The midstream segment contracts in Europe registered a decrease of 33% with 14 contracts in December 2021, when compared with the previous month’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.
A total of 14 contracts were registered in the midstream segment of Europe during the month, when compared with the last 12-month moving average of 23 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 162 contracts in December 2021, followed by midstream and downstream segments with 14 and six contracts, respectively.
Contract award activity in Europe’s midstream segment during December 2021
In December 2021, the UK led the activity with six contracts and a 43% share of the midstream oil and gas contracts in Europe. It saw an increase of 600% over the previous month’s no contracts and an increase of 200% when compared with the last 12 month-average of two contracts in the UK.
In second place was Russia with three contracts and a 21% share, followed by Norway with two contracts and a 14% share.
Based on 12-month moving average of the contracts in the midstream segment of Europe, Russia took the top spot with six contracts, followed by Greece and the UK with three contracts each.
Contracts by scope of work in Europe’s midstream segment during December 2021
During the month, the majority of midstream segment contracts awarded in the Europe were in the design & engineering and procurement with seven contracts each, followed by construction with six contracts.
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.