Contracts in the upstream oil and gas segment registered a decrease of 3% with a total of 281 contracts in November 2021, when compared with 289 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 17%, when compared with the last 12-month average of 338 contracts.
Upstream oil and gas contracts in November 2021
By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 122 contracts and a 43% share in November 2021, followed by North America and Asia-Pacific with 56 (20%) and 45 (16%) contracts, respectively.
Contracts by scope of work in upstream segment in November 2021
During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 185 contracts, followed by procurement and design & engineering with 64 and 52 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.