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  1. Market Data
April 13, 2022

Contract activities in downstream segment in Europe up 20% in March 2022

By Carmen

The downstream segment contracts in Europe registered an increase of 20% with six contracts in March 2022, when compared with the previous month’s total of five 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 13 contracts.



Contract award activity in Europe’s downstream segment during March 2022

In March 2022, Russia led the activity with two contracts and a 33% share of the downstream oil and gas contracts in Europe. It saw a decrease of 33% over the previous month’s total of three contracts and a decrease of 33% when compared with the last 12 month-average of three contracts in Russia, followed by Sweden and France 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 France and Germany with one contract each.

Contracts by scope of work in Europe’s downstream segment during March 2022

During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with four 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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