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July 14, 2022

Upstream oil and gas contracts up 5% in June 2022

By Carmen

Contracts in the upstream oil and gas segment registered an increase of 5% with a total of 346 contracts in June 2022, when compared with 331 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 6%, when compared with the last 12-month average of 368 contracts.


Upstream oil and gas contracts in June 2022

By comparing contracts related to the upstream segment in different regions of the globe, North America held the top position with 124 contracts and a 36% share in June 2022, followed by Europe and Asia-Pacific with 100 (29%) and 53 (15%) contracts, respectively.


Contracts by scope of work in upstream segment in June 2022

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 231 contracts, followed by procurement and design & engineering with 80 and 49 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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