Contracts in the upstream oil and gas segment registered an increase of 16% with 1,161 contracts in Q1 2022, when compared with 1,000 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 13%, when compared with the last four-quarter average of 1,026 contracts.


Upstream oil and gas contracts in Q1 2022

Europe led the contracts activity for upstream segment, with 517 contracts and a 45% share in Q1 2022, followed by North America and Asia-Pacific with 254 (22%) and 239 (21%) contracts, respectively.


Contracts by scope of work in upstream segment in Q1 2022

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

During the quarter, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 849 contracts, followed by procurement and design & engineering with 216 and 145 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.