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January 11, 2022

Oil and gas contracts awarded globally up 3% in December 2021

By Carmen

A total of 438 contracts have been awarded in the oil and gas sector globally in December 2021, marking an increase of 3% when compared with 425 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 17%, when compared with the last 12-month average of 530 contracts.


Oil and gas contracts activity by region in December 2021

By comparing contracts activity in different regions of the globe, Europe held the top position with 197 contracts and a share of 45% in December 2021, followed by Asia-Pacific and North America with 89 contracts (20%) and 79 contracts (18%), respectively.

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In fourth place was Middle East with 33 contracts and an 8% share.


Upstream segment tops contracts activity in December 2021

Looking at contracts by segment, upstream accounted for the largest proportion with 324 contracts and a 74% share in December 2021, followed by midstream with 49 contracts and an 11% share.

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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