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August 22, 2022updated 14 Sep 2022 6:18am

Upstream oil and gas contracts down 9% in July 2022

By Carmen

Contracts in the upstream oil and gas segment registered a decrease of 9% with a total of 357 contracts in July 2022, when compared with 393 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 4%, when compared with the last 12-month average of 370 contracts.

Upstream oil and gas contracts in July 2022

By comparing contracts related to the upstream segment in different regions of the globe, North America held the top position with 128 contracts and a 36% share in July 2022, followed by Europe and Asia-Pacific with 113 (32%) and 64 (18%) contracts, respectively.

Contracts by scope of work in upstream segment in July 2022

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 256 contracts, followed by procurement and design & engineering with 75 and 42 contracts, respectively.


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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