UNSPSC 71151200: Oilfield economic and risk model services
Class
Code facts
UNSPSC codes and definitions come from the UN Development Programme (managed by GS1 US), and state and local contract opportunities from the governments' procurement sites.
Codes under 71151200
NIGP codes for 71151200
Definition
Oilfield financial planning services.
About UNSPSC 71151200
UNSPSC 71151200 Oilfield economic and risk model services is a Class code that shows little relevant recent state and local activity; the posted opportunities tagged to it span landfill gas collection infrastructure, park irrigation upgrades, digester gas utilization contracting, and municipal executive recruitment—none of which align with the code's nominal scope of economic and risk modeling for oilfield operations. The mismatch between the code name and the work actually being solicited suggests either tagging error in the source data or that state and local procurement offices are using this code in ways unrelated to its intended taxonomy purpose. No state or local opportunities under this code reflect modeling, economic analysis, or risk assessment services for oil and gas extraction or production operations.
Given the absence of genuine oilfield economic and risk model solicitations in recent state and local procurement, there is no meaningful geographic concentration, issuing-body pattern, or representative opportunity to report. Business development professionals evaluating this code should verify directly with state and local procurement offices whether the code continues to be used for oilfield-related work or whether the current activity reflects data quality issues in the underlying opportunities dataset.
Quick answers
What is UNSPSC 71151200?
UNSPSC 71151200 is Oilfield economic and risk model services, a class in UNSPSC 71000000, Mining and oil and gas services.
What codes are under UNSPSC 71151200?
UNSPSC 71151200 has 3 codes under it with their own GovTribe pages: 71151201 Oilfield budgeting services, 71151202 Oilfield capital planning services and 71151203 Oilfield decision tree services.
Which NIGP codes match UNSPSC 71151200?
UNSPSC 71151200 maps to 1 NIGP code, 96261 Petroleum Production, Transmission, and Distribution Services for Oil and Gas Wells (Including Drilling, Exploration, Extraction, Project Management, etc.).
On GovTribe
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