Contracts in the upstream oil and gas segment registered an increase of 1% with a total of 367 contracts in August 2022, when compared with 362 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 376 contracts.
Upstream oil and gas contracts in August 2022
By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 140 contracts and a 38% share in August 2022, followed by North America and Asia-Pacific with 126 (34%) and 43 (12%) contracts, respectively.
Contracts by scope of work in upstream segment in August 2022
During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 257 contracts, followed by procurement and design & engineering with 83 and 45 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.