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October 18, 2021updated 27 Oct 2021 12:52pm

Offshore oil and gas contracts up 6% in September 2021

By Carmen

Offshore oil and gas contracts registered an increase of 6% in September 2021 with a total of 242 contracts, when compared with 229 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 3%, when compared with an average of 236 contracts over the last 12 months.

 

Upstream segment had the majority of contracts in the offshore terrain with 232 contracts and a 96% share, followed by midstream with 14 contracts.

 

Offshore oil and gas contracts activity by region in September 2021

Europe led the offshore contracts activity with 159 contracts and a 66% share in September 2021, followed by Asia-Pacific and North America with 34 (14%) and 18 (7%) contracts, respectively.

Offshore contracts by scope of work in September 2021

During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 159 contracts, followed by design & engineering and procurement with 64 and 56 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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