The midstream segment contracts in Europe registered a decrease of 11% with 17 contracts in May 2022, when compared with the previous month’s total of 19 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 136 contracts in May 2022, followed by midstream and downstream segments with 17 and eight contracts, respectively.
Contract award activity in Europe’s midstream segment during May 2022
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In May 2022, Russia led the activity with four contracts and a 24% share of the midstream oil and gas contracts in Europe. It saw a decrease of 20% over the previous month’s total of five contracts and a decrease of 43% when compared with the last 12 month-average of seven contracts in Russia.
In second place was Poland with three contracts and an 18% share, followed by the Netherlands with two contracts and a 12% 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 May 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the operations & maintenance with 10 contracts, followed by procurement and design & engineering with five 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.