The upstream sector reported 205 awarded contracts in June 2017. Among the notable contracts in the upstream sector were: JGC and its subsidiary, JGC Algeria’s contract worth approximately $636.65m from Sonatrach for Engineering, Procurement, Construction and Commissioning (EPCC) for a gathering and processing facility in the Hassi Messaoud field area of Algeria, and Monadelphous Group’s five-year contract worth approximately $455.68m from Woodside Energy for the asset general maintenance services and offshore implementation for Woodside-operated gas production facilities in the north west of Western Australia.
Operation & Maintenance (O&M) accounted for 76% of the awarded upstream contracts. There were contracts for the provision of ultra-deepwater drillship; jack-up and semi-submersible rigs; Offshore Support Vessels; Diving Support Vessel; Anchor Handling Tug Supply (AHTS) vessels; Remotely Operated Vehicle (ROV) services to support offshore operations; well completion, drilling, and well technology services.
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Upstream contracts by scope and count, June 2017
Source: GlobalData Equipment and Services Analytics
Design and engineering accounted for 7% of the awarded upstream contracts, with activities focused on the provision of 3D electromagnetic data, 4D seismic data acquisition, and a wide range of environmental consultancy services.
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By GlobalDataContracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 10% of the contracts awarded in the upstream sector in June 2017. There were contracts for the provision of engineering, procurement, fabrication, installation, commissioning, and hook-up of wells; Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of wellhead platforms and services for an Improved Oil Recovery (IOR) project.
Procurement accounted for a mere 5% of the awarded upstream contracts, including the supply of High-Pressure/High-Temperature (HPHT) surface wellhead systems, valves and piping equipment.
