The downstream segment contracts in Europe registered a decrease of 52% with 10 contracts in Q3 2022, when compared with the previous quarter’s total of 21 contracts, according to GlobalData ’s oil and gas contracts database.
A total of 10 contracts were registered in the downstream segment of Europe during the quarter, when compared with the last four-quarter moving average of 32 contracts.
Contract award activity in Europe’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of Europe, Russia led the activity in Q3 2022 with five contracts and a 50% share. It saw an increase of 150% over the previous quarter’s total of two contracts and a decrease of 29% when compared with the last four-quarter-average of seven contracts in Russia, followed by the UK and Germany with one contract 10% share each.
Based on five-quarter moving average of the contracts in the downstream segment of Europe, Russia took the top spot with six contracts, followed by France and Germany with two contracts each.
Contracts by scope of work in Europe’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the Europe were in the procurement with nine contracts, followed by design & engineering and operations & maintenance with three contracts each.
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.