Contracts in the upstream oil and gas segment registered a decrease of 3% with 985 contracts in Q2 2021, when compared with 1,012 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 9%, when compared with the last four-quarter average of 907 contracts.

 

Upstream oil and gas contracts in Q2 2021

Europe led the contracts activity for upstream segment, with 467 contracts and a 47% share in Q2 2021, followed by North America and Asia-Pacific with 169 (17%) and 147 (15%) contracts, respectively.

 

Contracts by scope of work in upstream segment in Q2 2021

During the quarter, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 661 contracts, followed by procurement and design & engineering with 251 and 155 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.