Offshore oil and gas contracts registered a decrease of 5% in September 2022 with a total of 230 contracts, when compared with 242 contracts in the previous month, according to GlobalData ’s oil and gas contracts database.

The activity marked a decrease of 13%, when compared with an average of 264 contracts over the last 12 months.


Upstream segment had the majority of contracts in the offshore terrain with 206 contracts and a 90% share, followed by midstream with 14 contracts.


Offshore oil and gas contracts activity by region in September 2022

Europe led the offshore contracts activity with 133 contracts and a 58% share in September 2022, followed by North America and Asia-Pacific with 28 (12%) and 27 (12%) contracts, respectively.

Offshore contracts by scope of work in September 2022

During the month, the majority of contracts in the offshore were awarded in the operations & maintenance with 170 contracts, followed by design & engineering and procurement with 45 and 42 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.