Offshore oil and gas contracts registered a decrease of 1% in July 2022 with a total of 219 contracts, when compared with 221 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 16%, when compared with an average of 262 contracts over the last 12 months.
Upstream segment had the majority of contracts in the offshore terrain with 207 contracts and a 95% share, followed by midstream with 12 contracts.
Offshore oil and gas contracts activity by region in July 2022
Europe led the offshore contracts activity with 96 contracts and a 44% share in July 2022, followed by Asia-Pacific and North America with 56 (26%) and 23 (11%) contracts, respectively.
Offshore contracts by scope of work in July 2022
During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 139 contracts, followed by procurement and design & engineering with 57 and 41 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.