A total of 495 contracts have been awarded in the oil and gas sector globally in April 2022, marking a decrease of 19% when compared with 611 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 11%, when compared with the last 12-month average of 554 contracts.
Oil and gas contracts activity by region in April 2022
By comparing contracts activity in different regions of the globe, Europe held the top position with 190 contracts and a share of 38% in April 2022, followed by Asia-Pacific and North America with 131 contracts (26%) and 102 contracts (21%), respectively.
In fourth place was Middle East with 36 contracts and a 7% share.
Upstream segment tops contracts activity in April 2022
Looking at contracts by segment, upstream accounted for the largest proportion with 341 contracts and a 69% share in April 2022, followed by midstream with 75 contracts and a 15% share.
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.