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  1. Market Data
November 12, 2021

Contract activities in downstream segment in Europe down 24% in October 2021

By Carmen

The downstream segment contracts in Europe registered a decrease of 24% with 13 contracts in October 2021, when compared with the previous month’s total of 17 contracts, according to GlobalData’s oil and gas contracts database.

A total of 13 contracts were registered in the downstream segment of Europe during the month, remained flat when compared with the last 12-month average contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 123 contracts in October 2021, followed by midstream and downstream segments with 24 and 13 contracts, respectively.


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

In October 2021, the Netherlands and Russia led the activity with three contracts and a 23% share each of the downstream oil and gas contracts in Europe. It saw an increase of 300% over the previous month’s no contracts and an increase of 200% when compared with the last 12 month-average of one contract in Netherlands, followed by France with two contracts and a 15% share, followed by France with two contracts and a 15% share.

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 October 2021

During the month, the majority of downstream segment contracts awarded in the Europe were in the design & engineering with eight contracts, followed by procurement and construction with seven and four contracts, 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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