Pritesh Patel
S&P Global
Executive Director, Capital Costs Analysis Forum
Pritesh Patel leads the team of experts that analyze and assess upstream capital and operating costs, under today’s complex construction environment. Mr. Patel is an expert in oil and gas conceptual development studies both onshore and offshore. He has more than 25 years of domestic and international expertise in project management and strategic consulting. Mr. Patel has investigated the full range of offshore oilfield development scenarios including subsea systems, floating production systems, and boosting technologies. He has also been involved in business strategy development and industry forecasting, enabling him to develop a broad interest and understanding of worldwide industry issues and trends. Mr. Patel leads the Costs and Supply team in S&P Commodity insights. Together, these services provide insights in demand, supply, and costs trends across the upstream space and are a key reference and benchmark to any upstream asset. He was responsible for the creation of the Upstream Capital Cost Indices, which are now the standard for cost escalation in the industry. Previously, he led the development of the asset valuation software, QUE$TOR, which is the standard used by operating companies in early-phase cost estimating. He has also worked on a number of consulting projects, which have included everything from detailed design of facilities and assets, developing company strategies, to assisting countries in licensing rounds. Before joining S&P Global, Mr. Patel worked as a chemical engineer at ExxonMobil Refinery in Gravenchon, France, and a number of research projects at Purdue University. Mr. Patel holds a BEng in chemical engineering from Bradford University and a master’s degree in process chemical engineering from Loughborough University, United Kingdom. Pritesh Patel leads the team of experts that analyze and assess upstream capital and operating costs, under today’s complex construction environment. Mr. Patel is an expert in oil and gas conceptual development studies both onshore and offshore. He has more than 25 years of domestic and international expertise in project management and strategic consulting. Mr. Patel has investigated the full range of offshore oilfield development scenarios including subsea systems, floating production systems, and boosting technologies. He has also been involved in business strategy development and industry forecasting, enabling him to develop a broad interest and understanding of worldwide industry issues and trends. Mr. Patel leads the Costs and Supply team in S&P Commodity insights. Together, these services provide insights in demand, supply, and costs trends across the upstream space and are a key reference and benchmark to any upstream asset. He was responsible for the creation of the Upstream Capital Cost Indices, which are now the standard for cost escalation in the industry. Previously, he led the development of the asset valuation software, QUE$TOR, which is the standard used by operating companies in early-phase cost estimating. He has also worked on a number of consulting projects, which have included everything from detailed design of facilities and assets, developing company strategies, to assisting countries in licensing rounds. Before joining S&P Global, Mr. Patel worked as a chemical engineer at ExxonMobil Refinery in Gravenchon, France, and a number of research projects at Purdue University. Mr. Patel holds a BEng in chemical engineering from Bradford University and a master’s degree in process chemical engineering from Loughborough University, United Kingdom.
