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  1. Market Data
April 13, 2022

Oil and gas contracts awarded globally down 3% in March 2022

By Carmen

A total of 542 contracts have been awarded in the oil and gas sector globally in March 2022, marking a decrease of 3% when compared with 560 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 3%, when compared with the last 12-month average of 556 contracts.


Oil and gas contracts activity by region in March 2022

By comparing contracts activity in different regions of the globe, Europe held the top position with 215 contracts and a share of 40% in March 2022, followed by Asia-Pacific and North America with 155 contracts (29%) and 114 contracts (21%), respectively.

In fourth place was Middle East with 33 contracts and a 6% share.


Upstream segment tops contracts activity in March 2022

Looking at contracts by segment, upstream accounted for the largest proportion with 372 contracts and a 69% share in March 2022, followed by midstream with 104 contracts and a 19% 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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