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September 29, 2021updated 30 Sep 2021 3:25pm

Upstream oil and gas contracts up 5% in August 2021

By Carmen

Contracts in the upstream oil and gas segment registered an increase of 5% with a total of 314 contracts in August 2021, when compared with 299 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 2%, when compared with the last 12-month average of 321 contracts.

 

Upstream oil and gas contracts in August 2021

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 136 contracts and a 43% share in August 2021, followed by North America and Asia-Pacific with 78 (25%) and 40 (13%) contracts, respectively.

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Contracts by scope of work in upstream segment in August 2021

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 216 contracts, followed by design & engineering and procurement with 76 and 61 contracts, respectively.

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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