The midstream segment contracts in Europe registered a decrease of 11% with 51 contracts in Q3 2022, when compared with the previous quarter’s total of 57 contracts, according to GlobalData ’s oil and gas contracts database.

A total of 51 contracts were registered in the midstream segment of Europe during the quarter, when compared with the last four-quarter moving average of 65 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 406 contracts in Q3 2022, followed by midstream and carbon capture segments with 51 and 10 contracts, respectively.


Contract award activity in Europe’s midstream segment during Q3 2022

Looking at the total oil and gas contracts by country in the midstream segment of Europe, Russia led the activity in Q3 2022 with 17 contracts and a 33% share. It saw an increase of 31% over the previous quarter’s total of 13 contracts and a decrease of 11% when compared with the last four-quarter-average of 19 contracts in Russia.

In second place was the UK with seven contracts and a 14% share, followed by Greece with five contracts and a 10% share.

Based on five-quarter moving average of the contracts in the midstream segment of Europe, Russia took the top spot with 19 contracts, followed by the UK and Greece with seven and six contracts, respectively.

Contracts by scope of work in Europe’s midstream segment during Q3 2022

During the quarter, the majority of midstream segment contracts awarded in the Europe were in the operations & maintenance and procurement with 19 contracts each, followed by design & engineering with 11 contracts.

Methodology

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.