The midstream segment contracts in Europe registered an increase of 19% with 19 contracts in March 2022, when compared with the previous month’s total of 16 contracts, according to GlobalData’s oil and gas contracts database.
A total of 19 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 178 contracts in March 2022, followed by midstream and carbon capture segments with 19 and six contracts, respectively.
Contract award activity in Europe’s midstream segment during March 2022
In March 2022, Russia led the activity with nine contracts and a 47% share of the midstream oil and gas contracts in Europe. It saw a flat growth over the previous month’s total of nine contracts and an increase of 29% when compared with the last 12 month-average of seven contracts in Russia.
In second place was the UK with three contracts and a 16% share, followed by Greece with two contracts and an 11% 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 March 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the procurement with 12 contracts, followed by design & engineering and operations & maintenance with six 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.