The downstream segment contracts in Europe registered an increase of 5% with 21 contracts in Q2 2022, when compared with the previous quarter’s total of 20 contracts, according to GlobalData’s oil and gas contracts database.
A total of 21 contracts were registered in the downstream segment of Europe during the quarter, when compared with the last four-quarter moving average of 37 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 381 contracts in Q2 2022, followed by midstream and downstream segments with 51 and 21 contracts, respectively.
Contract award activity in Europe’s downstream segment during Q2 2022
Looking at the total oil and gas contracts by country in the downstream segment of Europe, Sweden led the activity in Q2 2022 with five contracts and a 24% share. It saw an increase of 400% over the previous quarter’s total of one contract and an increase of 150% when compared with the last four-quarter-average of two contracts in Sweden, followed by the UK and Russia with two contracts 10% share each.
Based on five-quarter moving average of the contracts in the downstream segment of Europe, Russia took the top spot with seven contracts, followed by Germany and the Netherlands with four and three contracts, respectively.
Contracts by scope of work in Europe’s downstream segment during Q2 2022
During the quarter, the majority of downstream segment contracts awarded in the Europe were in the procurement with 17 contracts, followed by design & engineering and construction with eight and four 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.