The midstream segment contracts in Europe registered a decrease of 21% with 19 contracts in November 2022, when compared with the previous month’s total of 24 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 21 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 143 contracts in November 2022, followed by midstream and downstream segments with 19 and seven contracts, respectively.
Contract award activity in Europe’s midstream segment during November 2022
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In November 2022, Greece, Norway and Russia led the activity with three contracts and a 16% share each of the midstream oil and gas contracts in Europe. It saw an increase of 50% over the previous month’s total of two contracts and an increase of 50% when compared with the last 12 month-average of two contracts in Greece.
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 the UK and Greece with three and two contracts, respectively.
Contracts by scope of work in Europe’s midstream segment during November 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the operations & maintenance with 13 contracts, followed by procurement and construction with seven 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.