions transforming upstream strategies, portfolios, technologies, costs, regulations, and emissions. The Service analyzes energy transition challenges for upstream stakeholders through three lenses — company, government, and technology — and provides a deep dive on carbon capture, utilization, and storage (CCUS). Leverage industry-leading upstream expertise to define your path to a low-carbon future.

Company Benchmark company low-carbon strategies and actions, assess their ability to execute, and identify emerging corporate best practices • Analytics: Company Low-Carbon Action Tracker • Research: Company Low-Carbon Strategy Profiles

Global integrated oil companies: Estimated organic low-carbon investment

$16 $14 $12 $10 $8 Billions $6 $4 $2 $0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 BP Chevron Eni Equinor ExxonMobil Shell Total SE

Notes: Based on company guidance and IHS Markit estimates. The low-carbon sector includes alternative energies (including renewables and biofuels), storage, alternative transportation, gas as it pertains to the generation, transmission, and distribution sectors, and emissions reduction from oil and gas operations. Includes capex and R&D spending; excludes M&A. Source: IHS Markit © 2021 IHS Markit

Source: IHS Markit Upstream Transformation Service, Company module Government Monitor regulatory changes and incentives that will impact project economics, compliance, technology deployment, market access, and policymaking in other jurisdictions • Analytics: Government Low-Carbon Action Tracker • Research: Detailed insights on policy developments and direction

Source: IHS Markit Upstream Transformation Service, Government module

Technology Evaluate companies’ technology investment strategies and compare innovation activities for indications of future success • Analytics: Low-Carbon Technology Tracker • Research: Detailed insights on the technology directions and successful deployment case studies

CCUS innovation actitivies by CCUS innovation actitivies by CCUS innovation actitivies by value chain innovation vehicle participants Capture and utilization M&A OFSE Storage JIP NOC Utilization Independ

Source: IHS Markit Upstream Transformation Service, Technology module CCUS Forecast cost and supply chain developments and analyze subsurface attributes crucial to project planning and execution • Analytics: CCUS Project Database, CCUS Cost Indices, CCUS Policy Tracker • Research: Detailed insights on developments shaping CCUS prospects

Source: IHS Markit Upstream Transformation Service, CCUS module

Who benefits from this Service? • Oil and gas companies • Governments and upstream regulators • Financial services companies • Oilfield services companies

Related Services Upstream Insight Subscriptions Costs & Technology | Companies & Transactions | Commercial Plays & Basins | E&P Terms & Above-Ground Risk

Climate & Sustainability Clean Energy Technology | Energy and Climate Scenarios CUSTOMER CARE

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EUROPE, MIDDLE EAST AND AFRICA T +44(0) 134 432 8300

ASIA PACIFIC T +604 291 3600

JAPAN T +81 3 6262 1887

E [email protected]

CONTACT INFORMATION

Nathaniel Julien Product Manager T +44 (0) 2031593590 E [email protected]

About IHS Markit IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next- generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.