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November 12, 2021

Upstream oil and gas contracts down 23% in October 2021

By Carmen

Contracts in the upstream oil and gas segment registered a decrease of 23% with a total of 283 contracts in October 2021, when compared with 367 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 15%, when compared with the last 12-month average of 333 contracts.

Upstream oil and gas contracts in October 2021

By comparing contracts related to the upstream segment in different regions of the globe, Europe held the top position with 123 contracts and a 43% share in October 2021, followed by North America and Asia-Pacific with 69 (24%) and 43 (15%) contracts, respectively.

Contracts by scope of work in upstream segment in October 2021

During the month, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 195 contracts, followed by procurement and design & engineering with 61 and 44 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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