A total of 472 contracts have been awarded in the oil and gas sector globally in August 2022, marking a decrease of 8% when compared with 513 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 19%, when compared with the last 12-month average of 582 contracts.
Oil and gas contracts activity by region in August 2022
By comparing contracts activity in different regions of the globe, Europe held the top position with 166 contracts and a share of 35% in August 2022, followed by North America and Asia-Pacific with 136 contracts (29%) and 97 contracts (21%), respectively.
In fourth place was Middle East with 34 contracts and a 7% share.
Upstream segment tops contracts activity in August 2022
Looking at contracts by segment, upstream accounted for the largest proportion with 367 contracts and a 78% share in August 2022, followed by midstream with 50 contracts and an 11% 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.