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February 11, 2022

Upstream oil and gas contracts down 5% in January 2022

By Carmen

Contracts in the upstream oil and gas segment registered a decrease of 5% with a total of 341 contracts in January 2022, when compared with 358 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 1%, when compared with the last 12-month average of 337 contracts.


Upstream oil and gas contracts in January 2022

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 132 contracts and a 39% share in January 2022, followed by North America and Asia-Pacific with 89 (26%) and 79 (23%) contracts, respectively.


Contracts by scope of work in upstream segment in January 2022

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 250 contracts, followed by procurement and design & engineering with 62 and 42 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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