The downstream segment contracts in Europe registered an increase of 38% with 11 contracts in April 2022, when compared with the previous month’s total of eight contracts, according to GlobalData’s oil and gas contracts database.
A total of 11 contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 12 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 143 contracts in April 2022, followed by midstream and downstream segments with 17 and 11 contracts, respectively.
Contract award activity in Europe’s downstream segment during April 2022
In April 2022, Sweden led the activity with three contracts and a 27% share of the downstream oil and gas contracts in Europe. It saw an increase of 200% over the previous month’s total of one contract and an increase of 200% when compared with the last 12 month-average of one contract in Sweden, followed by France and Germany with one contract 9% share each.
Based on 12-month moving average of the contracts in the downstream segment of Europe, Russia took the top spot with three contracts, followed by France and Germany with one contract each.
Contracts by scope of work in Europe’s downstream segment during April 2022
During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with 10 contracts, followed by design & engineering and construction with four and three contracts, respectively.
All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.
More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.