The midstream segment contracts in Europe registered a decrease of 13% with 14 contracts in February 2022, when compared with the previous month’s total of 16 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 22 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 198 contracts in February 2022, followed by midstream and downstream segments with 14 and five contracts, respectively.
Contract award activity in Europe’s midstream segment during February 2022
In February 2022, Russia led the activity with eight contracts and a 57% share of the midstream oil and gas contracts in Europe. It saw an increase of 14% over the previous month’s total of seven contracts and an increase of 14% when compared with the last 12 month-average of seven contracts in Russia.
In second place was Greece with three contracts and a 21% share, followed by Lithuania with one contract and a 7% share.
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 Norway with three and two contracts, respectively.
Contracts by scope of work in Europe’s midstream segment during February 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the procurement with seven contracts, followed by design & engineering and construction with four and three 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.