The midstream segment contracts in Europe registered a decrease of 23% with 17 contracts in April 2022, when compared with the previous month’s total of 22 contracts, according to GlobalData’s oil and gas contracts database.
A total of 17 contracts were registered in the midstream segment of Europe during the month, when compared with the last 12-month moving average of 22 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 143 contracts in April 2022, followed by midstream and downstream segments with 17 and 11 contracts, respectively.
Contract award activity in Europe’s midstream segment during April 2022
In April 2022, Russia led the activity with five contracts and a 29% share of the midstream oil and gas contracts in Europe. It saw a decrease of 44% over the previous month’s total of nine contracts and a decrease of 29% when compared with the last 12 month-average of seven contracts in Russia, followed by Germany and the UK with three contracts 18% share each.
Based on 12-month moving average of the contracts in the midstream segment of Europe, Russia took the top spot with seven contracts, followed by Greece and the UK with three contracts each.
Contracts by scope of work in Europe’s midstream segment during April 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the procurement with nine contracts, followed by operations & maintenance and installation with six and two 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.