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  1. Market Data
February 11, 2022

Oil and gas contracts awarded globally down 16% in January 2022

By Carmen

A total of 447 contracts have been awarded in the oil and gas sector globally in January 2022, marking a decrease of 16% when compared with 535 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 16%, when compared with the last 12-month average of 530 contracts.


Oil and gas contracts activity by region in January 2022

By comparing contracts activity in different regions of the globe, Europe held the top position with 172 contracts and a share of 38% in January 2022, followed by Asia-Pacific and North America with 118 contracts (26%) and 106 contracts (24%), respectively.

In fourth place was Middle East with 30 contracts and a 7% share.


Upstream segment tops contracts activity in January 2022

Looking at contracts by segment, upstream accounted for the largest proportion with 341 contracts and a 76% share in January 2022, followed by midstream with 65 contracts and a 15% 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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