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  1. Market Data
January 11, 2022

Contract activities in downstream segment in Europe down 14% in December 2021

By Carmen

The downstream segment contracts in Europe registered a decrease of 14% with six contracts in December 2021, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.

A total of six contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 14 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 162 contracts in December 2021, followed by midstream and downstream segments with 14 and six contracts, respectively.


Contract award activity in Europe’s downstream segment during December 2021

In December 2021, Russia led the activity with three contracts and a 50% share of the downstream oil and gas contracts in Europe. It saw a flat growth over the previous month’s total of three contracts and a flat growth when compared with the last 12 month-average of three contracts in Russia, followed by Belgium and Germany with one contract 17% 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 the UK and France with two and one contract, respectively.

Contracts by scope of work in Europe’s downstream segment during December 2021

During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with five contracts, followed by design & engineering and installation with two and one contract, respectively.

Methodology

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.

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