The downstream segment contracts in Europe registered a decrease of 41% with 26 contracts in Q4 2021, when compared with the previous quarter’s total of 44 contracts, according to GlobalData’s oil and gas contracts database.
A total of 26 contracts were registered in the downstream segment of Europe during the quarter, when compared with the last four-quarter moving average of 41 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 420 contracts in Q4 2021, followed by midstream and downstream segments with 59 and 26 contracts, respectively.
Contract award activity in Europe’s downstream segment during Q4 2021
Looking at the total oil and gas contracts by country in the downstream segment of Europe, Russia led the activity in Q4 2021 with nine contracts and a 35% share. It saw an increase of 50% over the previous quarter’s total of six contracts and an increase of 13% when compared with the last four-quarter-average of eight contracts in Russia.
In second place was the Netherlands with four contracts and a 15% share, followed by France with two contracts and an 8% share.
Based on five-quarter moving average of the contracts in the downstream segment of Europe, Russia took the top spot with eight contracts, followed by the UK and Germany with four and three contracts, respectively.
Contracts by scope of work in Europe’s downstream segment during Q4 2021
During the quarter, the majority of downstream segment contracts awarded in the Europe were in the procurement with 15 contracts, followed by design & engineering and installation with 13 and five 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.