Contracts in the upstream oil and gas segment registered a flat growth with 1,102 contracts in Q3 2022, when compared with 1,105 contracts in the previous quarter, according to GlobalData’s oil and gas contracts database.
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The activity marked a decrease of 2%, when compared with the last four-quarter average of 1,120 contracts.
Upstream oil and gas contracts in Q3 2022
Europe led the contracts activity for upstream segment, with 406 contracts and a 37% share in Q3 2022, followed by North America and Asia-Pacific with 371 (34%) and 148 (13%) contracts, respectively.
Contracts by scope of work in upstream segment in Q3 2022
During the quarter, the majority of contracts in the upstream segment were awarded in the operations & maintenance with 806 contracts, followed by procurement and design & engineering with 232 and 135 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.
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