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  1. Market Data
April 13, 2022

Upstream oil and gas contracts down 13% in March 2022

By Carmen

Contracts in the upstream oil and gas segment registered a decrease of 13% with a total of 372 contracts in March 2022, when compared with 427 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 4%, when compared with the last 12-month average of 359 contracts.

Upstream oil and gas contracts in March 2022

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 178 contracts and a 48% share in March 2022, followed by North America and Asia-Pacific with 82 (22%) and 71 (19%) contracts, respectively.

Contracts by scope of work in upstream segment in March 2022

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 261 contracts, followed by procurement and design & engineering with 78 and 61 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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