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December 14, 2021

Offshore oil and gas contracts up 6% in November 2021

By Carmen

Offshore oil and gas contracts registered an increase of 6% in November 2021 with a total of 210 contracts, when compared with 198 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 15%, when compared with an average of 246 contracts over the last 12 months.


Upstream segment had the majority of contracts in the offshore terrain with 202 contracts and a 96% share, followed by midstream with 14 contracts.


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Offshore oil and gas contracts activity by region in November 2021

Europe led the offshore contracts activity with 122 contracts and a 58% share in November 2021, followed by Asia-Pacific and North America with 39 (19%) and 19 (9%) contracts, respectively.

Offshore contracts by scope of work in November 2021

During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 128 contracts, followed by procurement and design & engineering with 46 and 41 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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