Yinson, TechnipFMC and McDermott lead EMEA upstream award activity in Q1 2019

29 April 2019 (Last Updated April 29th, 2019 12:40)

EMEA recorded the most contracts with 569 contracts, representing around 48% of the total awarded contracts in Q1 2019.

Yinson, TechnipFMC and McDermott lead EMEA upstream award activity in Q1 2019
EMEA recorded the most contracts with 569 contracts, representing around 48% of the total awarded contracts in Q1 2019.

In Q1 2019, the oil and gas industry reported 1,242 contracts, of which 1,178 were awarded contracts. The upstream sector reported 73% of the total awarded contracts, with 862 contracts. The midstream sector recorded 156 contracts, representing 13% of the total awarded contracts, followed by 141 contracts in the downstream sector; representing 12% of the awarded contracts during the quarter.

EMEA oil and gas contracts 2019

EMEA recorded the most contracts with 569 contracts, representing around 48% of the total awarded contracts in Q1 2019, followed by the Americas with 366 contracts, representing 31% of the contracts.

Contracts by scope and count, Q1 2019


Source: Equipment and Services Analytics

Operations and maintenance represented 64% of the awarded contracts in Q1 2019, followed by contracts with multiple scopes, such as construction, design and engineering, installation, O&M and procurement, which accounted for 11%.

One of the high value contracts was National Marine Dredging Company’s $1.36 billion contract from Abu Dhabi National Oil Company (ADNOC) for the provision of dredging, land reclamation and marine construction of artificial islands and causeways, as well as to expand existing Al Ghaf island to drill and produce gas from the first phase development of the Ghasha Concession comprising Hail, Ghasha, Dalma, Nasr, and Mubarraz offshore sour gas fields, in Rub al-Khali Basin, Abu Dhabi, UAE

Other notable contracts during Q1 2019 included Saipem’s two contracts worth $1.3 billion from Saudi Arabian Oil Company (Saudi Aramco) for the design, Engineering, Procurement, Construction and Installation (EPCI) services and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets for the development of Berri and Marjan fields in Arabian Gulf, offshore Saudi Arabia; Petrofac’s lump-sum contract worth around $1 billion from Groupement Isarene for the Engineering, Procurement, Construction and Commissioning (EPCC), start-up and performance testing for the Ain Tsila field development project in Algeria.; and McDermott International, along with its joint venture partners Chiyoda International’s mega-contract in excess of $1 billion from Golden Pass Products for the EPCC of three approximately 5.2 million tonne per annum (mtpa) Liquefied Natural Gas (LNG) trains in Sabine Pass, Texas, US.