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September 29, 2021updated 30 Sep 2021 3:28pm

Offshore oil and gas contracts down 3% in August 2021

By Carmen

Offshore oil and gas contracts registered a decrease of 3% in August 2021 with a total of 226 contracts, when compared with 233 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 3%, when compared with an average of 233 contracts over the last 12 months.

 

Upstream segment had the majority of contracts in the offshore terrain with 223 contracts and a 99% share, followed by midstream with eight contracts.

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Offshore oil and gas contracts activity by region in August 2021

Europe led the offshore contracts activity with 121 contracts and a 54% share in August 2021, followed by Asia-Pacific and North America with 34 (15%) and 27 (12%) contracts, respectively.

Offshore contracts by scope of work in August 2021

During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 164 contracts, followed by design & engineering and procurement with 57 and 39 contracts, respectively.

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.

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