Offshore oil and gas contracts registered a decrease of 6% in January 2022 with a total of 241 contracts, when compared with 257 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 2%, when compared with an average of 245 contracts over the last 12 months.
Upstream segment had the majority of contracts in the offshore terrain with 228 contracts and a 95% share, followed by midstream with 15 contracts.
Offshore oil and gas contracts activity by region in January 2022
Europe led the offshore contracts activity with 130 contracts and a 54% share in January 2022, followed by Asia-Pacific and North America with 62 (26%) and 18 (7%) contracts, respectively.
Offshore contracts by scope of work in January 2022
During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 168 contracts, followed by procurement and design & engineering with 47 and 35 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.